EN+ Sanctions a 'Huge Surprise,' Chairman Barker Says

The transcript discusses the unexpected sanctions on a company linked to Oleg Deripaska, which led to a significant restructuring effort. Initially, the sanctions were a shock, but with advice and strategic planning, a rescue plan was developed to remove Deripaska's control. This involved engaging with the US government and other stakeholders. The plan successfully reduced Deripaska's influence, transforming the board with independent directors, marking a significant event for a London-listed Russian company.

What was the initial reaction of the company when sanctions were imposed on Deripaska?

What advice did the speaker receive from senior people in the city regarding his role?

How did the speaker feel about the possibility of Deripaska consenting to become a minority shareholder?

What significant change occurred in the control of the company after the sanctions?

What was the outcome for Deripaska's control over the company after the changes were made?