Further to yesterday’s announcement, EVRAZ plc (LON: EVR) announced today that Abiglaze Limited, Crosland Global Limited, Greenleas International Holdings Ltd. and Toshi Holdings Ltd., have notified EVRAZ of successful completion of a sale of 24.9 million existing ordinary shares of the Company, representing approximately 1.7% of the Company’s issued share capital.
The Placing was priced at 635 pence per ordinary share.
8,284,638 ordinary shares of the Company, representing approximately 0.6% of the Company’s issued share capital, were sold by Abiglaze Limited; 4,165,362 ordinary shares of the Company, representing approximately 0.3% of the Company’s issued share capital, were sold by Crosland Global Limited; 11,267,250 ordinary shares of the Company, representing approximately 0.8% of the Company’s issued share capital, were sold by Greenleas International Holdings Ltd.; and 1,182,750 ordinary shares of the Company, representing approximately 0.1% of the Company’s issued share capital, were sold by Toshi 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; Mr. Roman Abramovich has an indirect economic interest in the shares of the Company held by Greenleas International Holdings Ltd.; 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.
Following completion of the Placing, the Sellers will be subject to a lock-up of 60 days with the Banks, with customary exceptions, in respect of their remaining shareholding in the Company. Following the Placing, Abiglaze Limited, Crosland Global Limited, Greenleas International Holdings Ltd. and Toshi Holdings Ltd. will continue to hold approximately 19.4%, 9.7%, 28.8%, 2.8% of the issued share capital of the Company respectively.
Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited and UBS Europe SE acted as the Joint Global Coordinators and Joint Bookrunners in respect of the Placing.
EVRAZ plc is not a party to the transaction and will not receive any proceeds from the Placing.
