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I would rather my Evraz shares remain worthless then see the Russian war criminals take Ukraine.
Dont sell your shares. Really needs patience. Ucrane needs total capitulation.Hurry up so that EVR is sanction free.
Joao is Andrey .
Keep your shares guys. Just hang in there we will be fine , it may take a couple years but we will be fine in the end.,
Russia and Ukraine have to negotiate at some point it’s inevitable . The inevitable truth of war is they all end in negotiations! That doesn’t mean as allies, it means peace as enemies, but it always ends in negotiations!
Hello Prionace,
I might be interested in your shares.
How can I get in touch?
You can find me on telegram.
I have the same username there as on this forum.
Kind regards,
Joao
Nice rise today. Always makes me happy.
I am quietly confident that there is a half baked scammer Rusky on this site who would be an ideal applicant. Lets hope theres no internet access where its going.?
Seems like nobody is interested. Wonder why?! 😁
I have ~5100 shares that I'd be willing to sell.
£5k
Part 2 If successful, the claim will result in the suspension of the Company's shareholder rights in relation to the Subsidiary and the subsequent distribution of shares of the Subsidiary between the holders of the DRs and the ultimate owners of the Company. The subsidiary will be transformed into an open joint-stock company with shares listed on the Moscow Exchange.
If the Court grants the claim, it will entail certain risks for the Company's shareholders and beneficiaries, as previously disclosed in the Company's 2023 Annual Report. Some X5 DR holders may not be able to participate in the procedures proposed by the Law or may encounter significant difficulties in doing so. Non-Russian shareholders who participate in the distribution of shares of the Subsidiary will also be subject to temporary Russian restrictions relating to dealing in securities and receiving dividends, placing securities and any future dividends in so-called S accounts. The law provides for possible cash compensation at market value for unallocated shares of the Subsidiary, however, payment of such compensation will require obtaining approvals in accordance with temporary Russian regulatory rules regarding cross-border financial transactions. As a result, DR holders who do not participate in the distribution may be unable to recover their investment and the value, profitability and liquidity of their DRs may be adversely affected.
• X5 CEO Igor Shekhterman and X5 President Ekaterina Lobacheva will retire from the Company's Management Board and will continue to perform their responsibilities in managing the Subsidiary, focusing on developing and maintaining the stability of Russian retail operations.
As a result of these changes, the Management Board and the Supervisory Board of the Company will consist of two and three members, respectively. The Board of Directors of the Subsidiary will consist of six members, including three new members appointed on March 27.
In order to further develop the corporate governance system of X5, the Management Board of the Subsidiary in Russia, which previously consisted of nine members, is being dissolved.
Reference Information:
X5 Retail Group NV (ticker on the London Stock Exchange and Moscow Exchange - FIVE; Expert RA rating - ruAAA, ACRA - AAA (RU)) is a leading Russian food retail company that manages stores of several retail chains: convenience stores Pyaterochka ", supermarkets "Perekrestok", "hard" discounters "Chizhik", as well as the chains "Krasny Yar" and "Slata". The company takes a leading position in e-commerce, developing digital businesses Vprok.ru, 5Post, express delivery and “Much Salmon”.
As of December 31, 2023, the Company operated 24,472 stores with leading positions in Moscow and St. Petersburg
X5 Retail Group today's message - This is what will happen to Evraz PLC later this year
X5 RETAIL GROUP NV ANNOUNCES THAT IT HAS RECEIVED NOTICE OF THE APPLICATION OF THE MINISTRY OF INDUSTRY AND TRADE OF THE RF ON THE SUSPENSION OF CORPORATE RIGHTS TO ITS RUSSIAN SUBSIDIARY
Amsterdam, March 29, 2024 – X5 Retail Group NV (“X5” or the “Company”, ticker FIVE on the London Stock Exchange (LSE), which operates the Pyaterochka, Perekrestok and Chizhik retail chains ", reports that the Ministry of Industry and Trade of the Russian Federation has notified the Company of an application to the Arbitration Court of the Moscow Region (the "Court") to suspend the Company's corporate rights in relation to its Russian subsidiary LLC "Corporate Center X 5" ("Subsidiary").
In accordance with the provisions of Federal Law of the Russian Federation No. 470-FZ of August 4, 2024 (the “Law”), the Court must make a decision on accepting the application within one business day from the date of its filing. If the Court accepts the application, the trial itself will take at least five days and no more than one month from the date of acceptance of the application.
During the period of litigation, the Court may, in its discretion, grant interim measures that may limit certain of the Company's rights in relation to the Subsidiary. These measures may include prohibiting you from voting at a general meeting of shareholders, alienating your shares in the Subsidiary, or receiving distributions from the Subsidiary's net profits.
