MMK’s shares included in the top tier quotation list of Moscow Exchange
OJSC Magnitogorsk Iron and Steel Works ("MMK" or “the Company”) announces that the Company’s shares have been included in the First (top) tier quotation list of Moscow Exchange as of 31 August 2015.
This demonstrates that MMK as an issuer complies with the Exchange’s high requirements in terms of information disclosure and corporate governance standards.
The Company’s management believes that the inclusion of MMK’s shares in the First tier quotation list will enable MMK to expand its investor base. “This, in turn, should improve liquidity,” – said MMK CFO Sergey Sulimov.
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2014, the company produced 13.0 million tonnes of crude steel and 12.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.
Investor Relations Department:
Andrey Serov, Head of IR
tel.: +7 (3519) 24-52-97