REG-Polymetal International plc Polymetal: Board changes

Polymetal International PKAnnouncement

04/03/2020 07:05

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   Polymetal International plc (POLY)
   Polymetal: Board changes

   04-March-2020 / 10:03 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 time IMMEDIATE                     LSE, MOEX, AIX: POLY / ADR:
                AUCOY
   Date         04 March 2020

    

    

   Polymetal International plc

   Board changes

   Polymetal announces changes in its Board of Directors.

   Christine Coignard  (Independent Non-Executive  Director) and  Jean-Pascal
   Duvieusart (Non-Executive Director)  have notified the  Company that  they
   will not be standing for re-election  at the upcoming AGM. Andrea Abt  has
   been appointed as an Independent Non-Executive Director.

   Ms Coignard commented: "At  the time of  the AGM, I  will have served  six
   years on Polymetal's Board: as  Senior Independent Director; Chair of  the
   Remuneration Committee; a member of both the Audit and Risk Committee  and
   the Nomination Committee. These have been exciting times during which, and
   on all strategic,  operational, financial  and ESG  fronts, Polymetal  has
   become a world leader in the precious metals sector. It has been an honour
   to have contributed  to this  in my  role as  a Director.  As the  Company
   embarks on the next phase of its development and fine tunes its  corporate
   culture including diversity across all levels of the organisation, I  feel
   it is time for me to move on and  make room for new sets of skills on  the
   Board. I  thank  all our  shareholders  for their  strong  and  consistent
   support over these years.  I also thank all  my colleagues throughout  the
   organisation for our efforts  as a team and  for the exceptional times  we
   had the chance to work together, especially at the production units."

   Mr Duvieusart was  appointed as  the Executive  Director and  CEO of  Home
   Credit N.V.  in January  2020 and  decided not  to hold  the  directorship
   position in Polymetal concurrently.

   Ian Cockerill, Board  Chair, commented:  "I am thankful  to Christine  and
   Jean-Pascal for their contribution to the Company's success. As the  Chair
   of the  Remuneration  Committee, Christine  has  been pivotal  in  shaping
   Polymetal's governance  and  remuneration  practices.  Congratulations  to
   Jean-Pascal on his new role and I appreciate that it is no longer possible
   to continue as a non-executive Director. I am also glad to welcome Andrea,
   an  inspired  professional  with  diverse  and  successful  executive  and
   directorship track  record. She  brings crucial  skills for  Polymetal  of
   supply   chain   management   and   successful   implementation   of    IT
   transformation."

   Andrea Abt

   Ms Abt has almost 30 years  of experience in international management  and
   leadership roles  in a  wide variety  of challenging  environments in  the
   Daimler Benz and  Siemens groups:  building organisations,  consolidating,
   turning them around in the  areas of transportation (rail and  aerospace),
   logistics,  IT  and   more  traditional   manufacturing  businesses.   Her
   background includes leading teams in sales, services, procurement and most
   recently, Chief Procurement Officer and Head of Supply Chain Management of
   global  organisations.  Since  2014,  she  focused  on  an   international
   portfolio of non-executive and supervisory  board positions mainly in  the
   UK and Germany  in a broad  range of  industries. Ms Abt  holds MA  degree
   (equivalent) in  Language  and Literature  from  the University  of  Bonn,
   Germany, and MBA from Rotman School of Management, University of  Toronto,
   Canada.

   There is no further information  required to be disclosed under  paragraph
   9.6.13 of the  United Kingdom  Listing Rules, except  for the  information
   below:

   Current directorships:

     • John Laing Group PLC (LSE). Non-Executive Director since 2018
     • Petrofac Ltd. (LSE). Non-Executive Director since 2016
     • Gerresheimer AG (XETRA). Non-Executive Director since 2015

   Previous directorships:

     • SIG PLC (LSE). Non-Executive Director since 2015 until 2020
     • Brammer PLC (delisted from LSE in 2017). Non-Executive Director  since
       2014 until 2017

   Changes in Committees which will become effective following the AGM on  27
   April 2020

     • Ollie Oliveira will  succeed Christine  Coignard as the  Chair of  the
       Remuneration Committee
     • Giacomo Baizini will step down from the Remuneration Committee
     • Andrea Abt will join the Audit and Risk Committee
     • Victor Flores will join the Safety and Sustainability Committee.

   About Polymetal 

   Polymetal International plc (LSE, MOEX:  POLY, ADR: AUCOY) (together  with
   its subsidiaries - "Polymetal", the "Company", or the "Group") is a top-20
   global gold producer  and a top-5  global silver producer  with assets  in
   Russia and Kazakhstan. The  Company combines strong  growth with a  robust
   dividend yield.

   Enquiries

       Media                      Investor Relations
                              Polymetal
                                              1 ir@polymetalinternational.com
   FTI Consulting             Evgeny
                              Monakhov       +44 20 7887 1475 (UK)
   Leonid Fink     +44 20
                   3727 1000  Timofey         
   Viktor Pomichal            Kulakov
                                             +7 812 334 3666 (Russia)
                              Kirill
                              Kuznetsov
       Joint Corporate             
       Brokers
                   +44 20
   Morgan Stanley  7425 8000
                              RBC Europe
   Andrew Foster              Limited

   Richard Brown              Marcus Jackson +44 20 7653 4000

   Panmure Gordon             Jamil Miah

   James Stearns   +44 20
                   7886 2500

    

   Forward-looking statements

   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
   Sequence No.:  50285
   EQS News ID:   989067


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@polymetalinternational.com


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