Evraz Share Discussion Threads

[adyzaky] 02/8/2022 17:16

Lloyds have said the same to me. I have an ISA with them and makes no sense to go paper as it has tax implications etc. Lloyds have said I don’t need to do anything.

[nerdlinger] 02/8/2022 16:29

The only reason I can see for getting paper is to have the short term option of selling to Evraz, probably for a few p. We'll only see anything like our original investments or gains if they're relisted when I'm sure we'd have a proper registrar etc. and if that happens I'd want it still in my ISA.

Also I can't see a piece of paper ever being more secure than a nominee account. Interesting perspective re SIPP holdings highlighted by the Halifax message, certificates not even an option there.

[dancing piranha] 02/8/2022 15:43

I'm with ii and have requested my paper certificate. I think, although only a few thousand shares, I've more chance of retrieving their worth at some point if I'm holding the physical evidence. I'm not sure I trust brokers 100%. No advice intended.....

[basem1] 02/8/2022 15:01

I was waiting until deadline day to make a decision regarding the paper certificate Sort of hoping there may have been further recent discussion on here. I have already mentally written my holding off and do not feel like throwing more money at a certificate albeit it is only 42 GBP with ii.

[sdt7618] 02/8/2022 13:35

Message from my Halifax account regards the record of shares.

They will continue to record my holding and I don't have to do anything. That part in bold!

Kind of opposite to message from evr.

[peter oconnor] 02/8/2022 10:55

It's looking like anything ever again is out of the question!

[nerdlinger] 02/8/2022 10:41

is an interim dividend on Thursday out of the question?

[zangdook] 02/8/2022 08:25

'Directly acquire any ownership interest or control in any entity “connected with Russia”'

Does that mean I can be banged up for seven years if I top up my POLY holding?

[trcml] 01/8/2022 16:18

source CMS Law Now: "…twelfth amendment to the Russia (Sanctions) (EU Exit) Regulations 2019 … It is now a criminal offence, imprisonable by a maximum term of seven years, for a UK citizen or UK registered business knowingly to provide funds or economic resources directly or indirectly to any entity or individual “connected with” Russia, or to any entities controlled directly or indirectly by any such entities or individuals.

Criminal liability will be incurred by people and businesses located in the UK, or UK persons or registered entities who knowingly:

Directly acquire any ownership interest in land in Russia;

Indirectly acquire land or an ownership interest in land in Russia for the purpose of making funds or economic resources available to individuals or entities connected with Russia;

Directly acquire any ownership interest or control in any entity “connected with Russia”;

Directly or indirectly acquire any interest in or control over any entity in the world where the acquisition is for the purpose of making funds or economic resources available to individuals or entities connected with Russia;

Directly or indirectly establish a branch or subsidiary located in Russia;

Directly or indirectly establish a joint venture with a person connected with Russia; or

Provide investment services directly related to any of the above activities.

The ban extends to providing investment services, including but not limited to, the provision of advice or management in relation to any of the prohibited investments.

Civil penalties, of up to the greater of £1,000,000 or 50% of the estimated value of the assets concerned, will be available where prosecutors cannot establish knowledge or suspicion by an accused as to any alleged conduct. The new offence captures the acquisition of “any ownership interest” and we anticipate that the application will be broad.

[coscos] 25/7/2022 20:19

Interesting article regarding Abramovich.https://www.politico.com/newsletters/politico-influence/2022/07/07/kobre-kim-signs-russian-oligarch-00044583

[fireseeker] 25/7/2022 17:56

hxxps://www.evraz.com/en/news-and-media/press-releases-and-news/termination-of-the-registry-and-associated-services/

17 July 2022
EVRAZ plc (the “EVRAZ” or the “Company”;) informs that Computershare Investor Services PLC (“Computershare”) notified the Company of termination of registry and associated services on 19 August 2022 (“Termination Date”). Until the Termination Date, the Company and Computershare will work together on the transfer and return of services. After the Termination Date, the register will be maintained by EVRAZ.

It is anticipated that after the Termination Date CREST members will not be able to transfer the Company’s shares electronically due to the fact that EVRAZ, as holder of the register, will not have access to the CREST clearing system and all transactions will need to go through the Company with a stock transfer form and can be subject to a stamp duty. To secure title to the Company’s shares shareholders may wish to convert their electronic shares into physical paper shares. To receive share certificates shareholders are advised to consult their stockbroker and ensure that proper instructions are given to Computershare prior to the Termination Date.

Shareholders who have general queries about the termination of the registry and associated services by Computershare or the conversion of electronic shares into certificates can either call the Registrar’s helpline on [phone]; or write to the Registrar, Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS13 8AE.

[mustau] 25/7/2022 16:09

This is what I’ve received from Jarvis
The stock will remain under our nominee held on your behalf. Clients wishing to withdraw the stock into their own name must request a certificate not later than 1st August 2022. Please note a withdrawal fee of GBP15+vat will apply for withdrawal requests.

[gfrae] 25/7/2022 15:31

So ? Are you saying that they can only speak to Computershare ?

[basem1] 25/7/2022 12:28

Because computershare are no longer going to be registrars a week after the deadline

[gfrae] 25/7/2022 10:26

I have recieved the same notification from II, why does anyone think there is a time limit within which we have to make a decision ? Surely we should be free to decide when and or if we wish to have our certificates in paper ?
I am a little bit concerned the answer might be something like "we will no be allowed to deal with Evraz " after this time.
I may try and contact them.

[gasmanmick] 25/7/2022 09:51

Hargreaves Lansdown
I just spoke to them and they are currently have discussions re EVR situation.
I was told I could not be issued with paper cert or transfer my ISA held shares due to sanctions .
HL will issue a statement when a decision has been made.
I advised time is of the essence and would advise HL shareholders to call to also voice displeasure at how slowly this is been dealt with.

[nerdlinger] 24/7/2022 17:29

old news. Ironic. Might be deleted...

[zangdook] 24/7/2022 03:53

If they decide to pay a dividend, anyone with certificates should receive a cheque in the post, unless the company arrange to make direct payments. We don't know if or when they'll decide to pay one though. If you stay with a nominee they'll handle it as usual.

[geordy2] 22/7/2022 19:14

What are the benefits of getting certificates ?

[peter oconnor] 22/7/2022 19:02

Just a thought!
Would any dividends be alloted to the shares we own and compound or will it be used to pay down debt ?
Or am I been nieve ?

[adyzaky] 22/7/2022 12:32

...we will continue to reflect your Evraz shares on your portfolio, maintain a record of your holding on our books, and you will still be able to trade your Evraz shares through us if the suspension is lifted and trading of Evraz shares

That tells me, electronic trail will still exists, Evraz will take over the register at this point and they will know what your holdings are, there's an electronic trail, what sort of litigation will they face if peoples electronic shares disappeared?

[adyzaky] 22/7/2022 12:29

"Evraz implemented sanctions compliance system in 2014 which screens every customer and identifies red flags," it said. "To eliminate sanctions, economic and reputational risks the company verifies the end-users of products and secures their civil use by special clauses in contracts. The company is not aware of its products being used for military purposes.

"Suggestions about potential use of Evraz’s steel, vanadium and other products for military purposes indicate not only the misunderstanding of steel industry’s base principles, but the lack of knowledge about Evraz’s product range as well."

[basem1] 22/7/2022 12:28

I think you need registrars for that to happen and Evraz will not have one ?

[casket1] 22/7/2022 12:26

DP - That would be another stock exchange they have NO dealings with as there are about 8 currencies they currently handle. I know for a fact the cannot trade on the Russian Exchange (MOEX) which I suspect would be the most likely exchange to re-list ?