Polymetal International plc: Polymetal becomes first foreign issuer to list on the Astana International Exchange (800991)

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 Polymetal International plc (POLY) 
Polymetal International plc: Polymetal becomes first foreign issuer to list 
on the Astana International Exchange 
 
17-Apr-2019 / 09:00 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Release time IMMEDIATE LSE, MOEX: POLY / ADR: AUCOY 
Date         17 April 2019 
 
Polymetal International plc 
 
  Polymetal becomes first foreign issuer to list on the Astana International 
           Exchange 
 
    Polymetal is pleased to announce that its ordinary shares (the "Shares") 
        have been listed today on the recently launched Astana International 
           Exchange ("AIX") in Kazakhstan. 
 
  "This listing is an appropriate milestone to mark Polymetal's first decade 
    in Kazakhstan. The AIX listing should make our stock more attractive and 
      accessible for domestic investors while giving us better visibility in 
   Kazakhstan and providing an opportunity to broaden our shareholder base", 
           said Vitaly Nesis, the CEO of Polymetal. 
 
    Polymetal shares will be traded under the ticker POLY with quotation and 
  settlement in US dollars, and will be fully fungible between LSE, MOEX and 
AIX. Trading in shares on the AIX is expected to commence on 24 April 2019 . 
 
           CEO of AIX Tim Bennett commented: 
 
          "We are very pleased to welcome the first foreign issuer on Astana 
          International Exchange. Listing on our platform gives Polymetal an 
       opportunity to diversify its investor base and raise its profile with 
           investors in the region of Central Asia." 
 
           The Governor of the Astana International Financial Center, Kairat 
           Kelimbetov, said: 
 
     "This listing is a sign of high confidence and trust of a large issuer, 
       recognized at the international level, to the investment potential of 
       Kazakhstan, to the jurisdiction of the AIFC, as well as technological 
 capabilities and AIX infrastructure. Obviously, this trust is based on work 
 experience in our country and will serve as an example for other medium and 
           large companies - potential AIX issuers." 
 
Polymetal started operating in Kazakhstan in 2009. The Company currently has 
    two producing mines in the country: Kyzyl in Eastern Kazakhstan that was 
         successfully launched last year and Varvara in the Kostanay region. 
  Polymetal also has several exploration projects in the country and employs 
           over 2,500 people. 
 
     In 2018, Polymetal's Kazakh assets produced 238 Koz of gold equivalent, 
   generated US$ 272 million in revenue and accounted for 17% of the Group's 
total adjusted EBITDA. With Kyzyl now in its first year of operation at full 
 capacity, production levels in Kazakhstan are expected to grow close to 500 
Koz over the next three years. Kazakhstan currently hosts 38% of the Group's 
           Ore Reserves (9.1 Moz of gold equivalent out of a total 24 Moz). 
 
     Pursuant to Rule 1.4 of the AIFC Market Rules (AIFC Rules No. FR0003 of 
        2017) (the "MAR Rules") of the Astana International Financial Centre 
  ("AIFC"), the Company has prepared a Prospectus Summary in connection with 
 the application for the admission of the Shares to the official list of the 
 AIX and to trading on the AIX. The Prospectus Summary has been published on 
           the Company's website www.polymetalinternational.com [1]. 
 
     Halyk Finance acted as Polymetal's lead manager with respect to the AIX 
        listing and will be acting as its nominated market-maker on the AIX. 
 
           About Astana International Exchange 
 
   The Astana International Exchange (AIX) was formed in 2017 as part of the 
    Astana International Financial Centre (AIFC) with a goal of becoming the 
     first international exchange in Central Asia, providing global investor 
access to a rapidly growing market. The first trading session on the AIX was 
      launched by the then President of the Republic of Kazakhstan Nursultan 
    Nazarbayev in November of 2018. AIX's shareholders include AIFC, Goldman 
   Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also 
      provides AIXs trading platform. AIX operates within an internationally 
recognised regulatory framework to ensure transparency and high standards of 
           corporate governance. 
 
           About Polymetal 
 
Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its 
      subsidiaries - "Polymetal", the "Company", or the "Group") is a top-20 
 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 
 
FTI          [phone]  Polymetal [e-mail] 
Consulting   1000 
 
                          Eugenia   [phone] (UK) 
Leonid Fink               Onuschenk 
                          o 
 
Viktor 
Pomichal                  Timofey 
                          Kulakov 
                                    [phone] (Russia) 
 
                          Michael 
                          Vasiliev 
 
Joint Corporate Brokers 
 
Morgan       [phone]  RBC       [phone] 
Stanley      8000         Europe 
                          Limited 
 
Andrew 
Foster                    Marcus 
                          Jackson 
 
Richard 
Brown                     Jamil 
                          Miah 
 
Panmure 
Gordon       [phone] 
             2500 
 
Charles 
Lesser 
 
James 
Stearns 
 
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 
 
ISIN:          JE00B6T5S470 
Category Code: MSCM 
TIDM:          POLY 
Sequence No.:  8234 
EQS News ID:   800991 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3b19145caf20682f6ca00262a735d794&application_id=800991&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

April 17, 2019 02:00 ET (06:00 GMT)