UK steel maker and miner Evraz raises $199.7 mln in stock offering

03/20/2019 9:43:00 AM (GMT)

British steelmaking and mining company Evraz PLC has raised 151.1 million pounds ($199.7 million) in a stock offering.

Evraz revealed that four backers have closed on the sale of a combined 25.4 million shares in the company at $7.87 per share.

Of the 25.4 million shares, 11.5 million were sold by Greenleas International Holdings, 8.5 million by Abiglaze Ltd., 4.2 million by Crosland Global Ltd., and 1.2 million by Toshi Holdings Ltd.

Following the placing, the four backers are subject to a lock-up of 60 days for their remaining shares in Evraz.

Evraz PLC

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