Director dealings: Evraz execs lower stakes
Evraz chairman Alexander Abramov disposed of 8.47m ordinary shares in the FTSE 100-listed steelmaker on Tuesday.
Evraz
80.89p
17:30 25/03/24
FTSE 100
7,971.74
15:15 28/03/24
FTSE 350
4,392.51
15:15 28/03/24
FTSE All-Share
4,346.88
15:15 28/03/24
Industrial Metals & Mining
6,257.51
15:15 28/03/24
Abramov, who took on the role of chairman back in October 2011, sold the shares at an average price of 595p each, for a total value of £50.4m.
Chief executive Alexander Frolov and non-executive director Eugene Shvidler also lowered their stakes on Tuesday, with Frolov letting go of 4.22m shares for a total of £25.16m and Shvidler disposing of 1.2m for a total of £7.17m.
Evraz reported “robust” free cash flow of $1.94bn in its annual results back in February, rising from $1.32bn year-on-year.
The Russia-focussed mining giant’s consolidated revenue was ahead 18.6% at $12.84bn, while its profit from operations surged 77.6% to $3.53bn.
It reported a continued reduction in net debt over the year, to $3.6bn from $4bn, and the company claimed a total EBITDA effect from its cost-cutting and customer focus initiatives of $340m for the year.
As of 1620 GMT, Evraz shares had fallen 4.51% to 601.60p.
Top Director Buys
Lloyds Banking Group (LLOY)
Director name: Mr Antonio Horta-Osorio
Amount purchased: 213,136 @ 65.28p
Value: £139,135
Lloyds Banking Group (LLOY)
Director name: Mr George Culmer
Amount purchased: 102,305 @ 65.28p
Value: £66,785
Lloyds Banking Group (LLOY)
Director name: Mr Juan Colombás
Amount purchased: 100,885 @ 65.28p
Value: £65,858
Maestrano Group (MNO)
Director name: Mr Ian Buddery
Amount purchased: 500,000 @ 2.90p
Value: £14,500
Top Director Sells
Evraz (EVR)
Director name: Mr Alexander Abramov
Amount sold: 8,470,900 @ 595.00p
Value: £50,401,855
Evraz (EVR)
Director name: Mr Alexander Frolov
Amount sold: 4,229,100 @ 595.00p
Value: £25,163,145
Evraz (EVR)
Director name: Mr Eugene Shvidler
Amount sold: 1,206,500 @ 595.00p
Value: £7,178,675
Schroders (SDR)
Director name: Mr Peter Harrison
Amount sold: 41,004 @ 2,726.97p
Value: £1,118,167
Schroders (SDR)
Director name: Mr Peter Harrison
Amount sold: 34,279 @ 2,726.97p
Value: £934,778
Pagegroup (PAGE)
Director name: Mr Stephen Ingham
Amount sold: 128,988 @ 484.96p
Value: £625,540
Schroders (SDR)
Director name: Mr Peter Harrison
Amount sold: 19,716 @ 2,726.97p
Value: £537,649
Imperial Brands (IMB)
Director name: Ms Alison Cooper
Amount sold: 11,182 @ 2,639.38p
Value: £295,135
Pagegroup (PAGE)
Director name: Mr Kelvin Stagg
Amount sold: 59,479 @ 484.96p
Value: £288,449
Pagegroup (PAGE)
Director name: Mr Stephen Ingham
Amount sold: 36,580 @ 479.74p
Value: £175,489