Polymetal: Update to the timetable of the Re-domiciliation (1668321)
June 29 2023 - 2:05AM
UK Regulatory
Polymetal International plc (POLY)
Polymetal: Update to the timetable of the Re-domiciliation
29-Jun-2023 / 09:05 MSK
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Release time IMMEDIATE LSE, MOEX, AIX: POLY
ADR: AUCOY
Date 29 June 2023
Polymetal International plc Update to the timetable of the
Re-domiciliation
Polymetal International plc (the "Company") provides an update
to the timetable in connection with the re-domiciliation to the
Astana International Financial Centre ("AIFC") in Kazakhstan as
approved by Shareholders at the General Meeting on 30 May 2023 (the
"Re-domiciliation").
Today, the Company issues an update to the Re-domiciliation
timetable.
As announced by the Company and pursuant to the shareholder
circular published on 10 May 2023 (the "Re-domiciliation
Circular"), the Board sought approval of the Shareholders to
re-domicile the Company from Jersey to the AIFC in Kazakhstan. The
requisite resolutions were passed at the General Meeting on 30 May
2023.
Whilst the Company continues to pursue fulfilment of the
remaining conditions required to implement the Re-domiciliation, it
acknowledges that it will now not meet the scheduled timetable as a
result of delays in anticipated processes on which the
Re-domiciliation is contingent.
The Company will notify Shareholders by an announcement through
a Regulatory Information Service when it has further certainty on
timing.
In any event, given that the Re-domiciliation will only occur
after the conclusion of the Company's 2023 Annual General Meeting
("AGM"), a notice of which has been issued today and which is
scheduled to be held on 25 July 2023, the Company confirms that the
Re-domiciliation will not occur prior to the week commencing 31
July 2023, at the earliest.
Further details of the Re-domiciliation can be found in the
Re-domiciliation Circular and in the FAQs, both of which can be
found at:
https://www.polymetalinternational.com/en/re-domiciliation-agm/.
For the avoidance of doubt, the Company reminds Shareholders
that, as clearly stated in the Re-domiciliation Circular, the
Re-domiciliation is subject to the satisfaction of certain
conditions and will proceed provided the Board can be assured at
all times of continuing compliance with all applicable sanctions.
The Company and the Board continues to work with their legal
advisers in order to be able to give that assurance. Subject to
continuing sanctions compliance and satisfaction of the remaining
conditions, the Re-domiciliation is expected to proceed as set out
in the Re-domiciliation Circular, save for the update outlined
above.
Further announcements will be made as and when necessary.
Unless otherwise defined herein, defined terms have the same
meaning as defined in the Re-domiciliation Circular, as
appropriate
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.: 254168
EQS News ID: 1668321
End of Announcement EQS News Service
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June 29, 2023 02:05 ET (06:05 GMT)
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