Business
Intended sale of existing ordinary shares of EVRAZ
Intended sale of existing ordinary shares of EVRAZ.
About this update from Evraz Plc
[{"type":"text","content":"\n \nRNS Number : 2102T Evraz Plc 18 March 2019 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR\nINDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, SOUTH AFRICA, AUSTRALIA, JAPAN OR\nANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT LEGAL INFORMATION AT THE END OF THE PRESS RELEASE.\n \n18 March 2019\n \n \nIntended sale of existing ordinary shares of EVRAZ plc\n \nEVRAZ plc (\"EVRAZ\" or the \"Company\") announces that Greenleas International Holdings Ltd., Abiglaze Limited, Crosland Global Limited, and Toshi Holdings Ltd., (together, the \"Sellers\") have notified EVRAZ of their intention to offer for sale approximately 25.4 million existing ordinary shares of the Company, representing approximately 1.8% of the total number of voting rights attaching to the ordinary shares of the Company (the \"Placing\"). Of the shares offered for sale, it is expected that approximately 45.25% will be sold by Greenleas International Holdings Ltd.; 33.35% will be sold by Abiglaze Limited; 16.65% will be sold by Crosland Global Limited; and 4.75% will be sold by Toshi Holdings Ltd.\n \nMr. Roman Abramovich has an indirect economic interest in the shares of the Company held by Greenleas International Holdings Ltd.; Mr. Alexander Abramov, Non-Executive Chairman of the Company, has an indirect economic interest in the shares of the Company held by Abiglaze Limited; Mr. Alexander Frolov, Chief Executive Officer of the Company, has an indirect economic interest in the shares of the Company held by Crosland Global Limited; and Mr. Eugene Shvidler, Non-Executive Director of the Company, has an indirect economic interest in the shares of the Company held by Toshi Holdings Ltd.\n \nFollowing completion of the Placing, the Sellers will be subject to a lock-up of 60 days, with customary exceptions, in respect of their remaining shareholding in the Company. \n \nThe Placing will take place via an accelerated bookbuild. Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited and UBS Europe SE have been appointed as Joint Global Coordinators and Joint Bookrunners (the \"Banks\") in respect of the Placing. The books for the Placing will open ...