t
EVRAZ plc issued a clarification on October 28, 2021, regarding the potential demerger of its coal assets, following previous announcements on January 26, April 15, and August 5, 2021. The Company is continuing to undertake work on the structure for this potential demerger. As of this date, the Board has not yet taken a final decision on whether to undertake the demerger.
| Date | 28 Oct 2021 |
| Time | 17:01:38 |
| Category | Miscellaneous |
| ID | 6335Q |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH 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 Сompany'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
[email protected]