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Sothey Capital state that: "Finally post de-listing, on August the 19th 2022, the final day arrived for electronically transferring shares in Evraz Plc."

I didn't realise that Evraz had officially de-listed. Wouldn't there have been an RNS confirming that the company had moved from suspended to de-listed...? Or is that coming tomorrow...

My kids JISAs are showing the number of units held but value as N/A. This may be connected to the fact that the shares have been suspended for 6 months now. Either way, HL should have written to us to tell us what they were doing BEFORE they did it.

On a separate note, my wife's share certiifcates have still not arrived. Again, no explanation fro HL as to the cause of the delay.

No overly impressed with HL TBH...

The best step is to forget about these shares for the time being. There is literally nothing you can do other than wait.

Bb1234 - was this some sort of Data Protection verification check against bank details you had already provided, or did they refuse to discuss anything with you until you had given them bank details?

Think about it. Would any other exchange want them if they bypassed local laws in the previous jurisdiction?

Why would Evraz not pay dividends to UK stockbrokers but then be willing to pay the same to UK bank accounts...?

The RNS said that entry on the register simply secured title to the shares. It made no mention about dividend payments.

Interesting read on the sale of ENA.

https://leaderpost.com/news/saskatchewan/evraz-steel-workers-feel-uncertainty-as-spectre-of-sale-looms

If the powers that be want to ensure that sales proceeds don't find their way to oligarchs or Putin, what options are available... ?

Proceeds held in escrow could be one way forward. I don't think the proceeds could be donated in the same way that the Chelsea FC proceeds were simply because this isn't solely ARs asset. It seems unlikely that the proceeds would be confiscated either as there are US institutions holding and would probably be wanting some sort of return. Quite a pickle...

Sorry Agazzis, the maths is sound. I was just being flippant.

SMRs must surely be getting approval soon.

You're right. You are not the greatest at maths...

Thank you. I'll give it until Tuesday then call their investor helpline. Maybe they've made a mistake somewhere along the line. I'm sure they've been overwhelmed with Evraz crap these past couple of weeks.

Have a good weekend.

My share certs arrived from HL on Thursday. One certificate for the fund and share account and a separate cert for the ISA. The wife's are still en route.

I set accounts up for both of us with Computershare. Both our holdings were reflected on Thursday. By Friday my wife's were no longer on her Computershare account. God only knows what is going on. I just hope her certificates arrive next week.

Is it not the case that if you hold the paper certificate you can transfer shares using a stock transfer form and the certificate itself....? I thought the point being made in the RNS of 18 July 2022 was that if your shares are in Crest, then you cannot transfer them because Evraz does not have access to Crest.

Ask your broker. Phone them on Monday and clarify their process and time frame.

Fossibeer - did you receive your paper certificate, or did you just receive a welcome letter from Computershare with the Evraz branding on it?

Has anyone received an actual share certificate yet...?

There are certain tax wrappers where brokers have maintained that withdrawal is not possible. Withdrawal from Junior ISAs and SIPPs does not seem to be possible.

Your shares will remain in the tax wrapper in the nominee account. You won't loose your holding on the 19th August this year. Your name simply won't be on the Evraz shareholders register. The nominee's name will be on the register instead.

DYOR.

Computershare act as registrar to numerous companies and this is a standard template letter that they produce. They just slap the relevant company's logo on it and Bob's your uncle. Evraz haven't written to anyone.

On my version of the letter there is a glaring error that underlines this point. Under the heading "Your shareholder communications" the final paragraph reads "If you wish to find more information about Company Name visit..." The words "Company Name" should have been replaced by "Evraz PLC".

They cancelled the dividend on 9 March. The sanctions were imposed until 5 May, some two months later.

I don't know why people are talking about dividends. The company didn't pay one in March 2022 before it got sanctioned and it certainly isn't going to pay one on the sale of ENA.

In fact, it should be noted that all the cash available for the March 2022 dividend had "vanished" by the time of the last set of results in August 2022. Any proceeds from the sale of ENA will probably find a way of disappearing down the back of the accounting sofa too.

Dividends...? Some people on here need to wake up and smell the coffee IMHO.

Sure, but you are taking a gamble on whether they would list on an ISA eligible exchange.

You should also consider whether other ISA eligible exchanges would welcome a Russian company listing, especially if the company was previously sanctioned in the UK.

GLA

If they stay as a PLC on the LSE then it makes sense to keep the option of holding the shares in an ISA. However, if they delist and stay as an LTD (or list on an exchange that is not eligie for ISA status) then your broker wlll move it out of the ISA anyway. Should that happen then you'll be stuck with the shares outside of an ISA wrapper and unable to transfer because they will be in Crest.

ISA benefits are only worth thinking about if you're of the view that they won't delist from the LSE IMHO.