The application requests the Court to limit the rights of the Company's shareholders in relation to the Subsidiary; convert shares owned by the Company into treasury bills; and further follow the procedure provided for by the Law, requiring Russian holders of the Company's depositary receipts (DRs) and its ultimate owners to accept the distribution of shares in the Subsidiary in proportion to their participation in the Company, as well as providing a similar right to non-Russian owners and beneficiaries of the Company. The application further states that the above rights and obligations will be accorded to the owners and beneficiaries of the depositary receipts as of the date of the Court's decision. The foregoing means that the purchase or sale of X5 DR after the above date of the Court's decision will not result in the purchaser receiving rights to participate in the distribution of shares of the Subsidiary. The Law also provides for a separate distribution procedure for holders of X5 DRs in Russian depositories through a process to be established by the Central Bank of Russia and which will not require holders of X5 DRs to apply for participation. However, the corresponding act of the Central Bank of Russia has not yet been issued
You can not imagine how many times were Biden/Bloomberg warnings called "scare mongering" before the war broke out in all Russian media and social networks in late 2021/2022. Russian media, Russian Foreign ministry etc went all out to claim that war is absolutely impossible and that Biden/Bloomberg are making this whole things up cause they are stupid/senile/out of touch/idiots. And then it all happened!!! If you had listened to Biden/Bloomberg you could have made a fortune. So, covering your head into sand is a very bad idea for your wallet. Evraz will be ESOed or even worse - sell the assets like Polymetal did. But as someone told me - they would rather burn the money than sell. That is stupid, but people buy into crypto scams all the time so who am i to judge you.
IM SO VERY VERY SORRY TO ANNOUNCE BUT MY SHARES ARE NOT FOR SALE AT £20 A SHARE. PARASITES FILTH AND SCUM PLEASE BE ADVISED ACCORDINGLY. RUSKY WAR DEFECTORS OBVIOUSLY INCLUDED.
Hi Andrey , thank you for your scare mongering and low ball offer.
I won’t be taking you up on your offer
Thank you
I can agree and admit that I was wrong about the ESO dates. But Putin said that it all should be finished by 31/12/2023 - so I really thought that it would start in September 2023 to get finished by the Putin's deadline. I have put enormous effort to transfer the shares to me as soon as possible so I truly thought that way about the dates. I still think that Evraz will still be ESOed this year. There are not that many options, I have pointed them out in the first post in this thread, and 100% Evraz PLC will that way or another part with the Russian assists, which are in my view 100% value of the Evraz PLC minus debt, since they are of strategic value for the Rus Gov. So - miracle, asset sale, ESO or nationalization. My view is ESO.
Andrey not sure why you still repeat your story. People can go back and deadline was September, than October, than December and final list is out and Evraz isnt on it.
So far all you said is just made up in your head. There many other companies would become more likely an ESO than Evraz.
Soon AGM.
Evraz was posting it earlier about why it will not become an ESO. You use only fear that menthal weak people selling to you. Seen in several chatgroups now warnings people speak out about you. Thats fact
It is funny how you went from ESO law is a scarecrow and will never be implemented to Evraz is not interested in ESO)
Evraz opinion on ESO does not matter, the law is written that way that the RUS Government and only the Government decides who gets ESO-ed! It is compulsory.
Rus Gov does not like that key steel mills and coal mines and vanadium factory are owned "by the enemy from UK" and Evraz will be ESOed no matter who you talk to. Also I hate when people like you pretend to know much and talk to the right people but won't others anything since it is "a secret". In most cases it turns out it is all 100% made up wet dreams.
Rus Asset sale will be a catastrophe for me as well as for you since we will get more or less z-e-r-o for the shares of the PLC in this case, I bet no one waited for it in Polymetal/Yandex but it happened.
I still see no one buying at 2 dollars, there are no such deals, you are lying.
Andrey
You compare companied which disinvest, run away from Russia. That is what you Call a firesale.
This is not the fact here for Evraz.
Evraz has zero interest and Not engaged to and ESO Discussion.
Andrey,
Severstal is a good Company to compare which pay out Dividends now. Evraz paid majority of a 700M Bond off.
Rasp which is owned 93% of Evraz 400M Bank loan, borrowed/invest 300M and has 700M Cash incoming. In fact I know that Evraz paid Russian Bank loans which had high yield interest.
Speaking to the Right people what you actual Not do.
You compare Evraz to companies which Sell there Little Russian Subs..
Evraz has Not such Plans neither the Russian Gov has engaged them for ESO … you speak clearly NOT to relevant people.
And at fact there Are 2$ per Share ESO Transactions happening.
