Polymetal has completed the divestment of its Russian business on 7 March 2024. Please see the relevant announcement at the link. Operating and financial results as well as other information on this website until 7 March 2024 represent the Group in its former organizational structure, i.e. including Russian business, unless otherwise stated.
Please note that https://www.polymetalinternational.com/ is the only official URL of Polymetal International plc.
Other websites even if they resemble the official ones and/or contain full or a part of the Company’s name in their URL do not relate to Polymetal International plc or its subsidiaries.
Apart from the shares the Company has not issued any other publically traded securities or financial instruments including tokens.
Polymetal International plc does not have any official accounts in social media except of Youtube and LinkedIn.
Any statements purportedly provided on behalf of a company is deliberate misrepresentation
Sanctions impact on business
Polymetal International plc is not subject to any sanctions. On 11 March 2024, the Company has completed the divestment of Polymetal Group’s Russian business by way of disposal of 100 per cent of the JSC Polymetal share capital
Shareholder information
Company’s shares are listed on Astana International Exchange and Moscow Stock Exchange.
Our registrars, AIX Registrar, maintains the name, address and holding details for all Polymetal’s shareholders. If you have a query about your shareholding please contact AIX Registrar at registrar@aix.kz.
In order to buy shares, you will need to contact your chosen brokerage firm, open an account with them and choose the shares you would like to invest in.
No. If you would like to purchase shares, please, contact your brokerage firm.
On November 2, 2011 Polymetal International plc was admitted to trading on the Official List of the London Stock Exchange raising US$ 763m from the IPO.
On June 17, 2013 Polymetal has become the first foreign issuer of shares to be included to MICEX index.
In April 2019, Polymetal International plc was listed on the Astana International Exchange (“AIX”) in Kazakhstan
According to the Russian legislation, shareholders must declare income on foreign shares and pay income tax themselves. Dividends are paid by the Company on a gross basis. Some brokers, however, withhold income tax when transfer dividends to a shareholder account. The availability of this option must be confirmed with your own broker.
ADR programme was terminated. The Depositary, BNY Mellon, has closed its books for all transactions including conversion.
Termination notice: https://www.adrbnymellon.com/files/ad1135307.pdf
Securities and dividends
Yes, Polymetal has been paying a dividend since 2012 in accordance with the dividend policy.
However, after careful evaluation of the liquidity and solvency of the business and taking into account significant decline in operating cash flows, challenges in establishing new sales channels and the short-term liquidity headwinds, the Board decided to permanently cancel full-year 2021 dividend. Given the continuing impact of these external uncertainties, the Board have not proposed any dividend since then. Management and the Board are now in the process of revaluating the dividend policy as a part of the post Russian business divestment capital allocation policy review.
- Management and the Board are in the process of revaluating the dividend policy as a part of the post Russian business divestment capital allocation policy review.
Existing policy is as follows:
- Minimum final dividend of 50% of Underlying Net Income for 2H (subject to absolute Net debt/Adjusted EBITDA ceiling of 2.5x).
- In addition, the Board have discretion to increase the final dividend amount to a maximum annual payout of 100% of Free Cash Flow (provided that it is greater than 50% of Underlying Net Income). In making this decision, the Board will consider, among other factors, the macroeconomic outlook, debt position and future investment requirements of the Group.
- Interim dividend is 50% of Underlying Net Income for 1H (subject to absolute Net debt/Adjusted EBITDA ceiling of 2.5x).
- It may take some time from the date of payment to receive a dividend by shareholder. Please contact your broker for more information.
Polymetal’s dividends are declared in USD
Polymetal’s last dividend was the interim dividend for the 1H 2021 paid on 30 September 2021 in the amount of US$ 0.45 per share.
Please contact your broker.
Record date is a date by which a shareholder must officially own shares in order to be entitled to a dividend.
Ex-dividend date is the first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment.
Company’s shares are listed on Astana International Exchange and Moscow Stock Exchange and with POLY ticker. Security and therefore ISIN is the same for all exchanges, JE00B6T5S470.
