REG-Polymetal International plc Polymetal: Extension to Exchange Offer Timetable

Polymetal International PKAnnouncement

06/10/2022 07:00

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Polymetal International plc (POLY)
Polymetal: Extension to Exchange Offer Timetable

06-Oct-2022 / 09:00 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
Date         06 October 2022                                 ADR: AUCOY
                                                    

Polymetal International plc

  Extension to Exchange Offer Timetable

Polymetal announces its intention to extend the period for the exchange of certain Eligible Shares  in
consideration for Certificated Shares  as announced in  the Exchange Offer on  22 September 2022.  The
Exchange Offer remains, amongst other considerations,  subject to shareholder approval at the  General
Meeting which will be held at 10 am (BST) on Wednesday 12 October 2022 at etc.venues Fenchurch Street,
8 Fenchurch Pl, EC3M 4PB, London.  The time and date of the  General Meeting has not changed and  will
take place as scheduled.

Unless otherwise defined herein, defined terms have the same meaning as defined in the Circular.

Pursuant to the terms of the Exchange Offer set out in the combined shareholder circular and notice of
General Meeting published by the Company on 22 September 2022 (the "Circular"), and as set out in  the
announcement dated the same, the Company exercises its  right to extend the period for exchange  under
the Exchange Offer. The expected  timetable for the General Meeting  and Exchange Offer is updated  as
follows:             

            2022

Exchange Offer opens 22 September

Latest time and date for receipt of proxy forms1  by 10 a.m. on 10 October

General Meeting   10 a.m. on 12 October

Announcement of results of General Meeting   12 October

Latest time and date for receipt of Tender Forms and

accompanying documentation                                                                          by
4 p.m. on 3 November

Exchange Offer closes                                                                                
         4 p.m. on 3 November

Record Date for the Exchange Offer                                                                   
 5 p.m. on 3 November

Conditional notification to participating shareholders of successful tenders                         4
November

Notification to participating shareholders of any other information required                       10
November

Response to additional information requests of the Company                      by 4 p.m. on 17
November

Unconditional notification to participating shareholders of

successful tenders                                                                                  
 10 November to 9 December               

Latest time for completion of individual exchanges                                                 
 up to 16 December

Announcement of results of each exchange                                                           
 up to 19 December

 (1) CREST  members and,  where  applicable, their  CREST sponsors  or  voting service  providers  are
referred, in particular, to those sections of the CREST Manual concerning practical limitation of  the
CREST system and timings and to the relevant website at www.euroclear.com.

The above times and/or dates may be subject to further  change by the Company and in the event of  any
such change,  the revised  times and/or  dates will  be notified  to Shareholders  by an  announcement
through a Regulatory Information Service.

References to times in this announcement are to British Summer Time up to an including 29 October 2022
and, from then on, Greenwich Mean Time. 

For the avoidance of doubt, the latest time and date for receipt of proxy forms and the time and  date
of the General Meeting has not changed. Shareholders  from whom shares are exchanged are not  entitled
to have voted those shares on certain of the Resolutions. Specifically, it is a condition of the terms
of any such exchange that a  Shareholder has not voted, in connection  with resolution 1 and 2 of  the
Resolutions, the shares which are subject to exchange.

You are therefore reminded that, if you intend to tender shares under the Exchange Offer, you are  not
eligible to vote such shares on certain of  the Resolutions, irrespective of whether such shares  have
been offered for exchange prior to the time and date of the General Meeting.

No conditional notifications of successful tenders  will be sent to participating shareholders  unless
and until all Resolutions have been passed at the General Meeting.

As a result of closing of  the Exchange Offer, and posting  of notifications of successful tender,  to
occur after the date of the General Meeting:

• the Exchange Offer will automatically lapse prior to its closing if the Resolutions are not passed;

• no Conditional Notices of Successful Tender will be posted if the Exchange Offer lapses;

• references in  the Circular  to a  Conditional  Notice of  Successful Tender  being subject  to  the
approval of the Resolutions will no longer be subject thereto; and

• references to advice that you do not complete and return a Form of Proxy in respect of any  Eligible
Shares for which you have submitted a Tender  Form (unless you have received a Notice of  Unsuccessful
Tender) should be considered as advice  not to complete and return a  Form of Proxy in respect of  any
Eligible Shares for which you have submitted, or intend to submit, a Tender Form.

Further details of the Exchange Offer can be found in the Circular and in the FAQs, both of which  can
be                                              found                                              at:
 1 https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/general-meetings/.
Save for the extended period for exchange and points referred to above, no other terms of the Exchange
Offer are hereby amended.

In addition, further  to the announcement  on 22 September  2022, the Company  wishes to clarify  that
Euroclear UK & International Limited (the central securities depository in the UK) is the operator  of
CREST (the relevant system for  paperless settlement of share transfers  and the holding of shares  in
uncertificated form).

Enquiries

    Investor Relations
Polymetal         2 ir@polymetalinternational.com

Evgeny Monakhov  +44 20 7887 1475 (UK)
Timofey Kulakov
Kirill Kuznetsov +7 812 334 3666 (Russia)

 

 

                                      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
   LEI Code:      213800JKJ5HJWYS4GR61
   Sequence No.:  192712
   EQS News ID:   1457773


    
   End of Announcement EQS News Service

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References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8451a6364257fcf3805078e534fbdea3&application_id=1457773&site_id=reuters8&application_name=news
   2. mailto:ir@polymetalinternational.com


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