Member Info for Stix01

I very much hope they don’t sell ENA
They don’t need the cash as they claim to have the money to pay the bonds albeit only sanctions are preventing them making the payments

Evraz North America is piling up loads of cash in their accounts and none is going to the main company
rasp is producing and making alot of cash so a sale is not needed to pay debt
And if they sell ENA then I believe we all would need compensating for the loss in value of assists just like they planned originally from the sale of rasp assists but the share price will not recover all that well when we exit suspension
ENA is probably the only thing keeping us from losing all our cash because I Am only thinking out loud but if ENA is sold then is very easy for the Russians to privatise and lock is all out of our investments.
Some may agree and others disagree but don’t see any good coming from a sale

Seems an odd move to sell NA Evraz
At last rns Evraz claimed they had the money to pay off the note holders but where restricted due to sanctions.
With Rasp still on thier books and making a lot of money and if all remember the sale of rasp fell through and was cancelled due to the sanctions so I can’t see how the regulators would allow a sale of highly profitable assets of NA
NA are making a lot of money but none of it is going to the main company and they are able to pay thier bills under special licenses, and should also have a bank load of cash so what happens to the cash pile if where sold.
As per rns 10th aug 2022 “ EVRAZ plc did not receive and does not plan to receive any income from the activities of ENA”
Unless I am not seeing something what benifit will a sale of the assets provide.

It has been months and months with no updates on if the sale is actually happening or any progress reports and I would of thought a sale would of already been completed by now.
Musk bought twitter mega fast and that deal involved a lot more money than this sale would generate.

Who knows when this will trade again.

evraz was temporarily suspended by the FCA in April/may 2022 then in November 2022 SANCTIONS where IMPOSED ON MR. ABRAMOV AND MR. FROLOV.

They said temporarily suspended but how long that will be is anybody’s guess, but the issues with the original wording of “may have” or “could have” in the original reason given in RNS is not proof neither has any update been given in media or from government to confirm this and no prof has been given suggest.

it has all gone very quiet. It would be useful to all if either Evraz updated everyone on what direction they are taking and if they are making a fight back if any or if the government gives evidence to back up the allegations, and usually if their was evidence of allegations I’m sure the media would’ve been all over this but seen or heard nothing

It looks like Europe and some organisations are softening stance on Russia and Belarus.

Both The Olympic committee want the countries to participate in the next games and now Wimbledon has lifted the ban for athletes provided they do not get funding from the state and compete as neutrals

If this continues then the uk govt can’t keep suppressing Evraz whilst it allows other organisations to start getting back to some normality

They are small steps but hopefully ones in the right direction for evraz

The uk along with European countries inc France has sold multi million pounds worth of arms since the 2014 war. Their have been numerous articles disclosing this.

Bp still has assists in Russia that have yet to be sold and are only written off but can just as easily be put back on their books.

Sunaks wife and family still has businesses in Russia and taken good dividends off them

A lot of people have been investing since before The war began inc the 2014 crimea.

Uk and Europe still buy gas and oil and have done since the war at inflated prices, even if not now directly through Russia they do so indirectly by middle countries.

Sanctioning Evraz is just a rain droplet in a lake if they wanted to strangle Russia they could of via oil and gas

The simple reason is the poster boy. The uk government use of terms “may have” “ could have” “potentially” is not proof they did and it is still yet to be proved

RA poster boy sanctioned by uk because his direct links to putin - everyone who knows or that was close to putin has been killed in some way or another so is he really that close as he still alive

The uk gov should either prove the allegations or drop sanctions- in uk you are innocent until proven Guilty

It is about time Evraz make a fight back through the courts.
The ukgov have been disgraceful but Evraz has rolled over and taken all the crap.

I hope other listing resumes soon but My concern is what are they hiding to not have started the legal fight back already

Having looked through the rns pages, Over the last few years I can see Q4 updates have been posted mainly between the 28th-31st January
And the Annual Financial Report usually between 28th February and 1st march

The board have been very quiet. Nothing else has been mentioned and disclosed about N/A assets. Also what plans they have on riding out the storm.
Nothing and no communication for months

hopefully we get some updates soon it has been long overdue.

I have read this regarding N/A Evraz which is an interesting read considering the assets are effectively up for sale.

