REG-Polymetal International plc Polymetal: Statement in relation to trading of shares on the London Stock Exchange

Polymetal International PKAnnouncement

10/02/2023 07:00

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   Polymetal International plc (POLY)
   Polymetal: Statement in relation to trading of shares on the London Stock
   Exchange

   10-Feb-2023 / 10:00 MSK
   Dissemination of a Regulatory Announcement, transmitted by EquityStory RS.
   The issuer is solely responsible for the content of this announcement.

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   Release time IMMEDIATE                            LSE, MOEX, AIX: POLY
   Date         10 February 2023                               ADR: AUCOY
                                                      

   Polymetal International plc

     Statement in relation to trading of shares on the London Stock Exchange

   Polymetal International plc (Polymetal or  the “Company”) is aware of  the
   disruption to trading during the course of the day on 9 February 2023.

   During the course of 9 February 2023, one of the central counterparties (a
   “CCP”) which provides clearing and settlement services for trading on  the
   London Stock Exchange  (the “LSE”)  determined that, for  the time  being,
   they  are  unable  to  clear   trades  in  the  Company’s  shares   (ISIN:
   JE00B6T5S470). A CCP is required to clear and settle trades between  buyer
   and sellers, where shares  are traded on the  LSE’s electronic order  book
   trading service, SETS. As a result of this action, the LSE put the trading
   in the Company’s  shares into  an auction  call. The  shares continued  to
   trade during the course of  9 February 2023, but  such trades were all  on
   exchange, off-order book.

   The LSE have  subsequently issued  a notification  on 9  February 2023  to
   confirm that  the  Company’s  shares  will,  from  10  February  2023,  be
   transferred to  the SETSqx  platform  segment for  trading. SETSqx  is  an
   alternative trading service,  which does  not require  clearing through  a
   central counterparty.

   The Company  is  working to  restore  trading  on the  SETS  platform,  if
   possible, as  soon as  practical but  in the  meantime confirms  that  the
   SETSqx platform should provide liquidity to investors.

   The Company and the Group continue to comply rigorously with all  relevant
   legislation and has extensive measures in place to observe and comply with
   all applicable international sanctions.

   Polymetal would like to thank  all affected shareholders for patience  and
   understanding during  this  disruption  which was  out  of  the  Company’s
   control.

   Enquiries

       Investor Relations
   Polymetal         1 ir@polymetalinternational.com
   Evgeny Monakhov  +44 20 7887 1475 (UK)
   Kirill Kuznetsov +7 812 334 3666 (Russia)
                    +7 717 261 0222 (Kazakhstan)

                                        

                                        

                           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.:   222157
   News ID:        1556685


    
   End of Announcement EquityStory RS News Service

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References

   Visible links
   1. mailto:ir@polymetalinternational.com


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