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

Polymetal International PKAnnouncement

21/07/2023 07:15

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

   21-Jul-2023 / 09:00 MSK

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   Release time IMMEDIATE                            LSE, MOEX, AIX: POLY
   Date         21 July 2023                                   ADR: AUCOY
                                                      

   Polymetal International plc

     Update to the timetable of the Re-domiciliation

   Polymetal International plc  (the “Company”)  announces an  update to  the
   timetable of the  Re-domiciliation and  confirms that  the Effective  Date
   will be 7 August 2023.

   Further to the announcements made  by the Company on  29 June 2023 and  10
   July 2023,  the Company  is  pleased to  report that,  following  positive
   engagement  with  the  relevant  regulatory  authorities  and  receipt  of
   conditional consents, where required, the Effective Date is scheduled  for
   7 August 2023.

   As set out in the  circular published by the Company  on 10 May 2023  (the
   “Re-domiciliation Circular”),  as a  result of  the Re-domiciliation,  the
   Ordinary Shares will  cease to  be compatible  with electronic  settlement
   within CREST and consequently will result in the inability of the  Company
   to meet  certain  basic  requirements  to  maintain  the  London  Listing.
   Therefore, trading in  the Ordinary  Shares on the  London Stock  Exchange
   will need  to be  suspended. Thereafter,  the London  Listing will  remain
   suspended until the date of the London De-listing.

   The revised timetable for the Re-domiciliation is as follows:

     • Last day of Trading on the London Stock Exchange 1 August 2023
     • Expected date and time of London Suspension      after market close on
                                                        1 August 2023
     • Receipt  of  unconditional  consent  and  formal
       certificate  from   the  Jersey   Registrar   of 7 August 2023
       Companies for the Company to continue  operating
       in the AIFC
     • Effective Date                                   7 August 2023

   For the avoidance of doubt, the Company’s Ordinary Shares will not be able
   to be traded on the London Stock Exchange after 1 August 2023.

   Subject to the approval by Shareholders at the General Meeting to be  held
   at 10 a.m. on 28 July 2023  at the offices of etc.venues, 8 Fenchurch  Pl,
   London EC3M  4PB  to  consider  and, if  thought  fit,  pass  the  special
   resolution to approve the London De-listing, the timetable for the  London
   De-listing remains unchanged, such that:

     • Cancellation of listing  of Ordinary  Shares no earlier than 8:00 a.m.
       on the  Official  List of  the  FCA  becomes on 29 August 2023
       effective  
     • Date of the London De-listing                no earlier than 29 August
                                                    2023

   References to  times in  this  announcement are  to British  Summer  Time,
   unless otherwise stated

   The above times and/or dates are subject  to change by the Company and  in
   the event  of any  such change,  the revised  times and/or  dates will  be
   notified  to  Shareholders  by   an  announcement  through  a   Regulatory
   Information Service.

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

   Impact to the Company’s AIX & MOEX Trading

   AIX: In order to effect the Re-domiciliation, the AIX will suspend trading
   in the Ordinary Shares after market close on 1 August 2023 (Astana  time),
   with trading  to be  resumed on  or after  the Re-domiciliation  Effective
   Date.

   Notwithstanding this temporary  suspension, the  Company re-confirms  that
   following the Re-domiciliation, it  will remain listed  on the AIX,  which
   will become the Company’s primary stock exchange.

   MOEX: Following an announcement made by MOEX on 19 July 2023, the  Company
   understands  that  MOEX  will  suspend  trading  in  the  Ordinary  Shares
   effective from  29 July  2023 (with  T+2 trading  suspended from  25  July
   2023). The Company understands  that MOEX will resume  trading as soon  as
   possible after the completion of the Re-domiciliation.

   Further details of the Re-domiciliation and London De-listing can be found
   in the  respective circulars  and in  the  FAQs, which  can be  found  at:
    1 https://www.polymetalinternational.com/en/re-domiciliation-agm/.

   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.:   259169
   EQS News ID:    1685097


    
   End of Announcement EQS News Service

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References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=92903457cfc071543651699c1366e4c2&application_id=1685097&site_id=refinitiv&application_name=news
   2. mailto:ir@polymetalinternational.com


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