Evraz Plc Update on interim dividend (2369E)
March 09 2022 - 11:12AM
UK Regulatory
TIDMEVR
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
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END
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