REG-Polymetal International plc Polymetal: Update to the timetable of the Re-domiciliation

Polymetal International PKAnnouncement

29/06/2023 07:15

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   Polymetal International plc (POLY)
   Polymetal: Update to the timetable of the Re-domiciliation

   29-Jun-2023 / 09:05 MSK

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   Release time IMMEDIATE                            LSE, MOEX, AIX: POLY
   Date         29 June 2023                                   ADR: AUCOY
                                                      

   Polymetal International plc

     Update to the timetable of the Re-domiciliation

   Polymetal International  plc (the  “Company”) provides  an update  to  the
   timetable  in  connection   with  the  re-domiciliation   to  the   Astana
   International Financial  Centre  (“AIFC”)  in Kazakhstan  as  approved  by
   Shareholders   at   the   General   Meeting   on   30   May   2023    (the
   “Re-domiciliation”).

   Today, the Company issues an update to the Re-domiciliation timetable.

   As announced  by the  Company  and pursuant  to the  shareholder  circular
   published on  10 May  2023 (the  “Re-domiciliation Circular”),  the  Board
   sought approval of the Shareholders to re-domicile the Company from Jersey
   to the AIFC in  Kazakhstan. The requisite resolutions  were passed at  the
   General Meeting on 30 May 2023.

   Whilst the  Company  continues  to  pursue  fulfilment  of  the  remaining
   conditions required  to implement  the Re-domiciliation,  it  acknowledges
   that it will now not meet the scheduled timetable as a result of delays in
   anticipated processes on which the Re-domiciliation is contingent.

   The  Company  will  notify  Shareholders  by  an  announcement  through  a
   Regulatory Information Service when it has further certainty on timing.

   In any event, given  that the Re-domiciliation will  only occur after  the
   conclusion of the Company’s 2023 Annual General Meeting (“AGM”), a  notice
   of which has been  issued today and  which is scheduled to  be held on  25
   July 2023, the Company confirms  that the Re-domiciliation will not  occur
   prior to the week commencing 31 July 2023, at the earliest.

   Further  details   of   the  Re-domiciliation   can   be  found   in   the
   Re-domiciliation Circular and in the FAQs, both of which can be found  at:
    1 https://www.polymetalinternational.com/en/re-domiciliation-agm/.

   For the  avoidance of  doubt, the  Company reminds  Shareholders that,  as
   clearly stated in the  Re-domiciliation Circular, the Re-domiciliation  is
   subject to  the  satisfaction  of  certain  conditions  and  will  proceed
   provided the Board can  be assured at all  times of continuing  compliance
   with all applicable sanctions. The Company and the Board continues to work
   with their legal  advisers in  order to be  able to  give that  assurance.
   Subject  to  continuing  sanctions  compliance  and  satisfaction  of  the
   remaining conditions, the Re-domiciliation is  expected to proceed as  set
   out in the Re-domiciliation Circular, save for the update outlined above.

   Further announcements will be made as and when necessary.

   Unless otherwise defined herein,  defined terms have  the same meaning  as
   defined in the Re-domiciliation Circular, as appropriate

   Enquiries

       Investor Relations
   Polymetal International plc  2 ir@polymetalinternational.com
   Evgeny Monakhov             +44 20 7887 1475 (UK)
   Kirill Kuznetsov            +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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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           JE00B6T5S470
   Category Code:  MSCM
   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.:   254168
   EQS News ID:    1668321


    
   End of Announcement EQS News Service

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    3 fncls.ssp?fn=show_t_gif&application_id=1668321&application_name=news&site_id=refinitiv2

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=92903457cfc071543651699c1366e4c2&application_id=1668321&site_id=refinitiv2&application_name=news
   2. mailto:ir@polymetalinternational.com


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