Evraz Plc Major shareholding notification (3590L)
December 24 2018 - 2:00AM
UK Regulatory
TIDMEVR
RNS Number : 3590L
Evraz Plc
24 December 2018
Major shareholding notification
EVRAZ plc ("EVRAZ" or the "Company") has been notified on 21
December 2018 by Crosland Global Limited ("Crosland"), a major
shareholder of EVRAZ, that it has transferred 298,625,541 EVRAZ
ordinary shares to Abiglaze Ltd ("Abiglaze") and completed a
reorganisation (the "Transfer").
The Company was advised on the same date that following the
Transfer:
-- Crosland now holds a direct interest in 149,118,167 EVRAZ
ordinary shares, or 10.33% of the total voting rights attaching to
the Company's ordinary shares; and
-- Abiglaze now holds a direct interest in 298,625,541 EVRAZ
ordinary shares, or 20.69% of the total voting rights attaching to
the Company's ordinary shares.
The Company has been informed that the Transfer will not result
in any change to the indirect economic interest held by Mr.
Alexander Abramov or Mr. Alexander Frolov in the Company's
shares.
The Company understands that Mr. Abramov will continue to have
an indirect economic interest in the 298,625,541 shares in EVRAZ
held by Abiglaze, or 20.69% of the total voting rights, and that
Mr. Frolov will continue to have an indirect economic interest in
the 149,118,167 shares in EVRAZ held by Crosland, or 10.33% of the
total voting rights.
The Company confirms that following the Transfer it will enter
into a revised relationship agreement with Crosland and a new
relationship agreement with Abiglaze, in accordance with the
Listing Rules. The relationship agreements will be on terms and
conditions that are substantively the same as the relationship
agreement that was previously entered into with Crosland. The new
agreements will also include undertakings from certain of the
Company's controlling shareholders as required by LR 9.2.2ADR. It
is anticipated that such new relationship agreements will be
entered into during January 2019.
EVRAZ Investor Relations
+7 495 232 1370
24 December 2018
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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