British regulator of financial markets (Financial Conduct Authority, FCA) declared on the suspension of the listing of shares of the metallurgical holding Evraz due to sanctions against Roman Abramovich. The entrepreneur directly owns 28.64% of the company.
An FCA statement on the London Stock Exchange Disclosure Tape said the decision to suspend was made to protect investors pending clarification of the impact of UK sanctions.
Evraz announced on March 9 that it does not exclude the suspension of listing on the London Stock Exchange. “The company can confirm that it has not transferred any funds, has not provided loans and credits to these people (the main shareholders Roman Abramovich, Alexander Abramov and Alexander Frolov) since March 1, 2022 and has not conducted transactions with them directly or indirectly using financial collateral or securities, said in her message. The board of directors of the company decided to cancel the payment of final dividends.
Roman Abramovich transferred the share of Evraz with associated Greenleas International Holdings to himself on February 16. Today, March 10, he was included in the UK sanctions list. The company’s major shareholders are also Alexander Abramov’s Abiglaze Ltd, which has a 19.32% stake, and Alexander Frolov’s Crosland Global Ltd, which has a 9.65%.