REG - Evraz Plc - Update on interim dividend

EvrazAnnouncement

09/03/2022 16:15

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RNS Number : 2369E  Evraz Plc  09 March 2022

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

This announcement contains inside information

 

Update on interim dividend

 

9 March 2022 - further to the Company's announcement on 25 February 2022
regarding the declaration of an interim dividend of US$729 million (US$0.50
per share) to be paid on 30 March 2022 (the "Interim Dividend"), the Company
wishes to provide an update.

In the current circumstances, the Board of Directors (the "Board") no longer
considers the payment of the Interim Dividend to be in the best interests of
the Company and its shareholders.

Although the imposition of international sanctions against Russia and the
restrictions imposed by Russia to date have had no material direct impact on
day-to-day operations, trading or the financial position of EVRAZ, given the
uncertainties arising from the current situation in relation to Russia and
Ukraine, the Board has nevertheless decided to cancel the Interim Dividend.

The Board will continue to keep the payment of future dividends under review
and will keep shareholders updated through further announcements as
appropriate.

 

 

***

 

For further information:

 

Investor Relations:

+7 495 232 1370

+44 207 290 1095

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

 

 

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