Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My point was, How are they going to give you your shares back? Yes, they have them but to give them back to you they would need to deal with EVRAZ directly in contravention of sanctions.
As I said, this is my understanding, which is why I am taking my shares in paper form. My situation is quite different to others however and so each must make up their own mind about where they want to keep the shares.
As I gain nothing from ISA, no reason to cling onto the tax free wrapper to hold the shares under.
Golongterm, my understanding of this situation is that HL are giving the cut off date for the paper certs as the 12th to ensure that they can transfer the shares to the PI's in time before EVRAZ no longer have access to CREST.
After the 19th of August, the share register will be held and maintained by an inhouse team at EVRAZ. As long as EVRAZ are sanctioned, HL cannot issue paper certificates after the 19th of August as that would break sanctions rules.
If you do not have the paper certificate and EVRAZ list on another exchange, you will still not be able to trade the shares as EVRAZ are still sanctioned.
That is my understanding which is why I chose to take the paper cert and have more control. I am not resident in the UK so have a little more freedom if EVRAZ do trade again, I hope!
I may be wrong in my assumptions above, but I have no benefit from holding my shares in my ISA (Overseas, no tax benefit from an ISA)
I am removing mine and my wife's shares from HL into paper form, even though they are mostly held in ISA accounts.
Reasons:
1: I am no longer UK resident so the ISA wrapper is not important unless I move back to the UK (Not a chance in hell that is going to happen!)
2: As I am resident in a country that does not have sanctions against EVRAZ, should they start paying dividends again through some convoluted route/back door, I may be able to receive them. If the shares were still registered as HL there would be no chance of that.
3: If EVRAZ do list on another exchange, if I have the paper form I can/may find a broker that can/will deal on whichever exchange they are listed on.
If/when EVRAZ are relisted on the LSE, I can opt to put the shares back into my share account with HL if I wish. As I said, the ISA wrapper is irrelevant to myself and my wife as the country we reside in taxes all income no matter where it comes from or whichever wrapper it is under.
HL have now added a corporate action onto the EVR holdings in the accounts. ISA holdings are confirmed as also qualifying for a paper certificate.
No charge for certificate, but still not sure what to do. If these shares trade on another market, HL should be able to sell them, if they move to MOEX, probably worth the same as the paper certificate on it's own anyway.
No, it's probably because you are an annoying D**K
So sorry JeanAvril, I promise never to use any phrases which you may find offensive..... Apart from one, Go F*** yourself
All these people stating that sanctions should be lifted need to take a breath and think about the situation here.
1. RA Has proven that he is clearly close to VP (Delivered a handwritten note from Zelensky).
2. The UK government are making an example of all Oligarchs to prove a point.
3. If RA has fallen out with VP, what are the chances that EVR will now just be taken over by VP and his gang?
4. Was RA complicit in the action to deliver the poison (I have no idea, but nor do you).
There are many other questions, but I don't see this working out well, at least in the short term. If he is a friend of the UK, then he isn't of VP. Devil and the deep blue if you ask me.
@Blue83, the link to RA and Ukraine is that his mother is Ukrainian.
I wouldn't want to be in his shoes now he has upset VP by delivering the letter. Novichock anyone??
Could do with this senseless war ending and preventing the loss of countless innocent lives (On both sides), but hey, you concentrate on your bottom line.
Unsure if RA subscribes to LSE so may not see your question below :-)
Besides which, I think LSE is banned as a "Terrorist" organisation (I can believe it reading some of the posts on here!)
YAWN!!!!!!!!!!!!!!!!!!!!!!
I am going to listen to ProtraderX and Porsch and put all my shares up for 1p and hope that someone buys them as soon as the share is listed again.
In other news, a flying Unicorn being ridden by a Leprechaun has just flown out of my a*&e and collided with Father Christmas's sleigh being pulled by flying reindeer.
F***wits
As opening an RNS is so difficult for you DopeyLou, here it is:
22 March 2022 - further to the announcement made on 21 March 2022, EVRAZ plc (the "Issuer", the "Company") wishes to communicate that the Bank of New York Mellon, London Branch (the "Principal Paying Agent"), informed the Issuer that the amount for a regular coupon payment due on 21 March 2022 under outstanding principal amount of US$704,099,000.00 Notes due 2023 is NOW settled with the relevant account of the Principal Paying Agent.
The Company is fully committed to fulfil its payment obligations due on 4 April 2022 under its $700,000,000.00 Notes due 2024.
Errrr......Won't they? Not very good at reading then.
EVR is solvent, they have the funds to pay but banks won't process even though the company is not sanctioned in any way, shape or form.
It is about time that EVR put out a meaningful RNS stating exactly what they are doing to rectify this situation (I assume their very expensive lawyers are at least doing something for all that money!!) rather than asking PI's to fill in a petition, which by the way will have about as much effect as standing in front of 10 Downing Street stamping your feet and crying.
No need to apologise, probably just me not fully understanding what was being said......... Usual for me.
I agree, it is worrying. It is as if RA has no concerns because if the UK government continue with the sanctions, he will push for the company to list in a friendly country (Maybe Russia, maybe somewhere else).
However this goes, at the moment I have £XXX's tied up in a company that cannot be traded but continues to do business around the globe. If it all goes south, I currently have nothing anyway so won't be a big problem as I have already written this off of my portfolio.
If we manage to get back to trading, I will be happy as there is really only one way this share will go in the long run.
Good luck
RA didn't actually leave his EVR holding as it was. On the 16th February there was an RNS that showed that he transferred the shares from a holding company and took direct control of them.
"Mr Roman Abramovich held an indirect economic interest in 417,767,314 ordinary shares of EVRAZ plc held by Greenleas International Holdings Ltd prior to such shares being transferred to and held directly by Mr Roman Abramovich."
Not sure why he did that, unless to avoid them being sanctioned/confiscated??
Strange how Loco123 has only been posting since the short positions have looked like being shafted.
If you are a shorter Loco123, I really hope you lose your shirt, along with all the other leaches.
@Shannonlaw93, are you aware of sarcasm???
Every man and his dog knows this share is suspended, some people are making light of the fact.
Wow. And I thought all the looney tunes had left this BB.
You either have no idea what you are talking about, or are an absolute muppet. Either way, get a life and stop taking s^&te