REG - Evraz Plc - Dividend - Determination of Currency Amounts
EVRAZ plc (the 'Company')
Final Dividend for year ended 31 December 2011 - Determination of Currency Amounts
9 July 2012 - At the annual general meeting on 18 June 2012, the shareholders of EVRAZ plc approved a final dividend of US$0.17 per share. The dividend will be paid today to ordinary shareholders who were on the register on 8 June 2012.
The final dividend will be paid in U.S. dollars, although certain shareholders have elected to receive their dividend payments in Pounds Sterling and Euros.
The Pound Sterling and Euro amount payable has been determined by reference to the exchange rates of the Central Bank of Europe applicable to the U.S. dollar on 21 June 2012. These rates are as follows:
USD/GBP = 0.6369
USD/Euro = 0.7893
Accordingly, for non-U.S. dollar payments the amount payable per share will be:
Pounds Sterling: 10.8273p
Euro Rate: 13.4181 Euro Cents
For further information:
Director, Investor Relations
London: +44 207 832 8990
Moscow: +7 495 232 1370
TMF Corporate Administration Services Limited
London: +44 207 832 8922
EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy and South Africa. EVRAZ is among the top 20 largest steel producers in the world based on crude steel production of 16.8 million tonnes in 2011. In 2011 EVRAZ sold 15.5 million tonnes of steel products. A significant portion of the Group's internal consumption of iron ore and coking coal is covered by its mining operations. The Group's consolidated revenues for the year ended 31 December 2011 were US$16,400 million and consolidated adjusted EBITDA amounted to US$2,898 million.
This information is provided by RNS