REG - Evraz Plc - OWNERSHIP AND CONTROL, SUPPLY OF STEEL

EvrazAnnouncement

10/03/2022 16:00

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RNS Number : 4044E  Evraz Plc  10 March 2022

10 March 2022

FOR IMMEDIATE RELEASE

EVRAZ plc ("EVRAZ" or the "Company") - OWNERSHIP AND CONTROL OF THE COMPANY,
SUPPLY OF STEEL BY THE GROUP

Further to the extension of the UK Sanctions List published on 10 March 2022,
the Company wishes to make the official statement on the current shareholding
and effective control of the Company.

 

The Company confirms that Mr Roman Abramovich is one of the significant
shareholders of the Company with a direct holding of 417,767,314 shares, which
constitutes 28.64% of the issued capital.

Under the relationship agreement with Mr Roman Abramovich, he is entitled to
appoint up to 3 directors. The current composition of the Board is 11 members,
among which there are 6 independent non-executive directors. Over the last 5
years, only 2 directors have been appointed by Mr Abramovich.

Having regard to the above, the Company does not consider Mr Roman Abramovich
as a person exercising the effective control of the Company as he:

-              does not hold (directly or indirectly) more than
50% of the shares or voting rights in the Company;

-              has no right (directly or indirectly) to appoint
or remove a majority of the board of directors of the Company;

-              is not able to ensure the affairs of the Company
are conducted in accordance with his wishes, including:

·    appointing solely by exercising his voting rights, a majority of the
members of the administrative, management or supervisory bodies of the
Company;

·    controlling alone, pursuant to an agreement with other shareholders
of the Company, a majority of shareholders' voting rights in the Company;

·    having the right to exercise a dominant influence over the Company,
pursuant to an agreement entered into with the Company, or to a provision in
its Memorandum or Articles of Association;

·    having the right to exercise a dominant influence referred to in the
point above, without being the holder of that right (including by means of a
front company);

·    having the ability to direct another entity in accordance with his
wishes.

In view of the aforesaid, the Company considers that the UK financial
sanctions shall not apply to the Company itself.

Furthermore, the Company denies the statement that it is or has been involved
in providing financial services, or making available funds, economic
resources, goods or technology that could contribute to destabilising Ukraine
or undermining or threatening the territorial integrity, sovereignty or
independence of Ukraine - which includes potentially supplying steel to the
Russian military which may have been used in the production of tanks.

The Company confirms that it supplies long steel to infrastructure and
construction sectors only.

###

For further information:

 Investor Relations:  Media Relations:

 +7 495 232 1370      +7 495 937 6871

 +44 207 290 1095     +44 207 290 1096

 ir@evraz.com         media@evraz.com (mailto:media@evraz.com)

 

 

 

 

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