Evraz Plc ACQUISITION OF 100% IN LLC ZAPADNYE VOROTA (1409X)
April 25 2019 - 1:29PM
UK Regulatory
TIDMEVR
RNS Number : 1409X
Evraz Plc
25 April 2019
ACQUISITION OF 100% PARTICIPATION INTEREST IN LLC ZAPADNYE
VOROTA
EVRAZ plc ("EVRAZ", the "Company" and together with its
subsidiaries, the "Group") announces today that it acquired 100%
interest in LLC Zapadnye Vorota in order to consolidate ownership
to a non-residential technical unit in building A and lease rights
to the land at "Zapadnye Vorota" business complex in Moscow, Russia
("Transaction").
Transaction Highlights
EvrazService, the fully owned subsidiary of the Company,
purchased 99.9998% of participation interest in LLC Zapadnye Vorota
from Cybersun Limited for RUB 25,616,949 (around US$400,000).
SIBMETINVEST, the fully owned subsidiary of the Company,
purchased 0.0002% of participation interest from Mr. Galaktionov
for RUB 10.00 (around 16 cents).
Purchase price of US$400,000 is a fair market price and based on
the results of the independent valuation prepared by LLC American
Appraisal.
Pursuant to UK Listing Authority ("UKLA") Listing Rule 11.1.4R,
Cybersun Limited is classified as a related party of EVRAZ, due to
its direct shareholders also being substantial shareholders in the
Company. The Transaction constitutes a smaller related party
transaction as defined under UKLA Listing Rule 11.1.10R and EVRAZ
has accordingly obtained a written confirmation from a sponsor that
the terms of the Transaction are fair and reasonable as far as
shareholders of EVRAZ are concerned.
For further information:
Media Relations:
London: +44 207 832 8998
Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
London: +44 207 832 8990
Moscow: +7 495 232 1370
ir@evraz.com
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
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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April 25, 2019 13:29 ET (17:29 GMT)
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