Last checked at 21 Jul 2022 18:15
EVRAZ plc (EVR) EVRAZ plc: Response to press speculations 21-Jul-2022 / 20:15 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Response to press speculations
21 July 2022 – EVRAZ plc (“EVRAZ” or the “Company”) notes recent press speculations regarding supply of materials for Russian military.
EVRAZ denies the speculations that the Company is or has been supplying products to the Russian military which may have been used for the military purposes. EVRAZ in Russia supplies products to infrastructure and construction sectors for civilian use only.
EVRAZ implemented sanctions compliance system in 2014 which screens every customer and identifies red flags. To eliminate sanctions, economic and reputational risks the Company verifies the end-users of products and secures their civil use by special clauses in contracts. The Company is not aware of its products being used for military purposes.
Suggestions about potential use of EVRAZ’s steel, vanadium and other products for military purposes indicate not only the misunderstanding of steel industry’s base principles, but the lack of knowledge about EVRAZ’s product range as well.
Due to its public status, EVRAZ’s product portfolio is very transparent and is regularly audited by independent audit companies. The whole and exhaustive product catalog is indicated in details in the latest EVRAZ Annual Reports on the link https://www.evraz.com/en/investors/reports-and-results/annual-reports/ .
### For further information:
Investor Relations: +7 495 232 1370 +44 207 290 1095 ir@evraz.com
Media Relations: +7 495 937 6871 +44 207 290 1096 media@evraz.com
|
| ISIN: | GB00B71N6K86 |
| Category Code: | MSCM |
| TIDM: | EVR |
| LEI Code: | 5493005B7DAN39RXLK23 |
| Sequence No.: | 176428 |
| EQS News ID: | 1403515 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.