Evraz Share Discussion Threads

[adyzaky] 20/7/2022 08:26

But why? The bank you have the ISA with, will have your full ownership details and receipt of your Evraz shares?

[yasx] 19/7/2022 23:28

Zangdook,

Re retaining them in an ISA - would that not be counterproductive given the recent RNS?

[mwaters74] 19/7/2022 17:24

Sorry I never asked

[adyzaky] 19/7/2022 16:39

Even if Lloyds have Equinity as the registrar?

Also with Computershare, the registrar moving forward will be Evraz won’t it?

[basem1] 19/7/2022 16:09

In simple terms as proof of purchase as computershare the current registrars are throwing in the towel. Simples

[adyzaky] 19/7/2022 16:05

Sorry to sound like a noob but why are people converting to certs, if I have my EVRAZ shares with Lloyds in an ISA, it’s not like they can strip that away from meX I have a receipt of purchase etc, so not understanding what benefits the certs have over electronic?

[junior21] 19/7/2022 15:51

Thanks, did they say anything about base cost used going forward for CGT purposes?

[mwaters74] 19/7/2022 14:14

I believe it is a fixed fee as it is for registration of the certificate but I never asked. £42 + VAT

[time 2 retire] 19/7/2022 14:05

Mwaters74, what was the fee please, was it a fixed cost or a percentage of shares value. Cheers

[mwaters74] 19/7/2022 13:34

Yes it was

[junior21] 19/7/2022 13:31

mwaters74, I don't suppose your holding was within an ISA?

[daler1966] 19/7/2022 13:22

Yes that helps thank you

[mwaters74] 19/7/2022 13:07

For anyone on ii, i phoned them today to see what I needed to do regarding yesterday's RNS. I was informed that I could get the certificate for my shares for a fee. The fee is the charge for having your certificate registered. As I had the funds available i just got them to process the request and they informed me the certificate will be posted to me in due course. Hope this helps.

[trcml] 19/7/2022 12:11

maxplus: a share certificate is proof of ownership from the date of purchase, also receipt for the purchase.

[trcml] 19/7/2022 11:28

scrwal: its incorrect to say the shares cannot be traded - unless you mean to imply cannot be traded on the London Stock Exchange. Shares can be traded via matched-bargain or some sort of intermediary, or by listing on another stock exchange. Whether EVV would seek to buy in all shares not held by Russian investors or vice versa would require a tender offer of some sort, or compulsory purchase.

[trcml] 19/7/2022 11:14

For those of us with HL in HL nominee form but not in a tax-wrapper, HL tell me they are considering what to do for the best and when they've decided will email holders within the next few days.

> One downside I can think of with paper certificates is that EVR and by implication the authorities will know/have the names and addresses of the actual shareholders - no big deal in normal time but… > As for buying and selling I've been dabbling in the stock market since the days of paper certificates the only issue is the settlement date.

[geordy2] 19/7/2022 11:03

Gary Cook

I have had a similar response from AJ Bell they will shortly be issuing a Corporate Action notice.

G2

[maxplus2] 19/7/2022 04:05

I believe you're right as I seem to remember this what happened to Afren. It transferred to a normal account from ISAP

[garycook] 19/7/2022 03:45

Reply from ii Dear Mr Cook,


Thank you for your Secure Message.



Please be advised, we are aware of the RNS released by Evraz this morning at exactly 8:30am. However, we are still waiting for an update from Computershare regarding the next course of action. Communication will be sent out to customers in the next couple of days once we have an update.

[zangdook] 19/7/2022 03:10

adyzaky

If you take them out of your ISA, the cost for CGT purposes will not be your initial purchase price. When a share is still being traded the cost for CGT will normally be the price on the day you take them out - any change of value while they were in the ISA doesn't count. Now they're not being traded I don't know how the value would be calculated - your ISA provider is supposed to give you a value when you take them out but knowing Lloyds they'll just say 1p or something silly unless you push them.

Personally if I had them in an ISA I'd consider leaving them there if the ISA provider would let me - you won't be able to trade them but you shouldn't lose beneficial ownership and if the situation is resolved one day, you'll still have the ISA tax protection. If the shares are eventually delisted, which I guess may happen, the ISA provider will have to take them out anyway, but you could ask for a certificate then.

This is just my opinion and not meant as financial advice. Try to get someone competent at Lloyds to talk to before 19 August (good luck with that).

Let us know what you decide and what happens.

[adyzaky] 18/7/2022 21:31

There’s never been a scenario like this before, we really need more clarity for shareholders. Didn’t the government suspend shares to protect the investors. I recall reading this, so how is this protecting investors?

[turvart] 18/7/2022 20:48

I still think there is light at the end of the tunnel, it's not over until the fat lady sings, we own the shares to part of a company, we just need a way to get trading them again and if evraz relist some where else we may be able to transfer them there but saying that I'm not fully aware of the sanction and suspension implications.

[purplepelmets] 18/7/2022 20:22

Well this is all a bit Mikhail Mouse. Not through Evraz's doing mind. And to think it seemed such a no brainer buying for the 100%+ divi. Live & learn i suppose. Comiserations fellow holders.