2012.06.25 | Russia’s Evraz holders approve 10% buyback from marketShareholders of U.K.-based metals and mining giant Evraz Plc, operating mainly in Russia, have approved bu ying back up to 10% of its shares from the market, the company said Monday.
The buyback offer will be valid until the next meeting in 2013. The company plans to purchase about 134 million shares with a 5% premium of the market price.
Evraz Plc’s major shareholder is Lanebrook Limited with a 72.2% stake, which is controlled by Russian billionaire Roman Abramovich, Evraz’ Chairman Alexander Abramov, Evraz President Alexander Frolov, and Yevgeny Shvidler, head of investment company Millhouse LLC, reportedly owned by Abramovich and Shvidler.
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