Special dividend-Determination of currency amounts

RNS Number : 3256K

Evraz Plc

24 June 2014

 



EVRAZ plc (the 'Company')

Special Dividend in respect of the year ended 31 December 2013 - Determination of Currency Amounts

24 June 2014 - At the annual general meeting on 12 June 2014, the shareholders of EVRAZ plc approved a special dividend of US$0.06 per share. The dividend will be paid on 7 July 2014 to ordinary shareholders who were on the register on 6 June 2014.

The special dividend will be paid in U.S. dollars, although certain shareholders have elected to receive their dividend payments in Pounds Sterling and Euros.

The Pound Sterling and Euro amount payable has been determined by reference to the exchange rates of the Central Bank of Europe applicable to the U.S. dollar on 23 June 2014. These rates are as follows:

USD/GBP = 0.5876

USD/Euro = 0.7978

Accordingly, for non-U.S. dollar payments the amount payable per share will be:

Pounds Sterling:       3.5256p

Euro Rate:                4.7868 Euro Cents

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For further information:

Investor Relations:

Sergey Belyakov

Director, Investor Relations

London: [phone]     Moscow: [phone]

[e-mail]

Company Secretary:

TMF Corporate Administration Services Limited

London: [phone]    

[e-mail]

EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Kazakhstan, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top steel producers in the world based on crude steel production of 16.1 million tonnes in 2013. A significant portion of the company's internal consumption of iron ore and coking coal is covered by its mining operations. The company's consolidated revenues for the year ended 31 December 2013 were US$14,411 million, and consolidated EBITDA amounted to US$1,821 million.

 

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