The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Thank you so much for this posting. ; I only read the Free guardian page so never saw this. Lets hope it gives RA the hope to
counter attack all his sanctions by this unelected and unelectable UK regime. EVRAZ PLC to regain the FTSE 100 STATUS.
Not Evraz, but it shows that steel companies have real value, not just 80 or so cents a share.
https://qz.com/why-japans-nippon-steel-is-spending-big-to-buy-us-steel-1851110434#:~:text=Japan's%20Nippon%20Steel%2C%20the%20world's,for%20%2414.9%20billion%20in%20cash.&text=The%20deal%20to%20purchase%20the,a%20buyer%20Nippon%20Steel%20is.
The new book "how to win friends and influence people" by the UK Gov regime foreign secretary david Cameroon.
Not too sure if President Trump elect ,Mike Johnson and Marjorie Greene have read it.????????????. Cant possibly understand why not !
My shares will never be for sale ; even when Evraz plc regains FTSE 100 status .For the uninitiated Evraz PLC is a UK based global enterprise. Instigated by some very clever Russian Billionaires.
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.