MMK

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022

Retrieved on: 
Wednesday, April 27, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies about 2024 Eurobond coupon payment in June 2022
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies about 2024 Eurobond coupon payment in June 2022.
  • Given the existing uncertainty regarding the transfer and receipt of loan interest and coupon income due to regulatory restrictions in various jurisdictions, particularly, cross-border payments, MMK is considering legal options to facilitate the coupon payment on 13 June 2022.
  • MMK has the sufficient liquidity cushion to meet its obligations on due dates, including the Notes coupon payment, and will carry out the available actions to fulfill these obligations.

PJSC Magnitogorsk Iron and Steel Works: MMK Board meeting results

Retrieved on: 
Tuesday, April 26, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK Board meeting results

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK Board meeting results
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) announces MMK Board of Directors decisions, which were adopted by absentee voting on 25 April 2022.
  • At the meeting, the Board made the following decisions, among others:
    1.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about actions under newly introduced regulations for depositary receipts programmes of Russian issuers

Retrieved on: 
Monday, April 25, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about actions under newly introduced regulations for depositary receipts programmes of Russian issuers

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies about actions under newly introduced regulations for depositary receipts programmes of Russian issuers
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies about actions under newly introduced regulations for depositary receipts programmes of Russian issuers.
  • 114-FZ"), which obliges Russian issuers to stop issuing and/or trading of depositary receipts and underlying ordinary shares of Russian issuers.
  • Provisions of the Federal Law regarding the depositary receipts will come into force on 27 April 2022 (the "Effective Date").

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about temporary suspension of Q1 2022 Trading Update and Financial Results publication

Retrieved on: 
Thursday, April 14, 2022

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that it has decided temporarily not to publish its Trading Update and Financial Results for Q1 2022.

Key Points: 
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that it has decided temporarily not to publish its Trading Update and Financial Results for Q1 2022.
  • PJSC Magnitogorsk Iron and Steel Works (the Group, MMK) is one of the world's largest steel producers, holding a leading position among Russian steel companies.
  • In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that S&P Global Ratings has withdrawn MMK's credit rating

Retrieved on: 
Tuesday, April 12, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that S&P Global Ratings has withdrawn MMK's credit rating

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies that S&P Global Ratings has withdrawn MMK's credit rating
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that S&P Global Ratings has withdrawn MMK's credit rating.
  • PJSC Magnitogorsk Iron and Steel Works (the Group, MMK) is one of the world's largest steel producers, holding a leading position among Russian steel companies.
  • In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Fitch Ratings has withdrawn MMK's credit rating

Retrieved on: 
Monday, April 4, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Fitch Ratings has withdrawn MMK's credit rating

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Fitch Ratings has withdrawn MMK's credit rating
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that Fitch Ratings has withdrawn MMK's credit rating.
  • Fitch Ratings commented in its press release that the withdrawal of Russian entities' ratings is for sanction-related reasons.
  • The full press-release of Fitch Ratings is available at:
    PJSC Magnitogorsk Iron and Steel Works (the Group, MMK) is one of the world's largest steel producers, holding a leading position among Russian steel companies.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Moody's has withdrawn MMK's credit rating

Retrieved on: 
Friday, April 1, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Moody's has withdrawn MMK's credit rating

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Moody's has withdrawn MMK's credit rating
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that Moody's has withdrawn MMK's credit rating.
  • The full press-release of Moody's is available at:
    PJSC Magnitogorsk Iron and Steel Works (the Group, MMK) is one of the world's largest steel producers, holding a leading position among Russian steel companies.
  • In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about changes in the Board of Directors

Retrieved on: 
Friday, April 1, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies about changes in the Board of Directors

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies about changes in the Board of Directors
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", "the Group") (MOEX: MAGN; LSE: MMK) notifies that Valery Martsinovich, Tav Morgan and Olga Rashnikova resigned from MMK's Board of Directors in compliance with their applications.
  • The Group notifies that it has the obligatory quorum for holding Board meetings and making decisions stipulated by MMK's Charter.
  • PJSC Magnitogorsk Iron and Steel Works (MMK Group, MMK) is a Russian iron and steel company.

PJSC Magnitogorsk Iron and Steel Works: MMK comments on the Council Implementing Regulation (EU) 2022/427 and Council Decision (CFSP) 2022/429 of 15 March 2022

Retrieved on: 
Friday, March 18, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK comments on the Council Implementing Regulation (EU) 2022/427 and Council Decision (CFSP) 2022/429 of 15 March 2022

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK comments on the Council Implementing Regulation (EU) 2022/427 and Council Decision (CFSP) 2022/429 of 15 March 2022
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", "the Group") (MOEX: MAGN; LSE: MMK) notifies that on 15 March 2022 the European Council published the fourth package of economic and individual sanctions against the Russian Federation, including Viktor Rashnikov, Chairman of the Board of Directors and controlling shareholder of MMK.
  • MMK is reviewing the decision taken by the European authorities and assessing possible impact of sanctions on its business.
  • PJSC Magnitogorsk Iron and Steel Works (MMK Group, MMK) is a Russian iron and steel company.

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Moody's has downgraded MMK's credit rating

Retrieved on: 
Tuesday, March 15, 2022

PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Moody's has downgraded MMK's credit rating

Key Points: 
  • PJSC Magnitogorsk Iron and Steel Works: MMK notifies that Moody's has downgraded MMK's credit rating
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MOEX: MAGN; LSE: MMK) notifies that Moody's has downgraded MMK's credit rating to 'Caa2' from 'Baa2' with the negative outlook.
  • In 2021, MMK produced 13.6 mln tonnes of crude steel and sold 12.5 mln tonnes of commercial steel products.
  • Subscribe to our official MMK channel in Telegram , to be the first to know about key MMK news.