Brief: Russia's Polymetal buys back some of its shares in 1st tranche of exchange offer

Polymetal International PK

12/12/2022 07:00

Dec 12 (Reuters) - Russian gold and silver producer
Polymetal  POLYP.L  says:
    * A total of 39,070,838 shares have been repurchased under
the
first tranche of its exchange offer on Dec 9
    * Polymetal holds these shares in treasury and intends to
cancel
them
    * The cancellation is contingent upon the relaxation of the
restrictions on the sanctions-hit Russian domestic paying agent,
NSD
    * Until the restrictions are relaxed, these shares will be
held in
treasury by Polymetal and will not be available for re-issue

Source text for Eikon:  urn:newsml:reuters.com:*:nEQ4FR3HZa
Further company coverage:  POLYP.L 
 (Reporting by Reuters)