REG-Polymetal International plc Polymetal: Auditor appointment

Polymetal International PKAnnouncement

23/06/2022 07:15

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   Polymetal International plc (POLY)
   Polymetal: Auditor appointment

   23-Jun-2022 / 09:01 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Release IMMEDIATE                                                       
   time    LSE, MOEX, AIX: POLY / ADR: AUCOY
   Date    23 June 2022

    

    

   Polymetal International plc

   Auditor appointment

   Polymetal announces the appointment of a new auditor. 

   Following Deloitte LLP's decision, at its own initiative, not to stand for
   election by the shareholders at the AGM that took place in April 2022 (see
   the related press release at the  1 link), the Audit and Risk Committee of
   the Board of Directors of  Polymetal International plc held a  competitive
   tender process in  compliance with the  Competition and Markets  Authority
   regulations, applicable EU  requirements and  Financial Reporting  Council
   guidance.

   As a  result of  evaluation  of the  tender  participants, the  option  of
   engaging MHA MacIntyre Hudson  LLP (an independent  member of Baker  Tilly
   International Limited)  as  a  group  auditor  jointly  with  AO  Business
   Solutions and  Technologies (previously  AO Deloitte  & Touche  CIS) as  a
   component auditor was considered a preferred option, which was recommended
   by the Audit and Risk Committee  and approved by the Board. MHA  MacIntyre
   Hudson LLP will act until the conclusion of the 2023 AGM at which  meeting
   the Group  auditor will  be proposed  to shareholders  for appointment  by
   ordinary resolution.

   The new Group auditor's  initial engagement is the  review of the 1H  2022
   interim financial  statements, which  is  planned to  be published  on  22
   September 2022 and, thereafter,  the annual audit for  the year ending  31
   December 2022.

   The Company has  analysed its legal  position and has  concluded that  the
   appointment of  MHA  MacIntyre Hudson  LLP  is not  contradictory  to  any
   applicable sanctions. The Company is not  an entity or a body  established
   in Russia and does not consider itself to be an entity owned by or  acting
   on behalf or at the direction of a ‘person connected with Russia’ (see the
   related press release at the  2 link).

   The Company is in  compliance with the provisions  of The Statutory  Audit
   Services for Large Companies Market Investigation Order 2014.

   Enquiries

       Investor Relations
   Polymetal         3 ir@polymetalinternational.com

   Evgeny Monakhov  +44 20 7887 1475 (UK)

   Timofey Kulakov   

   Kirill Kuznetsov +7 812 334 3666 (Russia)

   Forward-looking statements

   DUE TO THE  RECENT MASSIVE DDOS  ATTACKS, OUR WEBSITE  MAY BE  TEMPORARILY
   UNAVAILABLE, THOUGH WE WILL CONTINUE  DISTRIBUTION AND PUBLISHING ALL  OUR
   ANNOUNCEMENTS THERE. THEY WILL BE FULLY AVAILABLE WHEN THE SITE RETURNS TO
   NORMAL OPERATION.

   This release may  include statements  that are, or  may be  deemed to  be,
   “forward-looking statements”. These forward-looking statements speak  only
   as at the date  of this release. These  forward-looking statements can  be
   identified by the use of forward-looking terminology, including the  words
   “targets”,  “believes”,  “expects”,  “aims”,  “intends”,  “will”,   “may”,
   “anticipates”, “would”, “could” or “should” or similar expressions or,  in
   each  case  their  negative  or  other  variations  or  by  discussion  of
   strategies, plans, objectives, goals,  future events or intentions.  These
   forward-looking statements  all include  matters that  are not  historical
   facts. By their nature, such forward-looking statements involve known  and
   unknown risks,  uncertainties  and  other  important  factors  beyond  the
   company’s control  that could  cause the  actual results,  performance  or
   achievements of  the  company  to  be  materially  different  from  future
   results,  performance  or  achievements  expressed  or  implied  by   such
   forward-looking statements. Such forward-looking  statements are based  on
   numerous assumptions regarding the  company’s present and future  business
   strategies and the environment  in which the company  will operate in  the
   future.  Forward-looking   statements  are   not  guarantees   of   future
   performance. There are many factors that could cause the company’s  actual
   results, performance  or  achievements  to differ  materially  from  those
   expressed  in  such  forward-looking  statements.  The  company  expressly
   disclaims any  obligation or  undertaking to  disseminate any  updates  or
   revisions to any  forward-looking statements contained  herein to  reflect
   any change in the company’s expectations with regard thereto or any change
   in events, conditions or  circumstances on which  any such statements  are
   based.

    

    

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   ISIN:          JE00B6T5S470
   Category Code: MSCM
   TIDM:          POLY
   LEI Code:      213800JKJ5HJWYS4GR61
   Sequence No.:  170056
   EQS News ID:   1381751


    
   End of Announcement EQS News Service

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    4 fncls.ssp?fn=show_t_gif&application_id=1381751&application_name=news&site_id=refinitiv

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f46ba6a2233c7b72c4b9ed2231359c4c&application_id=1381751&site_id=refinitiv&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e0693bb054a5ee3a04e58a07923a349e&application_id=1381751&site_id=refinitiv&application_name=news
   3. mailto:ir@polymetalinternational.com


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