On 3 June 2022, the EU imposed sanctions on NSD, which effectively blocked the operations between Euroclear and NSD. As a result of such sanctions, prior to the First Exchange Offer, Shareholders holding approximately 22% of the Company’s issued share capital were unable to take part in any corporate actions of the Company and/or receive dividends (the “Affected Shares”). This prevented the Company from being able to carry out certain corporate actions with the involvement of a significant part of its shareholder base.
Approximately 14% of the Company’s Shares were not eligible to participate in the First Exchange Offer although were Affected, and therefore continue to be impacted by the restrictions imposed even though the shareholders themselves might not be subject to an asset freeze insofar as the Company is aware.
On 23 November the Board announces its intention to conduct second exchange offer. The Second Exchange Offer invites Shareholders whose rights are affected by the sanctions imposed on National Settlement Depository (“NSD”) and other Russian depositories, subject to fulfilling eligibility criteria, to tender their Eligible Shares for exchange in consideration for the issue of Exchange Shares on a one-for-one basis.
Please note that the last date to tender Eligible Shares is 30 September 2024.
More details on the Exchange Offer could be found in the press release here.
In this case, our advice is to transfer your shares to a broker who is not on a sanction list.
ADR programme was terminated. The Depositary has closed its books for all transactions including conversion.
Termination notice: https://www.adrbnymellon.com/files/ad1135307.pdf
No. We also cannot distribute dividends to shareholders through NSD (i.e. those trading on MOEX) — see above.
The Board and the management strongly believe that share buy-backs are presently inappropriate given short-term liquidity challenges, grave business uncertainties, and NSD challenges outlined above which make it impossible to offer buyback on equal terms to the Astana International Exchange and the Moscow exchange.
Strategy
The company’s geographical area of interest is Central Asia only.
Polymetal’s policy is based on a no-hedge strategy. The company prefers to have full exposure to the upside in metal price.
ESG
Polymetal yearly discloses qualitative and quantitative information on ESG in the Sustainability Chapter of Integrated Report which is prepared in accordance with the GRI SRS and SASB Standard and is aligned with TCFD recommendations. Our recent sustainability disclosure and all related data are assured by Ernst & Young Advisory LLP. We also disclose historical quantitative data in our Sustainability Datapack.
All of the above can be found in the Data Center via the link.
Our Code of Conduct, as well as Human Rights, Community Engagement, Environmental, Climate, Health and Safety, Anti-Bribery and other policies are available at our website.
We have identified key impact areas of mining and we are working to maximise our positive and minimise any negative impacts, aligning them to the UN Sustainable Development Goals and setting targets to measure our progress. Explore our Impact and the UN SDGs Report via the link.
To date, there have been no environmental accidents involving tailings facilities at the Company’s operations in Kazakhstan. Our investigations confirmed that any emergency failure at our dams would have no impact on settlements, buildings, structures or facilities where communities or employees may be present. To further improve tailings safety and minimise the risk of dam failure, we are moving towards dry stack storage methods. We are committed to ensuring the compliance of all our operations with the Global Industry Standard on Tailings Management and, in 2023, we updated our Tailings Storage Facilities Report which is available on our website and provides the detailed information on each facility, associated risks and mitigation measures.
Evaluation of climate risks is an integral part of our strategy and decision-making across project life cycles, from scoping to operations and reclamation. The risk analysis complies with recent TCFD guidance, and includes three climate scenarios that correspond to the baseline goals of the Paris Agreement. The physical risks associated with the melting of permafrost, as well as the transitional risks associated with national and international carbon regulation, are the most likely to increase in the long term. We are particularly attentive to these risks and we have developed preventive adaptation measures. To inform our stakeholders on our exposure to climate-related risks and how we manage them, we have implemented detailed TCFD disclosure in our Integrated Report and have issued a separate permafrost FAQ available in the Sustainability section of our website.