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PUBLIC JOINT STOCK COMPANY MAGNITOGORSK IRON & STEEL WORKS

(MAGN)
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Public Joint Stock Magnitogorsk Iron & Steel Works : Decisions adopted by the Board of Directors of PJSC MMK on 25.10.2021

11/25/2021 | 12:50am EST

Decisions adopted by the Board of Directors of PJSC MMK on 25.10.2021

The second issue of the agenda of absentee voting: «On recommendation to the extraordinary general meeting of shareholders of PJSC MMK on the size of dividends on PJSC MMK's placed shares and procedure of payment thereof based on the performance results in nine months of the 2021 reporting year, and proposal to the extraordinary general meeting of shareholders of PJSC MMK on setting the date on which the persons that are entitled to receiving the dividends are to be determined»

It is hereby resolved:

Pursuant to subparagraph 11 of paragraph 1 of Article 65 of the Federal Law On Joint Stock Companies, to recommend to the extraordinary general meeting of shareholders of PJSC MMK the size of dividends on PJSC MMK's placed registered ordinary shares based on performance results in nine months of the 2021 reporting year, to be RUB 2.663 (tax included) per share.

The dividends shall be paid in monetary form, by money transfer within the period set by Federal Law "On Joint Stock Companies".

Pursuant to paragraph 3 of Article 42 of the Federal Law On Joint Stock Companies, paragraph 8.4 of the PJSC MMK's Charter, to propose to the extraordinary general meeting of shareholders of PJSC MMK to set the date to be January 13, 2022 at the close of the business day, as the date on which persons entitled to receive dividends on placed ordinary shares of PJSC MMK based on the results of the nine months of 2021 reporting year shall be determined.

The fifth issue of the agenda of absentee voting: «On formation of the collective executive body - PJSC MMK's Management Board»

It is hereby resolved:

«1 To constitute the collective executive body, the Management Board of MMK PJSC.

To approve the quantity and names of the members of the Management Board of PJSC MMK:

1 Pavel V. Shilyaev

the person's interest in the Issuer's authorized capital - 0.0036%; percentage of the issuer's ordinary shares owned by the person - 0.0036 %; 2 Andrey A. Eremin

the person's interest in the Issuer's authorized capital - 0,001 %; percentage of the issuer's ordinary shares owned by the person - 0, 001 %; 3. Oleg V. Kiykov

the person's interest in the Issuer's authorized capital - 0,0005 %; percentage of the issuer's ordinary shares owned by the person - 0,0005 %; 4. Aleksey Yu. Kovalenko

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 5. Pavel A. Kravchenko

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 6. Aleksey Yu. Kuzmin

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 7. Aleksandr A. Mukhin

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 8. Sergey A. Nenashev

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 9. Maria V. Nikulina

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 10. Ivan A. Radyukevich

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 11. Vladimir E. Ruga

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 12. Sergey Ya. Unru

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 13. Vadim N. Feoktistov

the person's interest in the Issuer's authorized capital - 0%; percentage of the issuer's ordinary shares owned by the person - 0%; 14. Sergey V. Shepilov

the person's interest in the Issuer's authorized capital - 0,0006 %; percentage of the issuer's ordinary shares owned by the person - 0,0006 %; 15. Grigory V. Schurov

the person's interest in the Issuer's authorized capital - 0,001 %; percentage of the issuer's ordinary shares owned by the person - 0,001 %».

Disclaimer

OAO MMK - Magnitogorskiy Metallurgicheskiy Kombinat published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 05:49:02 UTC.


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Financials (USD)
Sales 2021 11 547 M - -
Net income 2021 3 069 M - -
Net cash 2021 591 M - -
P/E ratio 2021 2,77x
Yield 2021 22,5%
Capitalization 8 312 M 8 117 M -
EV / Sales 2021 0,67x
EV / Sales 2022 0,77x
Nbr of Employees 17 887
Free-Float 18,7%
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Number of Analysts 4
Last Close Price 0,81 $
Average target price 1,16 $
Spread / Average Target 43,0%
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Managers and Directors
Pavel Vladimirovich Shilyaev Chief Executive Officer & Director
Maria V. Nikulina Head-Finance Resources
Victor Filippovich Rashnikov Chairman
Vadim N. Feoktistov Chief Information Technology Specialist
Valeriy Yaroslavovich Martsinovich Independent Director
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