REG - Evraz Plc - Clarification regarding the potential demerger

EvrazAnnouncement

28/10/2021 17:05

RNS Number : 6335Q
  
Evraz Plc
  
28 October 2021
  
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
28 October 2021
EVRAZ plc ("EVRAZ" or the "Company") - Clarification regarding the potential demerger of its coal assets (the "Potential Demerger")
 
Further to the investor call held earlier today to discuss the Company's Q3 2021 trading update, the Company wishes to clarify its position regarding the Potential Demerger.
Further to the Company's announcements on 26 January, 15 April and 5 August 2021, the Company is continuing to undertake work on the structure for the Potential Demerger, but no final decision has yet been taken by the board of EVRAZ (the "Board") as to whether to undertake the Potential Demerger. There can be no assurance that the Potential Demerger will be undertaken and the Board will continue to keep shareholders updated through further announcements as appropriate.    
 
About the Company
 
EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, the USA, Canada, the Czech Republic and Kazakhstan. EVRAZ is among the top steel producers in the world. A significant portion of the Сompany's internal consumption of iron ore and coking coal is covered by its mining operations. EVRAZ is listed on the London Stock Exchange and is a constituent of the FTSE 100 index.
 
 
For further information:
 
Investor Relations

+7 495 232 1370

+44-207-290-1095

ir@evraz.com
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCBUBDGIUDDGBI