REG-Polymetal International plc Polymetal: Vesting of the 2016 performance share plan awards
01/05/2020 07:05
============
Polymetal International plc (POLY)
Polymetal: Vesting of the 2016 performance share plan awards
01-May-2020 / 09:00 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 / ADR:
AUCOY
Date 1 May 2020
Polymetal International plc
Vesting of the 2016 performance share plan awards
Polymetal announces that 2016 share awards under the Company's Performance
Share Plan ("PSP"), part of the Company's Long-Term Incentive Plan, have
vested.
During the four-year performance period ending 28 April 2020 for the PSP
awards made in 2016, Polymetal achieved a positive absolute Total
Shareholder Return ("TSR") of 107.9% and outperformed a median TSR of
49.7% of the FTSE Gold Mines Index constituents. As a result, Polymetal
ranked 7th by TSR out of 45 index participants.
Accordingly, the 2016 performance share awards have partially vested with
89.7% of the total awards being granted, which includes 75.9% vesting
percentage based on the TSR performance and additional share awards for
the dividend equivalent paid during the 4-year performance period.
1,407,784 ordinary shares were issued and distributed to 267 participants
of the PSP on 30 April 2020, representing 0.30% of the Company's increased
share capital. The newly issued shares have a market value of
US$28.6 million, based on the closing price as of 30 April 2020.
"In its third year our PSP programme rewards performance of Polymetal's
employees which have significantly contributed to strong shareholder
returns", said Vitaly Nesis, Group CEO of Polymetal.
Performance Share Plan
Under the PSP, awards are released following a four-year performance
period (with an additional mandatory holding period of one year following
vesting), subject to certain performance measures being met. The vesting
of awards is based on the Company's TSR measured against the TSR of the
FTSE Gold Mines Index constituents, as well as the Company's absolute TSR
over the same performance period. The vesting conditions were set as
follows:
• 0% vests for below median performance;
• 20% vests at median performance;
• 100% vests at top decile performance and above; and
• Straight line vesting in between median and top decile.
• No award vests if an absolute TSR is negative even if performance is
above median.
No consideration is payable for the vesting of the awards by the
beneficiaries. In certain cases of Good Leaver Circumstances, the award
will usually vest as normal in accordance with the terms of the award.
Alternatively, the Board may determine that the award will vest
immediately. For more details on the PSP, please see Polymetal's 2019
Annual Report and Accounts available on the Company's website at
1 www.polymetalinternational.com. Further to the 2016 award vesting,
shares transferred to the Group CEO and Persons Discharging Managerial
Responsibilities ("PDMRs") are presented in the table below:
Number of Additional Shares Total shareholding
Name Position shares share awards granted of employee
vested for dividend under 2016 following vesting
equivalents PSP award of 2016 award
Vitaly Nesis Director 36,797 6,694 43,491 3,327,768
Vitaly PDMR 13,210 2,402 15,612 78,590
Savchenko
Sergey PDMR 10,403 1,893 12,296 65,000
Trushin
Roman PDMR 9,435 1,717 11,152 52,986
Shestakov
Pavel PDMR 11,347 2,064 13,411 88,818
Danilin
Igor Kapshuk PDMR 7,572 1,378 8,950 54,169
Valery PDMR 12,228 2,224 14,452 266,528
Tsyplakov
Maxim PDMR 10,190 1,854 12,044 61,382
Nazimok
Further to the 2016 award vesting, outstanding awards under the PSP are:
Outstanding 2016 PSP Total number of
Name Position awards under awards outstanding awards under
2016-2020 PSP release the PSP
Vitaly Nesis Director 247,049 48,507 198,542
Vitaly PDMR 101,182 17,413 83,769
Savchenko
Sergey Trushin PDMR 80,171 13,714 66,457
Roman PDMR 78,866 12,438 66,428
Shestakov
Pavel Danilin PDMR 83,807 14,958 68,849
Igor Kapshuk PDMR 63,232 9,982 53,250
Valery PDMR 84,889 16,119 68,770
Tsyplakov
Maxim Nazimok PDMR 82,084 13,433 68,651
Applications have been submitted to the London Stock Exchange and UKLA on
the official list and awarded shares are expected to be admitted to
trading on the London Stock Exchange on 6 May 2020. The total issued share
capital of the Company will comprise 471,791,037 ordinary shares of no par
value, each carrying one vote.
About Polymetal
Polymetal International plc (together with its subsidiaries - "Polymetal",
the "Company", or the "Group") is a top-10 global gold producer and top-5
global silver producer with assets in Russia and Kazakhstan. The Company
combines strong growth with a robust dividend yield.
Enquiries
Media Investor Relations
Polymetal
2 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
7425
Morgan Stanley & Co. 8000
International plc
RBC Europe
Andrew Foster Limited
Richard Brown Marcus +44 20 7653 4000
Jackson
Panmure Gordon
Jamil Miah
James Stearns
+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.
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Vitaly Nesis
2 Reason for the notification
a) Position/status
Director
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 43,491 0.00
information award
2016 PSP awards 0.00 48,507 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Vitaly Savchenko
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 15,612 0.00
information award
2016 PSP awards 0.00 17,413 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Sergey Trushin
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 12,296 0.00
information award
2016 PSP awards 0.00 13,714 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Roman Shestakov
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 11,152 0.00
information award
2016 PSP awards 0.00 12,438 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Pavel Danilin
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 13,411 0.00
information award
2016 PSP awards 0.00 14,958 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Igor Kapshuk
2 Reason for the notification
a) Position/status PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 8,950 0.00
information award
2016 PSP awards 0.00 9,982 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Valery Tsyplakov
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 14,452 0.00
information award
2016 PSP awards 0.00 16,119 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name
Maxim Nazimok
2 Reason for the notification
a) Position/status
PDMR
b) Initial notification
/Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of the
entity Polymetal International plc
b) Legal Entity
Identifier Code 213800JKJ5HJWYS4GR61
4 Details of the transaction(s): section to be repeated for (i) each type
of instrument; (ii) each type of transaction; (iii) each date; and (iv)
each place where transactions have been conducted
Description of the
financial
instrument, type of
a) instrument
Ordinary shares
JE00B6T5S470
Identification code
b) Nature of the
transaction Vesting of conditional award under PSP (LTIP)
Price(s) and
c) volume(s)
n/a
Description of Aggregated Aggregated Total
Financial Price Volume Aggregated
Transaction Price
d) Shares granted
Aggregated under 2016 PSP 0.00 12,044 0.00
information award
2016 PSP awards 0.00 13,433 0.00
release
e) Date of the
transaction 30 April 2020
f) Place of the
transaction London Stock Exchange / Outside a trading venue
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ISIN: JE00B6T5S470
Category Code: DSH
TIDM: POLY
Sequence No.: 61556
EQS News ID: 1034691
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=3b19145caf20682f6ca00262a735d794&application_id=1034691&site_id=reuters8&application_name=news
2. mailto:ir@polymetalinternational.com
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