DJ Polymetal: Suspension of Trading on the London Stock Exchange
Polymetal International plc (POLY)
Polymetal: Suspension of Trading on the London Stock Exchange
01-Aug-2023 / 20:00 MSK
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Release time IMMEDIATE LSE, MOEX, AIX: POLY
ADR: AUCOY
Date 1 August 2023
Polymetal International plc Suspension of Trading on the London Stock Exchange
Polymetal International plc (the "Company") confirms that in advance of the Re-domiciliation taking place on 7 August 2023, the Company's shares have now been suspended from trading on the London Stock Exchange.
As set out in the circular published by the Company on 10 May 2023 (the "Re-domiciliation Circular"), and in accordance with the announcement made by the Company on 21 July 2023, as a result of the Re-domiciliation, the Ordinary Shares will cease to be compatible with electronic settlement within CREST and will consequently 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 needs to be suspended and will remain suspended until the date of the London De-listing.
The Company can confirm that trading in the Ordinary Shares on the London Stock Exchange has now been suspended.
For the avoidance of doubt, the suspension is not expected to be removed and the Company's Ordinary Shares will no longer be able to be traded on the London Stock Exchange.
As approved by shareholders at the General Meeting on 28 July 2023, it is expected that the London De-Listing will occur on 29 August 2023.
In addition and in accordance with the announcement made by the Company on 21 July 2023, the Company confirms that trading on the AIX was also suspended today in order to effect the Re-domiciliation, and is expected 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.
In light of the above, the Company further confirms that the record date for the purposes of the Re-domiciliation is Friday 4 August 2023.
Unless otherwise defined herein, defined terms have the same meaning as set out in Re-domiciliation Circular.
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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ISIN: JE00B6T5S470 Category Code: SRS 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.: 261676 EQS News ID: 1693597 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1693597&application_name=news
(END) Dow Jones Newswires
August 01, 2023 13:00 ET (17:00 GMT)
