Demerger update

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

[phone]  / [phone]

Media Relations

[phone]  / [phone]

 

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