"You will not be able to sell your shares as long as you hold them in dematerialized form."
Assuming company sanctions remain in place: (a) sell to whom, exactly? (b) the sanctions were described on the the Gov's website as an "asset freeze" and that "means no UK citizen or company can do business with" Evraz, so would selling be in breach of the sanctions?
infinity888 - Not sure your analysis about the risks of remaining dematerialised with a broker/investment platform is in any way correct, and nor is your repeated assertions that the sanctions are illegal.
Keeping them a nominee account will also mean your personal details will not be held by another party, which in the case of the Evraz share register, might be on a server in the Russian Federation (that's just me being cautious).
RE: Nominee Account vs Personal Certificates23 Jul 2022 11:08
Does anyone know the legal jurisdiction in which the Evraz share register will be held (for instance, will the data be held in the Russian Federation)? This will certainly affect my decision while they're not tradable on whether, if the option is available with my investment platform to remain with them, to stay there or alternatively to obtain share certificates.
TUI aren't suspected of supplying holidays to the Russian military, or to Russians that could be supporting the war effort, partly because they no longer have any operations in Russia - that would be my guess why, but I'm open to alternative perspectives. But like RA, the oligarch invested in TUI is sanctioned and cannot trade.
The main differences with TUI oligarch are that TUI has no operations in Russia, and no one is saying that TUI are involved in supporting the Russian war effort. It's an EU sanction and he is prevented from realising any proceeds or profits from his investment in TUI, plus "TUI itself no longer has interests in Russia, having sold its remaining stake in tour operator Togebi Holdings in March 2021." https://www.hospitalityinsights.com/content/russian-oligarch-quits-tui-board-after-eu-imposes-sanctions
Moving it's listing to anywhere in the west (Europe, USA, Canada, Japan, etc.) in the current situation is highly improbably, if you ask me, falling at the first due diligence hurdle.
In aggregate, the vast majority of the shares on MOEX are owned by non-Russian entities - 80.7% as of 1st July 2021, according to MOEX itself. Most of these probably want to sell, but are currently prevented from doing so by Russian legislation. https://www.reuters.com/article/us-russia-moex-idUSKBN2EZ1XU
If Poly follows the same foreign ownership levels (but I have no idea whether they do), the vast majority of shareholders likely wouldn't want any Russian assets. This may complicate things!
The shares won't disappear. If HL can't find away to get their clients off their own books, then they'll receive a share certificate for the aggregate amount of client shares - I'd imagine they wouldn't want that at all.
Anyone else concerned that holding shares in certificated form may mean potentially having personal details held on a Russian server - or is it just me?
BUYSELLREPEAT - I'm sure that's just the news everyone's been eagerly waiting for - so if he lives to, say 90 plus, would you say there'll be another 20 years or more of sanctions?
Said to have taken Israeli citizenship in May 2018, and then Portuguese citizenship in April 2021. His UK visa was thought to have expired in April 2018.