Evraz Plc OWNERSHIP AND CONTROL, SUPPLY OF STEEL (4044E)
10 Marzo 2022 - 9:57AM
UK Regulatory
TIDMEVR
RNS Number : 4044E
Evraz Plc
10 March 2022
10 March 2022
FOR IMMEDIATE RELEASE
EVRAZ plc ("EVRAZ" or the "Company") - OWNERSHIP AND CONTROL OF
THE COMPANY, SUPPLY OF STEEL BY THE GROUP
Further to the extension of the UK Sanctions List published on
10 March 2022, the Company wishes to make the official statement on
the current shareholding and effective control of the Company.
The Company confirms that Mr Roman Abramovich is one of the
significant shareholders of the Company with a direct holding of
417,767,314 shares, which constitutes 28.64% of the issued
capital.
Under the relationship agreement with Mr Roman Abramovich, he is
entitled to appoint up to 3 directors. The current composition of
the Board is 11 members, among which there are 6 independent
non-executive directors. Over the last 5 years, only 2 directors
have been appointed by Mr Abramovich.
Having regard to the above, the Company does not consider Mr
Roman Abramovich as a person exercising the effective control of
the Company as he:
- does not hold (directly or indirectly) more than 50% of the
shares or voting rights in the Company;
- has no right (directly or indirectly) to appoint or remove a
majority of the board of directors of the Company;
- is not able to ensure the affairs of the Company are conducted
in accordance with his wishes, including:
-- appointing solely by exercising his voting rights, a majority
of the members of the administrative, management or supervisory
bodies of the Company;
-- controlling alone, pursuant to an agreement with other
shareholders of the Company, a majority of shareholders' voting
rights in the Company;
-- having the right to exercise a dominant influence over the
Company, pursuant to an agreement entered into with the Company, or
to a provision in its Memorandum or Articles of Association;
-- having the right to exercise a dominant influence referred to
in the point above, without being the holder of that right
(including by means of a front company);
-- having the ability to direct another entity in accordance with his wishes.
In view of the aforesaid, th e Company considers that the UK
financial sanctions shall not apply to the Company itself.
Furthermore, the Company denies the statement that it is or has
been involved in providing financial services, or making available
funds, economic resources, goods or technology that could
contribute to destabilising Ukraine or undermining or threatening
the territorial integrity, sovereignty or independence of Ukraine -
which includes potentially supplying steel to the Russian military
which may have been used in the production of tanks.
The Company confirms that it supplies long steel to
infrastructure and construction sectors only.
###
For further information:
Investor Relations: Media Relations:
+7 495 232 1370 +7 495 937 6871
+44 207 290 1095 +44 207 290 1096
ir@evraz.com media@evraz.com
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END
MSCKZGMFKGKGZZM
(END) Dow Jones Newswires
March 10, 2022 10:57 ET (15:57 GMT)
Evraz (LSE:EVR)
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De Mar 2024 a Abr 2024
Evraz (LSE:EVR)
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