Update on interim dividend

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.

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For further information:

Investor Relations:

[phone]

[phone]

[e-mail]

 

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