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EVRAZ plc had previously announced an interim dividend of US$729 million (US$0.50 per share) on 25 February 2022, with a payment date of 30 March 2022. On 9 March 2022, the Company's Board of Directors decided to cancel this Interim Dividend.
| Date | 9 Mar 2022 |
| Time | 16:12:20 |
| Category | Corporate updates |
| ID | 2369E |
EVRAZ plc (the "Company" or "EVRAZ")
This announcement contains inside information
Update on interim dividend
9 March 2022 - further to the Company's announcement on 25 February 2022 regarding the declaration of an interim dividend of US$729 million (US$0.50 per share) to be paid on 30 March 2022 (the "Interim Dividend"), the Company wishes to provide an update.
In the current circumstances, the Board of Directors (the "Board") no longer considers the payment of the Interim Dividend to be in the best interests of the Company and its shareholders.
Although the imposition of international sanctions against Russia and the restrictions imposed by Russia to date have had no material direct impact on day-to-day operations, trading or the financial position of EVRAZ, given the uncertainties arising from the current situation in relation to Russia and Ukraine, the Board has nevertheless decided to cancel the Interim Dividend.
The Board will continue to keep the payment of future dividends under review and will keep shareholders updated through further announcements as appropriate.
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