Source - LSE Regulatory
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 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.
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.
