Polymetal falls as shares set to delist from LSE

Polymetal International PK

21/07/2023 10:22

** Shares of gold and silver producer Polymetal
International  POLYP.L  fall as much as 11.8% to 190p
    ** Stock among top pct. losers on London exchange 
    ** Co says shares to stop trading on LSE after August 1 
    ** POLYP plans to complete re-domiciling from Jersey to
Kazakhstan on August 7
    ** Co announced in January its plans to move domicile and
primary listing, currently in Jersey and London respectively, to
"Russia-friendly" Kazakhstan
    ** Adds after re-domiciliation, POLYP shares will not be
compatible with LSE listing requirements
    ** If losses hold, POLYP stock set to post biggest one-day
loss in two months
    ** As of last close, stock down 12.2% YTD


    
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))