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Director/PDMR Shareholding

16 March 2017

Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries – “Polymetal”, the “Company”, or the “Group”) discloses the following information regarding certain of its share plans.

In accordance with the Deferred Share Awards plan (“DSA”), the award of shares under the DSA, which were granted in March 2014, 2015 and 2016, have vested and were transferred to the Group CEO and Persons Discharging Managerial Responsibilities (“PDMRs”) on 15 March 2017 as presented in the table below:

Name

Position

Number of shares vested

Additional share awards for dividend equivalents

Total amount of shares allotted

Total shareholding of employee following vesting of share award

Vitaly Nesis

Director

19,639

1,937

21,576

3,150,709

Vitaly Savchenko

PDMR

9,592

913

10,505

25,252

Sergey Trushin

PDMR

7,203

662

7,865

17,378

Roman Shestakov

PDMR

8,651

735

9,386

19,181

Pavel Danilin

PDMR

8,937

759

9,696

41,675

Igor Kapshuk

PDMR

6,067

515

6,582

13,455

Valery Tsyplakov

PDMR

10,008

864

10,872

207,628

Maxim Nazimok

PDMR

8,378

718

9,096

9,096

In addition, further to the bonus approval for the year ended 31 December 2016, the Group CEO and PDMRs have received a deferred bonus award in shares under the terms of the DSA. The total award of shares is detailed in the schedule below. Share awards will vest annually to employees over the next three years in equal instalments (in March 2018, 2019 and 2020). Under the terms of the DSA, dividend equivalents will be received on vested shares reflecting the value of the dividends which have been paid during the period from the grant date to the vesting date. Dividend equivalents will also be paid as shares to employees. Details of the DSA are disclosed in Polymetal’s Annual Report and Accounts available on the Company’s website at www.polymetalinternational.com


Name

Position

Outstanding shares under 2014, 2015 and 2016 DSA (net of issued shares)

Share grant under 2017 DSA

Total number of deferred shares under the DSA

Vitaly Nesis

Director

11,829

7,909

19,738

Vitaly Savchenko

PDMR

7,174

4,541

11,715

Sergey Trushin

PDMR

5,442

6,204

11,646

Roman Shestakov

PDMR

8,074

6,278

14,352

Pavel Danilin

PDMR

8,331

7,875

16,206

Igor Kapshuk

PDMR

5,657

7,267

12,924

Valery Tsyplakov

PDMR

8,941

7,851

16,792

Maxim Nazimok

PDMR

7,622

7,009

14,631

No consideration is payable for the making or vesting of the awards by the beneficiaries.

In total 141,400 shares will be allotted to Group CEO, PDMRs and certain other employees of the Group. The new shares are expected to be admitted to trading on or around 17 March 2017. Following allotment of shares, the total issued capital of the Company is 430,112,661.

Notification is made under Disclosure Rule 3.1.4.

Enquiries

Media

Investor Relations

FTI Consulting
Leonid Fink
Jenny Payne

+44 20 3727 1000

Polymetal
Maxim Nazimok
Evgenia Onuschenko
Maryana Nesis

ir@polymetalinternational.com

+7 812 313 5964 (Russia)

+44 20 7016 9503 (UK)

Joint Corporate Brokers

Morgan Stanley
Sam McLennan
Richard Brown

Panmure Gordon
Adam James
Tom Salvesen

+44 20 7425 8000

 

+44 20 7886 2500

RBC Europe Limited
Tristan Lovegrove
Marcus Jackson

+44 20 7653 4000

 

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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