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Evraz Applies for Admission to Listing of GDRs and Bonds
09/16/2009 - Evraz Group S.A. has made a block listing application for the admission of up to 93,399,999 global depositary receipts to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange. It also applied for US$650 million senior unsecured convertible 7.25% bonds due 2014 to be admitted.
Evraz Group S.A. has made a block listing application for the admission of up to 93,399,999 Global Depositary Receipts (GDRs) to the Official List of the UK Listing Authority and to trading on the regulated market of the London Stock Exchange. Each GDR represents one-third of an ordinary share in the capital of the company.
Evraz has applied for the block listing to admit to listing GDRs to be issued from time to time upon conversion of the bonds and additional GDRs that may be issued by the company in the future for other purposes.
The company also applied for US$650 million senior unsecured convertible 7.25% bonds due 2014 to be admitted to the Official List of the UK Listing Authority and to trading on the Professional Securities Market of the London Stock Exchange.
The company expected admission to be granted for both the GDRs and the bonds on September 10.
Evraz Group S.A. is one of the largest vertically integrated steel, mining, and vanadium businesses in the world. In 2007, Evraz produced 16.4 million tonnes of crude steel, 12.6 million tonnes of pig iron, and 15.2 million tonnes of rolled products.
