Member Info for Multibaggerjim

£15 may seem optimistic as things stand but my opinion is: everyone as an individual who has registered for paper certificates are individuals and not company’s which are registered directly with Evraz. Hargreaves’s lansdown and other brokers may have registered with Evraz but the problem is these are companies, British companies that cannot do any form of business with Evraz . This means all shares held with brokers wether it be in sipp Isa or normal share account after the deadline today will be void. Evraz gave us the nod when they put the rns out telling us to get the certificates or we won’t be registered with them. So all future dividends will only be split between the names on evraz’s register excluding British companies like all the brokers.
Dyor
Gla

£15 a share

Funny how today was deadline for paper certs and then the rns landed, I’m just glad I got my certificate Through and the letter from Evraz , I’ve now logged in to my account with computershare and can do all necessary votes ect. Providing bank sort and account number and choosing euros or pounds sterling excites me knowing potential future dividends can be paid to me wether it be from Evraz account or a different off shore account. Will sit tight and wait now
GLA

Ricardo, do you expect an RNS everyday since the permits where applied saying the permits having been granted yet? The information they gave was what we already know, if the permits had been granted we would have an RNS telling us

That looks a bit gloomy to me, those of us who have requested paper certificates have had a letter directly from Evraz wanting us to give nominated bank account for future dividends and a personal login with computershare to see messages and voting rights ect, not sure how this will effect people who’s shares are not in there name after the register is handed over.

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Corporate/Sanctions-possible-impact-on-dividends-and-other-corporate-actions

https://www.evraz.com/files/en/sustainability/reports/EVRAZ-Payments-to-Governments-Report-FY2021.pdf

The government has to grant the license to pay there debt, government want there taxes from Evraz and they can’t receive there taxes and not allow others to be paid what is owed

It was the FCA that shut us down in the first place, I would stay well clear of them , nothing we can say or do will change a thing on this matter, our brokers are the only mouths the FCA are hearing

Pestering HL won’t speed anything up, they have professional body’s working on this right now and when they know the options they will be in touch

What I read in an earlier thread is that moving the shares from an Isa or sipp into a normal account so the paper certificates can be issued from the normal account to yourself would make sense and be the simplest way around it, although that might not seam fair, you have to look at the situation Evraz are in and we should think our selves lucky that we haven’t gone down the pog route

I will be if possible getting a paper certificate, there will be a charge for this I’m sure but at least I will be registered with Evraz if they do go to another exchange and if they eventually resume on lse then I will send my certificate back to HL and continue as I were before the sanctions
Gla

When I spoke with HL about 2 weeks ago they said there team was looking into it and they would make contact when they come up with any options , until they do I’m waiting patiently

No mine are in a normal shares account with HL

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1094659/General_Guidance_-_UK_Financial_Sanctions__Jul_2022_.pdf

Page 11 says dividends are not allowed with a sanctioned business

I think there giving us the chance to get out via a paper cert wether there in normal or isa accounts. Under the circumstances getting out with a paper cert registered on evrazs register is better than losing the lot , with the amount Evraz and rasp are making we will probably get our money back in dividends anyway so I wouldn’t worry to much

If you look at it like that then your not actually getting anything out financially to spend, at the end when you do draw it out for your pension you will be taxed 20% on it so either way wether it’s now or later in life you will still get taxed on it

Your income is income tax, your share profits or dividends are capital gains tax

Your allowed around £13000 capital gains tax free, tax would be £1400 at 20% on &£7000

How things get sorted there is a huge dividend waiting for us from both Evraz and rasp, there making billions upon billions and the share holders need there slice of the cake