United Company RUSAL Plc: Inside Information Announcement

11-Apr-2018 Intellasia | BusinessWire | 5:20 AM Print This Post


United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of
Hong Kong Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness
and expressly disclaim any liability whatsoever for any loss howsoever
arising from or in reliance upon the whole or any part of the contents
of this announcement.

(Incorporated under the laws of
Jersey with limited liability)

(Stock Code: 486)


This announcement is made by the Company pursuant to Rules 13.09 of the
Rules Governing the Listing of Securities on The Stock Exchange of Hong
Kong Limited and the Inside Information Provisions under Part XIVA of
the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong

On 10 April 2018, The London Metal Exchange (“LME”) issued a
notice to explain the decision, following last week’s US sanctions
affecting the Company (the “Notice”). According to the Notice,
effective from April 17, 2018, primary aluminum ingots from any of the
Company’s brands will not be allowed to be placed on warrant (delivered
to LME-approved warehouses) unless the metal owner can demonstrate to
the satisfaction of the LME that it will not constitute a breach of the
US sanctions.

The Company is currently evaluating the effect of the Notice and will
make further announcement(s) as soon as possible following further
evaluation of the situation.

Shareholders and potential investors are advised to exercise extreme
caution when dealing in the securities of the Company.

  By Order of the Board of Directors of
United Company RUSAL

Aby Wong Po Ying
Company Secretary

11 April 2018

As at the date of this announcement, the executive Directors are Mr.
Vladislav Soloviev and Mr. Siegfried Wolf, the non-executive Directors
are Mr. Oleg Deripaska, Mr. Maxim Sokov, Mr. Dmitry Afanasiev, Ms.
Gulzhan Moldazhanova, Ms. Olga Mashkovskaya, Ms. Ekaterina Nikitina and
Mr. Marco Musetti, and the independent non-executive Directors are Mr.
Matthias Warnig (Chairman), Dr. Elsie Leung Oi-sie, Mr. Mark Garber, Mr.
Dmitry Vasiliev and Mr. Bernard Zonneveld.

All announcements and press releases published by the Company are
available on its website under the links


United Company RUSAL Plc


Category: BusinessWire, PRAsia

Print This Post

Comments are closed.