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Jotom750 - have you been following RAV? Granted, different jurisdiction but illustrates the concerns I had.

There's no FTSE 100 company controlled by a handful of Russian oligarchs that I've seen tumble so quickly. No recent examples of a superpower starting a war in Europe either. I think we're in uncharted waters and we don't know how the BOD or majority shareholders will react to suspension in the mid to long term. Can't give you any comparable examples, sorry.

Not stirring, honestly. Just pointing out that the multi bagging returns on suspension lifting need to be balanced against the benefits minority shareholders have received in 2022. That may be what we see full stop, end of story. It's a risk to keep in mind IMHO.

Lodan1 - I must confess, I've become more silver since this stock was suspended. I may not need a santa wig by the time Christmas rolls around.

Oiy Lodan1, I'm not that old! This was only 5 years ago. You're right, of course but that doesn't always apply with the older generation.

Anyway, looking at your email is one thing. When you're on holiday in Turkey or Spain, it can be a beyach getting a proxy form printed, scanned or faxed. It's the last thing I'd be thinking of when away for two weeks with the kids on our first holiday post covid. There is also the 'what difference does my vote make anyway' brigade who would simply not bother.

You will never get 100% of the total voting rights participating in a vote for a company with as many different underlying beneficiaries as Evraz has. Only a relatively small percentage have to fail to register a valid vote before the 66% starts approaching 75% of votes cast. I sometimes couldn't get a duck that had been lined up (in HK) because thier authorised signatory went on holiday and they didn't want to disturb him!

In a previous life I was a CoSec. We would be pretty certain we had sufficient votes before sending out the proxy forms though discussions with major shareholders.

If the 75% was in any doubt, we would send the proxy forms out during the summer holidays. The forms go to the nominee accounts on the register, the nominees then contact the underlying to get them to fill out and return the form. However, the nominee would often find the beneficiary is on holiday. Even if they are not, some beneficiaries don't open their post in time to return the form because they thought it was spam.

Hence why it is easy to get 75% of votes cast if you have your ducks in a row. It's not particularly fair sometimes when you have controversial resolutions but it's what happens in practice.

Keep an eye on the in box during summer and Christmas holidays.

jezzahold - they only need to get 9% to reach 75%. If they approach half a dozen large holders with a binbag full of bank notes and a stock transfer form, they will get 75%.

Anyway, it's 75% of votes cast on the resolution and not 75% of total voting rights. A lot of Nominees or PIs would fail to register a vote sadly.

lodan1 - you could transfer for nominal consideration, if there is shareholder support. Leave, say, enough to repay some debts?

I'm not here to stir the pot. I'm just mindful of the alternatives to multi bagging SP on readmission. That's all. I hold shares running into six figures and the last thing I need is for this scenario to play out. But we can't just ignore it and talk about how well this is going to pan out for minority shareholders such as ourselves. The cancellation of these events is encouraging on the face of it, until you look a bit deeper.

Jotom750 - it benefits majority shareholders because it is the majority shareholders who are "coincidentally" the shareholders in NewCo.

Minority shareholders will not be invited to the NewCo party.

You're assuming we won't be de listed.

As I said, the longer we are suspended the more likely the scenario becomes.

I appreciate the reasons give by the BOD in the RNSs for the cancellation of these events. However, the reality may be quite different.

The dividend cancellation resulted in cash remaining with the company. It was a hit for minority shareholders who qualified and will benefit majority shareholders in the long term.

The demerger cancellation resulted in RASP remaining within the company. This was a hit for minority shareholders who qualified and will be a benefit for majority shareholders in the long term.

If the suspension goes on for a long time, we may well see an RNS confirming that the company has decided to transfer assets to NewCo, which is also owned by the majority shareholder. With the transfer would go the dividend and RASP. That would then leave minority shareholders with Jack diddly. I think the likelyhood of this increases with each week we are suspended.

Rich people look after themselves and do not care about minority holders. Powerful Russians simply cannot be trusted right now IMHO. This is a dangerous combination for minority shareholders and should be kept in mind.

Sorry to be putting a downer on things. I see these posts about multi bagging but those posts assume that the BOD and/or Russian oligarchs will play fair. You only need to look at what's happened with the dividend and the demerger to see that the company will justify protecting it's assets no matter what. It's doing that for the benefit of the majority shareholders IMHO, not the minority shareholders.

I hope I'm wrong, as always. However, bracing myself for that RNS.

https://capital.com/evraz-evz-stock-forecast

And this news is released today. April's fool day...

I hope the BOD aren't havin' a laugh ;)

AgentOranje - We take a "gamble" every time we get behind the steering wheel of a car. But if you don't do it, you don't get to drive nowhere.

As a percentage of those currently logged on here (46) 17 members is higher than I was expecting.

I'm a plus one but can't recommend my own post. GLA

Just out of interest, please hit recommend below if you went "all in" here prior to suspension.

It's a tough wait for those that did but it would be interesting to see how many are in that boat, without needing to own up as such.

Thanks

Agreed. This, more than anything else, is within the control of the Company.

Hopefully there will be some positive news on new appointments soon.

To get back to anywhere near the share price highs seen last year, we would also need to be readmitted to the FTSE indecies.

Without demand for shares from tracker funds and other funds that only buy index constituents the SP will not fully recover.

POLY faces the same issue.

I don't think VP has regard for any human, other than himself and his offspring.

RA would have been a tool for delivering a toxin. Collateral damage at best but more likely a stark message. He doesn't want to negotiate and doesn't care about anyone other than his own.

Sanctioning the oligarchs was never going to do the job.

More detail on the extraordinary story emerging on the suspected poisoning of Roman Abramovich and Ukrainian peace negotiators.

According to sources cited in the WSJ report - which has since been backed up by a series of tweets posted by investigative journalism group Bellingcat - the Chelsea owner and negotiators developed symptoms including red eyes, constant and painful tearing, and peeling skin on their faces and hands.

It says it was unclear who had targeted the group, but that those affected blamed "Moscow hardliners" who wanted to sabotage the talks.

The report, and the information gathered by Bellingcat, indicates the conditions of the victims of the suspected poisoning later improved and that their lives are not considered to be in danger.

People familiar with the incident reportedly said Western experts who looked into it suggested it was hard to determine whether the symptoms were caused by a chemical or biological agent or by some sort of electromagnetic-radiation attack.

Roman Abramovich 'suffering symptoms of suspected poisoning'
A potentially huge story from Wall Street Journal suggests prominent oligarch and Chelsea FC owner Roman Abramovich along with Ukrainian peace negotiators, may be suffering the symptoms of suspected poisoning.

According to the newspaper, the symptoms developed following a meeting in Kyiv earlier this month.

The report - which, it should be noted, has not been verified by Sky News - says Mr Abramovich has travelled frequently between Moscow and the Ukrainian capital as peace talks have continued.

The 55-year-old, who has been hit with a number of sanctions over his links to Vladimir Putin, was reported to have been involved in helping the negotiations.

More details on this story as we get it.

Story at 16.19

https://news.sky.com/story/ukraine-news-live-russia-war-putin-nuclear-biden-latest-updates-12541713

Notifiable short positions can be seen on short tracker site.

https://www.shorttracker.co.uk/company/GB00B71N6K86/

As there are no notifiable positions, people on here must be referencing positions below the 0.5% threshold.