Evraz Share Discussion Threads

[zangdook] 24/7/2022 04:53:47

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 20:14:15

What are the benefits of getting certificates ?

[peter oconnor] 22/7/2022 20:02:05

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 13:32:39

...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 13:29:44

"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 13:28:19

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

[casket1] 22/7/2022 13:26:50

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 ?

[adyzaky] 22/7/2022 13:24:03

common sense would say that if the worst was to happen and Evraz was delisted, you could still at that point have them converted to certs, an electronic trail isn't going anywhere.

[dancing piranha] 22/7/2022 12:59:07

ii fail to inform you, if you kept your shares with them, what your situation would be if the Company relisted on another Stock Exchange?

[basem1] 22/7/2022 12:47:56

I guess having the certificate provides the best of both worlds and is the foolproof option

[basem1] 22/7/2022 12:39:22

It is a tricky one Can they relist without a registrar ? And Could we get a certificate further down the road - I do not think we could Need professional help here.

[lomcovaks] 22/7/2022 12:31:54

Corporate action information sent to ii shareholders. Seems reasonable to me -

EVRAZ PLC ORD USD0.05
Event Type: Confirmation
Description: Termination of Registry

Termination Date: 19th August 2022

On 18th July 2022 Evraz plc, which is currently suspended from trading on the London Stock Exchange, announced to the Stock Exchange that Computershare Investor Services will cease to act as the company’s registrar from 19th August 2022. Within the announcement they also stated that shareholders may wish to convert their electronic shares into physical paper shares, and that shareholders should contact their broker if they wished to do this. Please be advised that you are under no obligation to convert your shares in this manner. If you don’t decide to convert, 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 recommences on the London Stock Exchange.

If, however, you do wish to convert your shares into physical paper form, registered directly in your own name, you need to contact us by phone at 0345 607 6001 by 12th August 2022 at the latest, and request the withdrawal of these shares into your own name. Any requests to withdraw the shares will be charged a GBP35.00 fee + GBP7.00 VAT. All requests will be handled on a reasonable endeavours basis.

Please be advised, if you hold your shares in a SIPP or Junior ISA, the option to withdraw your shares is not available on these products.

The official announcement made to the Stock Exchange can be viewed here;

[adyzaky] 20/7/2022 09:04:47

Double post.

[nerdlinger] 20/7/2022 08:40:57

Has anyone had any statement from Computershare?

[adyzaky] 20/7/2022 08:26:18

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 23:28:29

Zangdook,

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

[mwaters74] 19/7/2022 17:24:06

Sorry I never asked

[adyzaky] 19/7/2022 16:39:24

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 16:09:45

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

[adyzaky] 19/7/2022 16:05:17

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 15:51:58

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

[mwaters74] 19/7/2022 14:14:10

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 14:05:09

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