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.
9 April 2019
Polymetal discloses the following information regarding the grant of options under its Performance Share Plan.
Under the current Performance Share Plan (“PSP”), a conditional award of ordinary shares in the Company with no par value was made to the Group CEO and the following PDMRs of the Company as follows:
Name |
Position |
Number of awards granted in 2019 |
Total number of awards outstanding under the PSP |
Vitaly Nesis |
Director |
60,740 |
278,232 |
Vitaly Savchenko |
PDMR |
24,594 |
103,687 |
Sergey Trushin |
PDMR |
19,113 |
82,363 |
Roman Shestakov |
PDMR |
19,098 |
79,333 |
Pavel Danilin |
PDMR |
19,113 |
87,696 |
Igor Kapshuk |
PDMR |
15,293 |
63,635 |
Valery Tsyplakov |
PDMR |
19,098 |
90,378 |
Maxim Nazimok |
PDMR |
19,113 |
83,893 |
No consideration is payable for the making or vesting of the awards by the beneficiaries. A total of 2,650,046 awards were granted to the Group CEO, PDMRs and other employees of the Group.
Under the PSP, awards are exercisable following a four-year vesting period (with an additional mandatory holding period of one year following vesting), subject to performance measures determined by Polymetal. For this award, vesting is based on relative TSR, measured against the constituents of the FTSE Gold Mines Index, as well as the Company’s absolute TSR. Peers are ranked and the Company’s position determines vesting (0% vests for below median performance; 20% vests at median performance; 100% vests at top decile performance and above). No award will vest if absolute TSR is negative, regardless of relative performance. For more details on the PSP, please refer to the 2018 Polymetal Annual Report and Accounts available on the Company’s website at www.polymetalinternational.com.
This notification is made in accordance with Article 19 of the Market Abuse Regulation.
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Evgeny MonakhovTel. +7.7172.476.655
Kirill Kuznetsov