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
ADR: AUCOY
Date 21 July 2023
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 7 August 2023
of 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 on the Official List of the no earlier than 8:00 a.m. on 29
FCA becomes effective August 2023
-- 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:
https://www.polymetalinternational.com/en/re-domiciliation-agm/.
Enquiries
Investor Relations
Polymetal International plc 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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July 21, 2023 02:00 ET (06:00 GMT)
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