trending Market Intelligence /marketintelligence/en/news-insights/trending/oGtx7HYWhdxxgIFI4m8zOA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Evraz shares lower after main owners sell another tranche for £158M


Top electric vehicle markets dominate lithium-ion battery capacity growth


Message in a (Word)Cloud


Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

Evraz shares lower after main owners sell another tranche for £158M

Evraz PLC's four core shareholders on June 20 sold 24.9 million shares, representing about 1.7% of the issued share capital, in an accelerated bookbuild priced at 635 pence per share just over three months after they cashed out £151.1 million.

Shares in the FTSE 100 constituent, Russia's second-largest steelmaker, fell as low as 635 pence apiece, or 6%, in early London trading but had recovered some ground by midday.

Evraz's largest shareholder, Kremlin-connected Roman Abramovich, sold 11,267,250 shares, about 0.8% of the company, through Greenleas International Holdings Ltd. for £71.5 million.

Chairman Alexander Abramov's Abiglaze Ltd. divested £52.6 million of shares, representing 0.6%.

Evraz CEO Alexander Frolov sold a 0.3% interest in the iron ore, coal and steel producer for £26.5 million via his Crosland Global Ltd. holding company.

Nonexecutive Director Eugene Shvidler cashed out £7.5 million, selling a roughly 0.1% stake of 1,182,750 shares via Toshi Holdings Ltd.

Following the sale, Abiglaze, Crosland Global, Greenleas International and Toshi Holdings hold about 19.4%, 9.7%, 28.8% and 2.8% of Evraz, respectively.

The shareholders are subject to a 60-day lockup barring further sales during the period.