Evraz Group
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22 December 2008 г. | 10:00
Evraz changes dividend policy
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Evraz Group announces that the Company’s Board of Directors has approved a change in Evraz’s dividend policy.Beginning with the final dividend for 2008, Evraz will pay dividends not exceeding 25% of its consolidated net income, as calculated under IFRS. Since the Company’s initial public offering in June 2005, the Company’s dividend policy had been to pay no less than 25% of its consolidated net income through the cycle.The change reflects the Company’s intention to ensure prudent cash management in the current challenging market environment.
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