Director dealings: Evraz execs lower stakes

19th Mar 2019 13:32

(Sharecast News) - Evraz chairman Alexander Abramov disposed of 8.47m ordinary shares in the FTSE 100-listed steelmaker on Tuesday.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 BuysLloyds Banking Group (LLOY)Director name: Mr Antonio Horta-OsorioAmount purchased: 213,136 @ 65.28pValue: £139,135 Lloyds Banking Group (LLOY)Director name: Mr George CulmerAmount purchased: 102,305 @ 65.28pValue: £66,785 Lloyds Banking Group (LLOY)Director name: Mr Juan ColombásAmount purchased: 100,885 @ 65.28pValue: £65,858 Maestrano Group (MNO)Director name: Mr Ian BudderyAmount purchased: 500,000 @ 2.90pValue: £14,500 Top Director SellsEvraz (EVR)Director name: Mr Alexander AbramovAmount sold: 8,470,900 @ 595.00pValue: £50,401,855 Evraz (EVR)Director name: Mr Alexander FrolovAmount sold: 4,229,100 @ 595.00pValue: £25,163,145 Evraz (EVR)Director name: Mr Eugene ShvidlerAmount sold: 1,206,500 @ 595.00pValue: £7,178,675 Schroders (SDR)Director name: Mr Peter HarrisonAmount sold: 41,004 @ 2,726.97pValue: £1,118,167 Schroders (SDR)Director name: Mr Peter HarrisonAmount sold: 34,279 @ 2,726.97pValue: £934,778 Pagegroup (PAGE)Director name: Mr Stephen InghamAmount sold: 128,988 @ 484.96pValue: £625,540 Schroders (SDR)Director name: Mr Peter HarrisonAmount sold: 19,716 @ 2,726.97pValue: £537,649 Imperial Brands (IMB)Director name: Ms Alison CooperAmount sold: 11,182 @ 2,639.38pValue: £295,135 Pagegroup (PAGE)Director name: Mr Kelvin StaggAmount sold: 59,479 @ 484.96pValue: £288,449 Pagegroup (PAGE)Director name: Mr Stephen InghamAmount sold: 36,580 @ 479.74pValue: £175,489