11 Mar 2022 12:35
RNS Number : 5340E
Evraz Plc
11 March 2022
11 March 2022
EVRAZ plc ("EVRAZ" or the "Company")
Demerger update
EVRAZ announces today that it suspends the process of the demerger of its coal assets consolidated under PJSC Raspadskaya (the "Demerger") indefinitely as the Company anticipates clarification regarding regulatory restrictions, both from the Office of Financial Sanctions Implementation (OFSI), HM Treasury, following the Financial Sanctions Notice issued on March 10th, 2022 and from the Russian authorities on the shareholder rights to dispose of the shares received as part of the demerger process.
For further enquiries:
Investor Relations
+44 207 290 1095 / +7 495 232 1370
Media Relations
+44 207 290 1096 / +7 495 937 6871
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Evraz (EVR)