Company Demerger

6022tivo

??? I have shares in a company called "EVRAZ PLC ORD USD0.05"

I'm a bit on a amateur so forgive me. 

I've had a message as below. 
I don't want to faff with a Russian exchange, so as I understand this message I don't do anything and in November I'll get some cash from somewhere into my account?? 

Also, after that I still own some Evraz shares? Is this right.

So - Do nothing, get a little cash in November and I still hold and have the ability to trade my Evraz??

EVRAZ PLC ORD USD0.05

Event Type

Demerger

Terms: 0.4255477880 RASP shares for each Evraz plc share held, which will then be sold via a Share Sale Facility
Record date: 15th February 2022
Expected Pay date: 4th November 2022

Evraz plc has announced its intention to Demerge its coal business Raspadskayam (RASP, a Russian only listed stock). Holders will be issued with 0.4255477880 in RASP shares for each Evraz plc share held. For registered holders that are not able to hold Russian listed stock, the company are offering a Share Sale Facility whereby the RASP entitlements will be sold at a date and price to be determined. Since Interactive Investor do not support trading on the Moscow Exchange, we will be participating in the Share Sale Facility. Therefore, instead of receiving RASP shares, holders will receive cash in USD at a rate yet to be determined. Accounts will be credited upon receipt of the money. This is expected, although not guaranteed, to be by 4th November 2022.

Alternatively, if you wish to keep your entitlement to RASP shares rather than participate in the Share Sale Facility, you will need to contact us by phone and request that your shares are withdrawn from our custody and re-registered into your own name or with another broker/custodian. Any such requests will need to be completed prior to the record date of 15th February 2022 and the withdrawal process can take several days to complete, so please bear this in mind if you choose to do this. Once withdrawn, in order to receive RASP shares you will need to hold them in an eligible account through an eligible broker under the terms of the Demerger Circular. Please see the circular (available on the Evraz plc website at the address below) for further details of the process you would need to follow to receive RASP shares. Please note, we are unable to provide details of eligible brokers through which you could hold the RASP shares.

https://www.evraz.com/en/investors/demerger/

Thrugelmir

By doing nothing your holding in the demerged company will be sold and the proceeds credited to your account.  The price of your Evraz plc shares will then reflect value the market places on the remaining business. This will be a reduction. Often the markets look favourably on demergers as this action realises hidden value.