EVRAZ plc (LONEVR) announced that Greenleas International Holdings Ltd., Abiglaze Limited, Crosland Global Limited and Toshi Holdings Ltd., have notified EVRAZ of successful completion of sale of 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 was priced at 595 pence per ordinary share.
11,493,500 ordinary shares of the Company, representing approximately 0.8% of the total number of voting rights attaching to the ordinary shares of the Company, were sold by Greenleas International Holdings Ltd.; 8,470,900 ordinary shares of the Company, representing approximately 0.6% of the total number of voting rights attaching to the ordinary shares of the Company, were sold by Abiglaze Limited; 4,229,100 ordinary shares of the Company, representing approximately 0.3% of the total number of voting rights attaching to the ordinary shares of the Company, were sold by Crosland Global Limited and 1,206,500 ordinary shares of the Company, representing approximately 0.1% of the total number of voting rights attaching to the ordinary shares of the Company, were sold by Toshi Holdings Ltd.
Mr. 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.
Following 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. Following the Placing, Greenleas International Holdings Ltd., Abiglaze Limited, Crosland Global Limited, and Toshi Holdings Ltd. will continue to hold approximately 29.7%, 20.1%, 10.0%, 2.9% of the total number of voting rights attaching to the ordinary shares 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 is not a party to the transaction and will not receive any proceeds from the Placing.
