EVRAZ PLC enters into agreement to dispose of EVRAZ Sukha Balka
26 May 2017 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces today that its fully owned subsidiary Evraz Group S.A. signed an agreement to dispose of the entire issued share capital of Kadish Limited (a holding company of EVRAZ Sukha Balka (“ESB”)) to BERKLEMOND INVESTMENTS LTD (a company of the DCH Group) for US$110 million of gross consideration, adjustable for the actual level of ESB’s working capital and debt (“Transaction”). The Consideration will be payable in several instalments: an initial US$25 million payable within two business days after signing of sales and purchase agreement, with the rest to be paid by 31 December 2017.
Results of the General Meeting of independent shareholders. Disposal of Joint Stock Company EVRAZ Nakhodka Trade Sea Port is approved
EVRAZ plc announces that at the General Meeting of the independent shareholders of the Company held on Tuesday 23 May 2017 at 10.00 am (London time) at the offices of Clifford Chance LLP, 10 Upper Bank Street, London E14 5JJ the ordinary resolution set out in the circular relating to the recommended proposal for the Disposal of Joint Stock Company EVRAZ Nakhodha Trade Sea Port to Lanebrook Limited dated 3 May 2017, was proposed and passed by way of a poll. Completion of the transaction is expected to occur by 15 June 2017.
Publication and Posting of Shareholder Circular
Further to the announcement made earlier today regarding the proposed disposal of Joint Stock Company EVRAZ Nakhodka Trade Sea Port (the “Nakhodka Port”) to Lanebrook Limited, EVRAZ plc (“Evraz”) announces that the shareholder circular (the “Circular”) relating to the disposal of the Nakhodka Port (the “Transaction”) has been approved by the UK Listing Authority.