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.
12 October 2022
Polymetal announces that at the General Meeting (“GM”) of the Company held today at 10.00 am (BST), all resolutions proposed by the Directors in the Notice of the GM dated 22 September 2022 were passed.
Voting results
|
Resolution* |
Vote type |
Voted |
Voted % |
% of Issued Share Capital |
|
01,SANCTION OF |
For |
140,055,764 |
97.98 |
29.57 |
|
Against |
2,880,301 |
2.02 |
0.61 |
|
|
Votes Withheld** |
596,940 |
- |
- |
|
|
02,BUYBACK |
For |
140,055,355 |
97.99 |
29.57 |
|
Against |
2,879,380 |
2.01 |
0.61 |
|
|
Votes Withheld** |
598,270 |
- |
- |
|
|
03,TREASURY |
For |
139,999,982 |
97.95 |
29.56 |
|
Against |
2,935,848 |
2.05 |
0.62 |
|
|
Votes Withheld** |
597,175 |
- |
- |
Notes:
* Resolutions numbered 2 and 3 are ordinary resolutions and resolution numbered 1 is special resolution.
** A “vote withheld” is not a ‘vote’ under Jersey law and is not counted in the calculation of the votes ‘For’ and ‘Against’ the resolution.
Background
On 3 June 2022, the EU imposed sanctions on the National Settlement Depository (“NSD”). This blocked the operations on a specific and limited number of shares which are held between Euroclear SA and the NSD, via the UK central securities depositary CREST platform. CREST is operated by Euroclear UK and International Ltd and is the relevant system for paperless settlement of share transfers and the holding of shares in uncertificated form.
On 22 September 2022, Polymetal announced its intention to conduct an offer to exchange certain eligible shares in consideration for certificated shares, subject to shareholder approval at this GM. Further details of the exchange offer can be found in the combined shareholder circular and notice of General Meeting (the "Circular") published on 22 September 2022.
Timetable
The timetable for the Exchange Offer remains unchanged since the Company’s announcement on 6 October 2022. Eligible Shareholders are reminded of the outstanding Exchange Offer timetable:
|
|
2022 |
|
Latest time and date for receipt of Tender Forms and |
by 4 p.m. on 3 November |
|
Exchange Offer closes |
4 p.m. on 3 November |
|
Record Date for the Exchange Offer |
5 p.m. on 3 November |
|
Conditional notification to participating shareholders |
4 November |
|
Notification to participating shareholders |
10 November |
|
Response to additional information requests of the Company |
by 4 p.m. on 17 November |
|
Unconditional notification to participating shareholders |
10 November to 9 December |
|
Latest time for completion of individual exchanges |
up to 16 December |
| Announcement of results of each exchange |
up to 19 December |
Note:
(1) CREST members and, where applicable, their CREST sponsors or voting service providers are referred, in particular, to those sections of the CREST Manual concerning practical limitation of the CREST system and timings and to the relevant website at www.euroclear.com.
The above times and/or dates may be subject to further change by the Company and in the event of any such change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service.
References to times in this announcement are to British Summer Time up to and including 29 October 2022 and, from then on, Greenwich Mean Time.
Tel. +44.20.7887.1475
Evgeny MonakhovTel. +7.7172.476.655
Kirill Kuznetsov