REG-Polymetal International plc Polymetal: Results of the first tranche of the Exchange Offer

Polymetal International PKAnnouncement

12/12/2022 07:00

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   Polymetal International plc (POLY)
   Polymetal: Results of the first tranche of the Exchange Offer

   12-Dec-2022 / 10:00 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         12 December 2022                                ADR: AUCOY
                                                       

   Polymetal International plc  

     Results of the first tranche of the Exchange Offer

    

   Further to  the Exchange  Offer  announced on  22  September 2022  and  as
   approved by Shareholders at  the General Meeting on  12 October 2022,  the
   Board of Polymetal  International plc (“Polymetal”  or the “Company”)  are
   pleased to announce that a total of 39,070,838 Ordinary Shares, have  been
   repurchased by the Company under the  first tranche of the Exchange  Offer
   on 9 December 2022 (the "First Exchanged Shares").

   The First Exchanged Shares  have been repurchased under  the terms of  the
   Exchange Offer as  set out in  the shareholder circular  published by  the
   Company on 22 September 2022 (the "Circular"). The First Exchanged  Shares
   have been repurchased  in consideration for  the issuance of  Certificated
   Shares, on  a one-for-one  basis (the  “First Certificated  Shares”).  The
   First Certificated Shares will enjoy the  same rights and ISIN as, and  be
   fungible with, the Ordinary Shares in all respects.

   Following the repurchase of the First Exchanged Shares and the issuance of
   the corresponding First  Certificated Shares, the  total number of  voting
   rights in the Company remains unchanged and is 473,626,239 Ordinary Shares
   of no par  value, each  carrying one  vote. The  Company holds  39,070,838
   Ordinary Shares in  treasury, which do  not enjoy any  voting or  economic
   rights.  Polymetal  intends  to  cancel  these  shares.  However,  such  a
   cancellation is contingent upon the relaxation of the restrictions on  NSD
   and until such time that the restrictions are relaxed, the First Exchanged
   Shares will be held in treasury by  the Company and will not be  available
   for re-issue.

   The  above  figure  of  473,626,239   Ordinary  Shares  may  be  used   by
   shareholders (and others with notification obligations) as the denominator
   for the calculations by which they will determine if they are required  to
   notify their interest  in, or  a change  in their  interest in,  Polymetal
   under the FCA's Disclosure Guidance and Transparency Rules.

   The Company announced the extension to the settlement period in connection
   with the Exchange  Offer on 8  December 2022. Any  further repurchases  of
   Ordinary Shares under the Exchange Offer will be notified to  Shareholders
   by an announcement through a Regulatory Information Service.

   Unless otherwise defined herein,  defined terms have  the same meaning  as
   those attributed to them in the Circular.

   A copy of this announcement and further details of the Exchange Offer  are
   available          at           the           Company's           website:
    1 https://www.polymetalinternational.com/en/investors-and-media/.

   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:  RTE
   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.:   207687
   EQS News ID:    1509953


    
   End of Announcement EQS News Service

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    3 fncls.ssp?fn=show_t_gif&application_id=1509953&application_name=news&site_id=refinitiv

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=d270cd8df54d86279b4b483847134936&application_id=1509953&site_id=refinitiv&application_name=news
   2. mailto:ir@polymetalinternational.com


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