Evraz Plc Clarification regarding the potential demerger (6335Q)
October 28 2021 - 12:01PM
UK Regulatory
TIDMEVR
RNS Number : 6335Q
Evraz Plc
28 October 2021
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JURISDICTION
FOR IMMEDIATE RELEASE
28 October 2021
EVRAZ plc ("EVRAZ" or the "Company") - Clarification regarding
the potential demerger of its coal assets (the "Potential
Demerger")
Further to the investor call held earlier today to discuss the
Company's Q3 2021 trading update, the Company wishes to clarify its
position regarding the Potential Demerger.
Further to the Company's announcements on 26 January, 15 April
and 5 August 2021, the Company is continuing to undertake work on
the structure for the Potential Demerger, but no final decision has
yet been taken by the board of EVRAZ (the "Board") as to whether to
undertake the Potential Demerger. There can be no assurance that
the Potential Demerger will be undertaken and the Board will
continue to keep shareholders updated through further announcements
as appropriate.
About the Company
EVRAZ is a vertically integrated steel, mining and vanadium
business with operations in the Russian Federation, the USA,
Canada, the Czech Republic and Kazakhstan. EVRAZ is among the top
steel producers in the world. A significant portion of the ompany's
internal consumption of iron ore and coking coal is covered by its
mining operations. EVRAZ is listed on the London Stock Exchange and
is a constituent of the FTSE 100 index.
For further information:
Investor Relations
+7 495 232 1370
+44-207-290-1095
ir@evraz.com
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