REG - Evraz Plc - Demerger update

EvrazAnnouncement

11/03/2022 12:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220311:nRSK5340Ea&default-theme=true

RNS Number : 5340E  Evraz Plc  11 March 2022

11 March 2022

 

EVRAZ plc ("EVRAZ" or the "Company")

Demerger update

EVRAZ announces today that it suspends the process of the demerger of its coal
assets consolidated under PJSC Raspadskaya (the "Demerger") indefinitely as
the Company anticipates clarification regarding regulatory restrictions, both
from the Office of Financial Sanctions Implementation (OFSI), HM Treasury,
following the Financial Sanctions Notice issued on March 10th, 2022 and from
the Russian authorities on the shareholder rights to dispose of the shares
received as part of the demerger process.

 

For further enquiries:

Investor Relations

+44 207 290 1095   / +7 495 232 1370

Media Relations

+44 207 290 1096   / +7 495 937 6871

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDLFLFFLXLXBBZ