REG-Polymetal International plc Polymetal International plc: Shareholder's Director Nomination

Polymetal International PKAnnouncement

25/01/2019 07:00

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Polymetal International plc (POLY)
Polymetal International plc: Shareholder's Director Nomination

25-Jan-2019 / 10:00 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU)
No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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Release time IMMEDIATE                                                                 LSE, MOEX: POLY /
             ADR: AUCOY
Date         25 January 2019

 

Polymetal International plc

Shareholder's Director Nomination

Polymetal International plc has  been contacted by  Public Joint Stock  Company Bank Otkritie  Financial
Corporation ("Otkritie"),  a shareholder  having 6.93%  shares in  the issued  capital of  the  Company,
indicating that it would like to propose a director for appointment to the Board of Polymetal.

The directors have considered  Otkritie's intention and believe  it to be appropriate  for the Board  to
permit the shareholders of the Company to evaluate and vote on the proposed nomination. Accordingly, the
Company today  has  convened a  General  Meeting (the  "GM")  of shareholders,  which  will be  held  on
Wednesday, 13 February 2019 at 10:30 am (GMT) at Etc Venues St Paul's, 200 Aldersgate, London, EC1A 4HD.
Following the  convening of  the  GM, Otkritie  complied with  the  relevant provisions  of  Polymetal's
Articles of Association permitting  a member qualified to  vote at a general  meeting of the Company  to
nominate a person for appointment  as a director. The name  and biographical details of Artem  Kirillov,
Otkritie's nominee, are set out in the notice of the GM.

Due to the nature of Mr Kirillov's nomination by  Otkritie, he (if appointed) will not be considered  an
independent non-executive director  of the Company.  Polymetal maintains a  strong corporate  governance
culture in  line  with  UK  corporate  governance  best  practice,  with  the  majority  of  independent
non-executive Directors  representing the  interest of  all shareholders.  The Board  believes that  the
performance of each existing Director continues  to be effective and demonstrates continuing  commitment
to the role, including  commitment of time for  Board and Committee meetings  and any other duties.  The
Board continues  to  believe  that  it  benefits substantially  from  their  individual  and  collective
experience and expertise, and that this has enabled Polymetal to continue to deliver on each of its  key
objectives. Accordingly, the  Board does not  consider that  the performance of  the existing  Directors
necessitates any changes  to the composition  of the current  Board. Nonetheless, the  Board welcomes  a
constructive dialogue with all shareholders, including Otkritie. Accordingly, the Board recommends  that
the shareholders give due consideration to the nomination of Mr Kirillov, but will not recommend to vote
for his election.

In connection with the GM, the following documents have been made available to shareholders:

  • Notice of General Meeting;
  • Proxy Form;
  • Nomination Notice; and
  • Consent to Act.

Copies of  the above  documents  have been  submitted to  the  National Storage  Mechanism and  will  be
available at  1 http://www.morningstar.co.uk/uk/NSM shortly  and are  also  available on  the  Company's
website
at  2 https://www.polymetalinternational.com/en/investors-and-media/shareholder-centre/general-meetings/

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 top-5 global silver producer  with
assets in Russia,  Kazakhstan and Armenia.  The Company combines  strong growth with  a robust  dividend
yield.

Enquiries

    Media                            Investor Relations
FTI Consulting                   Polymetal                            3 ir@polymetalinternational.com

Leonid Fink     +44 20 3727 1000 Evgenia Onuschenko                  +44 20 7016 9505 (UK)

Viktor Pomichal                  Michael Vasiliev                    +7 812 334 3666 (Russia)
    Joint Corporate Brokers           
Morgan Stanley
                +44 20 7425 8000
Andrew Foster
                                 RBC Europe Limited
Richard Brown
                                 Tristan Lovegrove                   +44 20 7653 4000
Panmure Gordon
                                 Marcus Jackson
Charles Lesser
                +44 20 7886 2500
James Stearns

 

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 BASE.

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   ISIN:          JE00B6T5S470
   Category Code: NOG
   TIDM:          POLY
   Sequence No.:  7251
   EQS News ID:   769485


    
   End of Announcement EQS News Service

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    4 fncls.ssp?fn=show_t_gif&application_id=769485&application_name=news&site_id=reuters6

References

   Visible links
   1. https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d16e1e2c58f305fa956b4e96999f613e&application_id=769485&site_id=reuters6&application_name=news
   2. https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=8451a6364257fcf3805078e534fbdea3&application_id=769485&site_id=reuters6&application_name=news
   3. mailto:ir@polymetalinternational.com


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