Just for you all to understand the real prices here is today's news from Russia. The price is 2 bln for 18 bln of pure money just for the permission to take to UK 2 bpn out of 17! This is why the situation of not ESOing is so bad in my view, cause it would mean a sale like this.
Expobank buys HSBC subsidiary at 90% discount
03/21/2024, 15:31
Tatiana Voronova
The transaction amount could be only 2 billion rubles with the bank’s capital of 17 billion
The Russian subsidiary of the global investment bank HSBC is being sold at a record discount for the Russian market. Two sources familiar with the details of the deal confirmed this to Frank Media. One of them knows that the discount will be “significant”, i.e. much more than what is required by law. The second interlocutor indicates that an option was discussed in which it would amount to about 90% of the capital. Thus, HSBC Bank can leave with a minimal multiplier - with the bank’s capital of 17 billion rubles, the transaction amount could be about 2 billion rubles.
Infinity888 in Russia if you control the company you can make it send the production to you without receiving money as long as you want - see Rasp report for yourself. So $3,5 bln debt is by all means not gone, most money is in receivables that Evraz may/will never receive. As for competition - Magnitka MMK which is about the same as Evraz showed only $361 mln Free Cash Flow in 2023. Severstal/NLMK are more great iron ore companies, can not compare them to Evraz PLC.
No one is offering more than 1 pound and those offers pay with at least 120 days delay, after the share transfer which takes forever. And you have to trust them that they will pay you eventually! I am the only one proven and paying.
Just to reiterate Evraz PLC is a FTSE 100 global company. it is making massive amounts in turn over.
Once the unprecedented ,illegal and corrupt sanctions are terminated by Ricki Sunaksky and its unelected and unelectable regime. Evraz Plc will again regain its true status.
.
Andrey,
Evraz has not debt anymore.
You talk a negative show here.
Rasp is debt free and 720M$ account receivable as well 300M investment - thats 1B + above debt.
Evraz NA is not an external debt - owe money intracompany.
One bond is nearly paid off and second bond need only a special licence.
Before Evraz pay bonds off they paid there bank loans off as interest is higher
What you say is completely a lie and you know that. Competition in russia showed massive profits and so evraz will have same..
There are already buyers which buy at 1.5-2$ per share via OTC.
ESO will not happen to Evraz or why its not happen already.
Share trading: I am focusing more on buying out the institutional holders right now, but still offer best terms for individual investors who want to get real money for Evraz plc shares. I have just received from Evraz the certificates for the 4th of December 2023 deals, so if you sell to someone else who promises to pay you upon transfer – get ready to wait for 4 months and then may be get the transfer declined by the bank. I pay 100% on the day of the deal. My price is 0.8 gbp per share, more if you have a lot of shares. Contact me at chinaadr2021 at yandex.ru . Minimum amount 8000 shares, you have to be sane and sober. I have bought 15 people so far.
Evraz news:
ESO list first edition is out. ESO-ing means that Russian assets get torn away from the UK Plc under the mandatory 470 law. FIVE X5 – Russian top retail chain with 25 000 stores - another company I bought a lot is in this ESO list, I am very happy. Evraz PLC is not in this first addition of ESO list, but I have invested a lot of my own money into the idea that it will be eventually ESOed, so I put my money where my mouth is. The Russian Gov had claimed in 2023 that there would be one list of companies to ESO, so I thought it would include all the companies, but the Rus Gov decided to start with 6 first companies and then add others like Evraz. I have no idea when the second part of the ESO list will be out.
Raspadskaya coal company – the key subsidiary of Evraz and value generator - has released 2023 results. The results are ok, but the cashflow is bad. If you add the numbers starting with the Evraz 1st half of 2022 net debt of 3,5 bln dollars and calculate the debt on 31/12/2023 you can see that there is still a lot of debt. My estimate is 2,5 USD bln in debt on Evraz PLC combined. The main reason is that some huge customers of Evraz are not paying for the metal/coal send to them. This leads to Evraz essentially sponsoring some “unknown” (wink) Buyers. It is a common practice in Russia to do this if you don’t want to show the money.
This debt situation leads to variants for Evraz PLC fate:
1. Oligarchs manage to persuade the west to abandon sanctions and unfreeze everything before the ESO process hits. I think that it is almost impossible since there is no time left.
2. ESOing. Foreign shareholders lose almost everything if they don’t have a Russian wife/entity, oligarchs regain Rus assets.
3. Evraz PLC does what Polymetal and Yandex did – i.e. sells all Rus assets for debt plus a tiny amount of money to repay some Eurobonds debt. For me and you this is super bad, shares are a zero.
4. Russian GOV seizes all Evraz Rus assets for zero. There is a huge wage of nationalization right now in Russia as the war gains steam, so this can happen, but lets hope that oligarchs do nothing stupid.