EVRAZ PLC EVR

Latest Morningstar Commentary
DateAuthor Headline
12/06/2013Holly Cook Persimmon Returns to FTSE 100, Travis Perkins Promoted
Persimmon and Travis Perkins will join the FTSE 100 from June 24, replacing Evraz and Polymetal International
04/03/2013Alanna Petroff Miners and Banks Lead FTSE Lower
MONDAY MARKET UPDATE: Shares in Kazakhmys, Rio Tinto, Lloyds and HSBC all take a hit
27/02/2013Alanna Petroff The Top 20 Dividend Stocks
DIG THE DATA: Morningstar data reveal the 20 highest yielding stocks on the FTSE 350 for February 2013
12/12/2012Alanna Petroff 6th Day of Gains on FTSE 100
WEDNESDAY MARKET UPDATE: The FTSE 100 index is now closed at one of its highest levels of 2012

Latest Company News

Regulatory News Abstract
DateType Story
13/06/2013Business Event Result of AGM
At the company's AGM held on 13 June 2013, all resolutions including, special resolutions to dis-apply pre-emption rights, to purchases Ords of US$1.00 each in the capital of the company and to call a general Meeting other than an AGM on not less than 14 clear days' notice, were duly passed
12/06/2013Business Event FTSE addition
The company will be added to the FTSE 250 Index with effect from 24 June 2013
12/06/2013Business Event FTSE deletion
The company will be deleted from FTSE 100 Index with effect from 24 June 2013
03/05/2013Business Event Pledge of shares
The company has been informed of a potential pledge of company's shares by the majority shareholder Lanebrook Ltd under an agreement executed by Lanebrook Ltd. Under this agreement, the company's shares may on occasion be used as temporary collateral. The maximum amount of company's shares that can be used as collateral is lower of 7.00% of total issued Ords of the company or the number of company's shares equating to an aggregate value of US$130m at the then-prevailing market price and exchange rate. No transfer of title of property on company's shares is expected as a result of this pledge agreement
30/04/2013Business Event Notice of AGM
At the company's AGM to be held on 13 June 2013, special resolutions to dis-apply pre-emption rights, to purchases Ords of US$1.00 each in the capital of the company and to call a General Meeting other than an AGM on not less than 14 clear days' notice, will be proposed
29/04/2013Acquisition Tender offer of minority stake in Timir
The company's announces that in accordance with Russian regulatory requirements it has submitted to Russia's Federal Service on Financial Markets and to OJSC Timir a mandatory tender offer to OJSC Timir's shareholders to acquire those shares in OJSC Timir that it does not currently own. Under the tender offer, company has made an offer of RUB1,022 for each share in OJSC Timir. The tender offer is a Russian law requirement and it is company's expectation that the tender offer will not be accepted by OJSC Timir's shareholders. The tender offer will remain open until 8 July 2013, and company will update the market as to acceptances within 30 days after that as stipulated by the law
24/04/2013Business Event Prepays $950m structured credit facility
The company has prepaid the outstanding US$759m of the US$950m structured credit facility using the proceeds from the recent US$1.00billion issuance of 6.50% notes due 2020. The facility, under which Evraz Group S.A., a wholly-owned subsidiary of the company, was the borrower, was amortising quarterly with the final instalment due in November 2015.
15/04/2013Business Event Prices US$1.00bn Notes issue
The company has priced an issuance of US$1.00 billion notes due 2020 with a coupon of 6.50% per annum. The Notes will be issued by Evraz Group S.A. Closing and settlement of the Notes is expected to occur on 22 April 2013
11/04/2013Trading Statement Well placed
ch - "I am confident that the company is well placed to continue to deliver value to all stakeholders"
02/04/2013Acquisition Acquires stake in Timir iron ore project
The company announces that it signed an agreement to acquire the stake in OJSC Timir for a total consideration of RUB4,950m to be paid in several instalments. At completion the company will receive 51.0% stake in Timir, OJSC Alrosa will own 49.0% minus one share and Vnesheconombank will receive one share
27/03/2013Disposal Intention to sell South African steel mill
The company announces the signing of a non-binding term sheet in respect of the proposed sale of its 85.0% stake in EVRAZ Highveld Steel and Vanadium Ltd to Nemascore (Pty) Ltd, for an indicative cash consideration of approximately US$320m. The transaction is subject to standard due diligence procedures and the conclusion of a formal agreement, the implementation of which will be subject to requisite regulatory approvals and expect the transaction to be executed and completed in the course of Q2 2013
18/01/2013Business Event Production update
The company announces that in Q4 2012, its overall production of crude steel decreased by 6.00% compared to Q3 2012. Consolidated production of finished steel goods was largely flat quarter-on-quarter, whilst the proportion of finished steel products in company's total output increased to 80.0% in Q4 2012 compared with 73.0% in Q3 2012. Consolidated output of iron ore products remained broadly flat vs. Q3 2012 with increased output of sinter and pellets. Raw coking coal production at Yuzhkuzbassugol decreased by 6.00% compared to Q3 2012. Production at company's rail mill was recommenced on 15 January 2013 following the successful completion of the modernisation project. The company has completed the implementation of the PCI project, which is expected to reach designed technical parameters in Q1 2013. Production of crude steel at company's Vitkovice in the Czech Republic resumed in January 2013, while the rolling mills had been in operation in Q4 2012
16/01/2013Corporate Action Issue of equity
The company has issued 133m new Ords representing 9.90% of the existing issued share capital to the shareholders of the seller, with each receiving 50.0% of the new company shares issued. The new company shares will be admitted to the official list of the UKLA and to trading on the main market of the LSE with effect from 16 January 2013
16/01/2013Acquisition Completion of Raspadskaya acquisition
The company had agreed the terms of an acquisition of a further 50.0% interest in Corber Enterprises Ltd from Adroliv Investments Ltd. The company announces that it has completed the acquisition, subject to admission to listing and to trading
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