2 Mar 2022 13:00
PAO Severstal (SVST) PAO Severstal: Severstal comments on the European Council Regulation (EU) 2022/336 as of 28 February 2022 02-March-2022 / 16:00 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Severstal comments on the European Council Regulation (EU) 2022/336 as of 28 February 2022
PAO Severstal (MOEX: CHMF; LSE: SVST) notifies that on 28 February 2022 the Council of the European Union designated certain persons to the list set out in Annex I to Regulation (EU) No 269/2014. These include Mr. Alexey Mordashov, Chairman of the Board of Directors and controlling shareholder of the Company.
The Company is closely monitoring the situation and assessing possible direct and indirect impact on its business and prospects. Severstal is one of the lowest cost producers in the world. The company's financial position remains strong and its debt level is low.
For further information, please contact:
Severstal Investor Relations Vladimir Zaluzhsky, Nikita Klimantov T: +7 (495) 926-77-66 vladimir.zaluzhsky@severstal.com; na.klimantov@severstal.com Severstal Public Relations Anastasia Mishanina T: +7 (495) 926-77-66 anastasia.mishanina@severstal.com
*** PАО Severstal is one of the world's most efficient metals and mining companies, working with customers and partners to create new products and integrated solutions from steel. The company's assets are located in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $11.6 million and EBITDA of $6 bln in 2021. Severstal's crude steel production in 2021 reached 11.6 million tonnes. |
| ISIN: | US8181503025 |
| Category Code: | MSCM |
| TIDM: | SVST |
| LEI Code: | 213800OKDPTV6K4ONO53 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 146384 |
| EQS News ID: | 1292515 |
| 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.