Polymetal International PLC Board Changes (3436H)
March 12 2018 - 2:00AM
UK Regulatory
TIDMPOLY
RNS Number : 3436H
Polymetal International PLC
12 March 2018
Release IMMEDIATE
time
Date 12 March 2018
Polymetal International plc
Board Changes
Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY)
(together with its subsidiaries - "Polymetal", the "Company", or
the "Group") is pleased to announce that Mr M L S De Sousa-Oliveira
("Mr Oliveira") has been appointed as an Independent Non-Executive
Director effective from 25 April 2018. Messrs Skirrow and Homeniuk
have notified the Company that they will not be offering themselves
for re-election at the upcoming AGM.
Mr Oliveira is a chartered accountant, chartered management
accountant and economist with over 35 years of strategic and
operational experience in the mining industry and corporate
finance. He is the Senior Independent Director and Chairman of the
Audit Committee at Antofagasta plc and previously held senior
executive positions within the Anglo American group, including as
Executive Director of Corporate Finance and Head of Strategy and
Business Development at De Beers S.A. He also served on the board
of Dominion Diamond Corp from July 2013 to December 2015 as an
independent non-executive director and Chairman of its Audit
Committee. He has over 16 years of experience in engaging with
London-based institutional investors, including in the role of
senior independent director of a large mining company.
Mr Oliveira has been appointed Senior Independent Director of
Polymetal and will serve as a member of the Audit and Risk and
Remuneration Committees. Mr Oliveira will stand for election at the
upcoming AGM to be held on 25 April 2018 ("the AGM"). He is
replacing Christine Coignard as Senior Independent Director of
Polymetal; Ms Coignard remains an Independent Non-Executive
Director, the chair of the Remuneration and a member of the
Nomination and Audit and Risk Committees.
Russell Skirrow and Len Homeniuk have notified the Company that
they will not be offering themselves for re-election at the
upcoming AGM. Further to Mr Homeniuk stepping down from the board,
Tracey Kerr will be appointed as a Chair of the Company's Safety
and Sustainability Committee.
Polymetal's Chairman Bobby Godsell said: "On behalf of the
Board, I would like to thank Mr Skirrow and Mr Homeniuk for their
commitment and service to Polymetal for over seven years, being
part of Polymetal's growth during that period. In the meantime, we
are excited to welcome Mr Oliveira to Polymetal's Board with a
strong track record of working in the most senior levels in the
natural resources sector and experience in finance and shareholder
engagement. These changes represent part of our broader Board
renewal programme in line with our commitment to the highest
standards of corporate governance."
Background note
Polymetal announced the start of its Board of Directors
succession programme in June 2017. Further enhancing the Board's
core skills in finance, mining and institutional investor
engagement while adhering to international best practice of
corporate governance, including the need to ensure progressive
refreshing of the Board, are among the key objectives of the
ongoing phased refresh of the Company's Non-Executive
Directors.
In December 2017, Polymetal announced the appointment of Tracey
Kerr and Giacomo Baizini as Independent Non-Executive Directors
with effect from 1 January 2018.
There is no further information required to be disclosed under
paragraph 9.6.13 of the United Kingdom Listing Rules, except for
the information below:
Mr Oliveira has been a non-executive director of Antofagasta plc
since 28 October 2011 and was a non-executive director of Dominion
Diamond Corp from July 2013 to December 2015.
Enquiries
Media Investor Relations
------------------ ------------------ ----------------------------------------------------
FTI Consulting +44 20 3727 1000 Polymetal ir@polymetalinternational.com
Leonid Fink Evgenia Onuschenko +44 20 7016 9505 (UK)
Viktor Pomichal Maryana Nesis
Michael Vasiliev +7 812 334 3666 (Russia)
------------------ ------------------ -------------------- ------------------------------
Joint Corporate Brokers
-------------------------------------- ----------------------------------------------------
Morgan Stanley
Andrew Foster
Richard Brown +44 20 7425 8000
Panmure Gordon RBC Europe Limited
Adam James Tristan Lovegrove
James Stearns +44 20 7886 2500 Marcus Jackson +44 20 7653 4000
------------------ ------------------ -------------------- ------------------------------
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",
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OR, IN EACH CASE THEIR NEGATIVE OR OTHER VARIATIONS OR BY
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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
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FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS ARE
BASED ON NUMEROUS ASSUMPTIONS REGARDING THE COMPANY'S PRESENT AND
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WILL OPERATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS ARE NOT
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CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO
DIFFER MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING
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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
This information is provided by RNS
The company news service from the London Stock Exchange
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