We would love to hear your thoughts about our site and services, please take our survey here.
The tone of the RNS is very disappointing. There is no peace of mind right now for the private investors.
There is no way this share is getting to 600p in a couple of months post-demerger
It depends on the nature of the de-merger. In this case the de-merger was the result of an extensive investigation by the board of Evraz, who decided that it was in the best interest of Evraz shareholders to proceed with the de-merger to help separate the 'dirty' business from the rest of the organisation, hopefully making us a more attractive investment in the era of ESG.
The drop was caused by a long-planned de-merger.
I can't link right now, but there is an investor document on the evraz website that lists the tax implications.
Some of these new posters are causing me anxiety - but not as much anxiety as when I saw we were 33% down yesterday when I was driving to work (completely forgetting about the de-merger date and jumping to the incorrect conclusion about Ukraine!)
Anyway, good to see the polite new posters on here and I hope they stick around. I'm sure the rude ones will filter off to other stocks once the price volatility has disappeared.
Demerger of PJSC Raspadskaya (RASP).
You will receive a cash entitlement to 0.425547788 of a New PJSC Raspadskaya share for each Existing EVRAZ share held on the Ex-entitlement Date. The company has informed us that the Ex-entitlement date should be announced on or around 9th February 2022.
Due to the demerger we will no longer be able to accept any new purchases or transfers in for EVRAZ shares until after the Ex-entitlement date. This includes regular investments and purchasing TradePlans. All existing regular investments, and purchasing TradePlans will be deleted.
Important Information & Other Key Dates:
On 16th April 2021, EVRAZ announced a proposed demerger of the Company's Russian based coal mining business PJSC Raspadskaya (RASP). The demerger will entitle holders to 0.425547788 of a RASP share for each existing EVRAZ share held on the Ex-entitlement date. The company has informed us that the Ex-entitlement date should be announced on or around 9th February 2022.The demerger will be implemented by way of a Dividend in Specie of RASP shares.
As all trading in RASP shares is currently on the Moscow Stock Exchange, we will be unable to hold the RASP shares after the demerger therefore any RASP shares to which you are entitled will be sold via the Share Sale Facility (SSF) offered by EVRAZ. You will receive a cash entitlement when the SSF has completed. EVRAZ have anticipated that the sale of RASP shares could take up to 6 months to complete.
If you wish to receive RASP shares from the demerger you will need to establish an arrangement with an alternative broker and have the EVRAZ shares transferred to them by 14th February 2022. You will need to instruct the alternative broker to arrange the transfer with us which will be done at no cost. Please check that the receiving broker can hold RASP shares prior to the transfer.
The demerger means shareholders will continue to hold EVRAZ shares. EVRAZ will continue to be listed and traded on the London Stock Exchange.
Should you wish to find out more information about the demerger and the SSF, please visit the EVRAZ website and read the circular which provides detailed information. The website and circular can be found at www.evraz.com/
Cash massively up - approx $90M now.
The invasion risk is balanced against the still-crazy gas prices. NS2 being delayed again can only be positive for gas plays (not for us consumers however!)
Wow £1M in your ISA! That's where I want to be one day, fingers crossed. Congratulations pal.
You might have spoken too soon!
I assume gas prices are heading back down?
It’s up 8% today, incredible move.
Huge volume and now 47p has just been paid. If there is a leak then it must be good news
Something is going on as we have just passed the 52wk high and volume is already 200k+ for the day.
I believe that may be a 52wk high? Good to see some strong volume this morning to support the rise
Thanks David
Do we know what day the trading update will be released?
Also good to see sp back up at levels not seen since August.
Surely the drop was caused simply by Putin's comment rather than a tree shake?
nt