For immediate
release
17 November 2015
Polyus Gold International Limited
Changes to the Board of Directors
Polyus Gold International Limited (LSE and MICEX-RTS - PGIL), ("PGIL",
"Polyus Gold" or the "Company"), the largest gold producer in
Russia, announces that Independent Non-executive directors Mr.
Adrian Coates, Mr. Bruce Buck, Mr. Kobus Moolman and Mr. Edward
Dowling have resigned from the Board with immediate effect
following the closing on 17 November 2015 of the cash offer by
Sacturino Limited for the entire issued and to be issued share
capital of Polyus Gold.
Commenting on the independent directors' resignation,
Mr. Ilya Yuzhanov, Chairman, said:
"We are most grateful to Adrian Coates, Bruce Buck,
Edward Dowling and Kobus Moolman for their service and valued
advice and contribution to the Board and the Committees over recent
years. Each of them brought a wealth of experience, being a core
part of Polyus Gold's development over the past years. We wish them
all the best in the future."
Enquiries
Investor contact
Sergey Krivokhizhin, Director Investor Relations
+44 (0) 203 713 42 90 ir@polyusgold.com
Media contact
Artem Gorbachev, Press Secretary
+44 (0) 203 713 42 90 gorbachevav@polyusgold.com
Forward looking statements
This announcement may contain
"forward-looking statements" concerning PGIL. Generally, the words
"will", "may", "should", "could", "would", "can", "continue",
"opportunity", "believes", "expects", "intends", "anticipates",
"estimates" or similar expressions identify forward-looking
statements. The forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements.
Forward-looking statements include statements relating to future
capital expenditures and business and management strategies and the
expansion and growth of PGIL's operations. Many of these risks and
uncertainties relate to factors that are beyond PGIL's ability to
control or estimate precisely and therefore undue reliance should
not be placed on such statements which speak only as at the date of
this announcement. PGIL assumes no obligation in respect of, and
does not intend to update, these forward-looking statements, except
as required pursuant to applicable law.