A brief summary of The article below
“More than 100 Evraz employees will be laid off from Regina’s steel mill in February, according to the company.
The steel company plans to reduce its two-inch and 24-inch pipe production, resulting in layoffs at the Regina and Camrose, Alta. mills.

According to Yeats, high volumes of cheap imports from China and Korea are flooding the Canadian market and making it difficult to compete for business.
Over 100 workers will be temporarily laid off in Regina and more than 30 employees will be impacted in Camrose.”

The cut off date was the 19th for easy digital transfer but after that date they said people had the opportunity to transfer to paper but would have to fill out numerous forms and being paper it would be long delays to process
It was on the Q&A page on their website prior to the deadline however unsurprisingly I can not now find these pages if I do I will share the details

I was undecided what to do so did half and half holding both digital and paper with HalifaxOn viewing my account for digital it shows as a Pari Passu Issue has anyone encountered this and know what it means I did plan on contacting them but don’t intend to waste a whole day trying to get through to themThankyou in advance for any assistance given

It is a small segment copied and pasted but the full details can be found below

Chapter 5
Suspending, cancelling and restoring listing and reverse takeovers: All securities

https://www.handbook.fca.org.uk/handbook/LR/5.pdf

I think the person who mentions the 6months suspension is referring to this:

5
LR 5 : Suspending, cancelling Section 5.2 : Cancelling listing and restoring listing and reverse
takeovers: All securities
5.2.1 R
5.2.2 G
5.2 Cancelling listing
FCA may cancel listing .....................................................................................................
The FCA may cancel the listing of securities if it is satisfied that there are special circumstances that preclude normal regular dealings in them. [Note: article 18(2) CARD]
Examples of when FCA may cancel .....................................................................................................
Examples of when the FCA may cancel the listing of securities include (but are not limited to) situations where it appears to the FCA that:
(1) the securities are no longer admitted to trading as required by these rules; or
(2) the issuer no longer satisfies its continuing obligations for listing, for example if the percentage of shares in public hands falls below 10% (the FCA may however allow a reasonable time to restore the percentage, unless this is precluded by the need to maintain the smooth operation of the market or to protect investors); or
(3) the securities' listing has been suspended for more than six months;
(4) the securities are equity shares with a standard listing issued by a closed-ended investment fund where the closed-ended investment fund no longer has a premium listing of equity shares.
The FCA will generally seek to cancel the listing of an issuer's equity shares or certificates representing equity securities when the issuer completes a reverse takeover.
[Note: ¦ LR 5.6 contains further detail relating to reverse takeovers.]

The Evraz website has an Investor Q&A for termination of registrar services by Computershare.

From what I read and understand from it that those with shares are in electronic are unable to buy/sell on crest but they can still transfer to paper after deadline just is longer process.

They claim that those who don’t take paper option and hold your shares via CREST, you will not be able to sell them after August 19, 2022, unless you or your stockbroker (nominee) have received a share certificate.
You should be able to enjoy all other rights attached to your shares.

It might be a useful read for some

And we were sanctioned and suspended by fca to help protect investors.

It also does say it needs to be approved by uk, fca and others and if rasp fell through this could too especially if uk deem it not to help investors.

If it does go the way some predict then fca and uk government just failed and handed the big in command a glorious gift. But think if it does happen how the worst case scenario is predicated nobody will touch Russian assists for long time

Whatever the reason I think Evraz should of been more transparent and notified holders when asking them all to go paper.
Think is a sly move from them

Could it be they are losing money on the Americas if they have not received any income off it for the entire 2022 year it says at bottom of rns
Or could they be worried about future income in that they not generate much profit this year due to sanctions and are selling before they are forced into a Pog situation
I thinking out aloud

It might be something being looked into but rasp fell through why does this stand a chance of being successful
But we now know the direction the board want to take

Looks like the start of a big asset sell off just hope it all done above board and not back handed deals.
That is the americas down, what is next and will their be only the Russian production left by the time it finished.

I am still torn as to what decision to make.

The broker at Halifax not very useful when speaking to them. They seem perplexed as to why Evraz asking everyone to withdraw shares to paper.

I am considering splitting my shares and taking out half in paper. Have to decide by their deadline tomorrow.
It’s giving me an headache lol

So nearly all Russian affiliated companies have now been sanctioned inc Evraz only two remain poly and Pog

Eu is seeking to stop the cash flow to Russia by cutting everything except the two major sources in gas and oil

It seems the