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EVRAZ plc Shareholders' Stakes Decline in Raspadskaya Issue-DJ


Monday, 21 Jan 2013 02:36am EST 

Dow Jones reported that Evraz plc (Evraz) said that its main shareholders' stakes decreased as the result of an issue of additional stock when Evraz completed its purchase of a controlling interest in coal company Raspadskaya OJSC. The deal saw the issuance of 132,653,006 new ordinary shares, which resulted in Mr. Roman Abramovich's stake in Evraz falling to 32.01% from 34.68%. Mr. Alexander Abramov and Mr. Alexander Frolov saw their stakes drop to 22.42% from 24.64% and to 11.2% from 12.32%, respectively. Holding company Lanebrook Ltd., through which the three shareholders hold the majority of their stakes, saw its direct interest in Evraz drop to 65.71% from 72.2%. Evraz completed its purchase of 82% of Raspadskaya. 

Company Quote

125.3
-3.4 -2.64%
20 Oct 2014