Evraz’s management doesn’t expects payment of dividends by results of 2014

Evraz’s management doesn’t expect the payment of dividends by results of 2014, the company’s senior vice president of finance Pavel Tatianin said in a conference call.

"I don’t expect that any decision on dividends will be made by results of the year," - he said, added that as a way to return capital to shareholders the company chose buyback.

At the same time, Tatianin pecified that in this case there is no question of any repurchase program. "The decision (on buyback) was adopted by the Board of Directors, this is a one-time solution based on the current situation," – said the senior vice president. He also said that as part of the Board a committee, which monitors the results of the shares buyback on a regular basis, was established. Depending on changes in the financial situation, the buyback, according to Tatianin, may be revoked.

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