The British regulator of financial markets (FCA) has temporarily suspended the listing of shares of the Evraz steel holding, the largest shareholder of which Roman Abramovich was sanctioned by London. The decision was made to protect investors pending clarification of the impact of new restrictions, according to a message on the website of the London Stock Exchange.
Abramovich was among the Russian businessmen and top managers who were included in the London sanctions list on March 10. The restrictions include asset freezes and entry bans.
Abramovich directly owns 28.64% of Evraz, until February the businessman controlled this package through Greenleas International Holdings, registered in the British Virgin Islands. Other major shareholders of the company are Alexander Abramov’s Abiglaze Ltd (19.32%) and Alexander Frolov’s Crosland Global Ltd (9.65%). Gennady Kozovoy owns 5.74% of the shares, Maxim Vorobyov – 3.01%.
The day before, Evraz said that they do not rule out the suspension of listing on the London Stock Exchange. The board of directors of the company also decided to cancel the interim dividend payment announced in February in the amount of $0.5 per share. The total amount of payments was to be $729 million.