Brief: Evraz Says Coupon Payment On 2023 Notes Stopped For Compliance By Correspondent Bank

Evraz

21/03/2022 15:38

March 21 (Reuters) - Evraz Plc  EVRE.L :
    * SAYS INFORMS THAT IT HAS MADE A REGULAR COUPON PAYMENT DUE
ON 21
MARCH 2022 UNDER OUTSTANDING PRINCIPAL AMOUNT OF
US$704,099,000.00 NOTES DUE 2023
    * AS PER COMMUNICATION FROM BANK OF NEW YORK MELLON, LONDON
BRANCH
AMOUNT REMAINS BLOCKED FOR COMPLIANCE AT CORRESPONDENT BANK,
SOCIETE GENERALE NY
    * SAYS CONTINUES TO STAND ON POSITION THAT ROMAN ABRAMOVICH
DOES
NOT HAVE EFFECTIVE CONTROL OF COMPANY
    * SAYS BELIEVES THAT IT IS NEITHER DESIGNATED NOR SANCTIONED
    * UNDERSTANDS "SITUATION HAS ITS ROOTS" IN UNCERTAINTIES
UPON
DECISION OF OFSI TO INCLUDE CO'S SHAREHOLDERS ABRAMOVICH IN
EXTENDED SANCTIONS LIST
    * HAS ALSO APPROACHED OFSI AND SANCTIONS TASK FORCE OF FCDO
TO
PROVIDE CLARIFICATIONS SPECIFICALLY REGARDING COUPON PAYMENT

Source text for Eikon:  ID:nRSU4875Fa 
Further company coverage:  EVRE.L 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))