REG-Polymetal International plc Polymetal: Response to the escalation in Ukraine

Polymetal International PKAnnouncement

24/02/2022 11:45

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   Polymetal International plc (POLY)
   Polymetal: Response to the escalation in Ukraine

   24-Feb-2022 / 14:31 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    24 February 2022

    

    

   Polymetal International plc

   Response to the escalation in Ukraine

   In response to the escalation in  Ukraine, Polymetal reports that all  its
   operations in  Russia  and Kazakhstan  continue  as usual.  The  sanctions
   announced to date have not affected Polymetal.

   The rapid deterioration in the situation in Ukraine has led to a  material
   increase in  possibility of  additional and  more severe  sanctions to  be
   imposed by the EU, the  UK and the US. The  scope and impact of these  new
   potential sanctions (and any potential counter-sanctions) is yet  unknown,
   however they might affect  key Russian financial  institutions as well  as
   mining companies.  Polymetal  believes  that  targeted  sanctions  on  the
   Company  remain  unlikely.   Contingency  planning   has  been   initiated
   proactively to  ensure business  continuity,  including selection  of  key
   equipment suppliers, liquidity management, debt portfolio  diversification
   and securing sales channels.

   Polymetal reiterates  its  production  and  cost  guidance  for  2022  and
   confirms release of its 2021 financial results on the 2nd of March 2022.

   About Polymetal 

   Polymetal International plc (together with its subsidiaries - "Polymetal",
   the "Company", or the "Group") is a top-10 global gold and 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
                          +44 20  Monakhov   +44 20 7887 1475 (UK)
   Leonid Fink            3727
                          1000    Timofey     
   Viktor Pomichal                Kulakov
                                             +7 812 334 3666 (Russia)
                                  Kirill
                                  Kuznetsov
       Joint Corporate Brokers         
                          +44 20
   Morgan Stanley & Co.   7425
   International plc      8000

   Andrew Foster                  RBC Europe
                                  Limited
   Richard Brown           
                                  Marcus     +44 20 7653 4000
   Panmure Gordon                 Jackson

   John Prior                     Jamil Miah

   Rupert Dearden         +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:  MSCH
   TIDM:           POLY
   LEI Code:       213800JKJ5HJWYS4GR61
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   145203
   EQS News ID:    1287901


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@polymetalinternational.com


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