PJSC Polyus (MOEX — PLZL) («Polyus», or the «Company»), the largest gold producer in Russia, announces that following completion of the merger of Polyus’ 100% direct subsidiary LLC Polyus-Invest into Polyus, 63,082,318 treasury shares of the Company were cancelled on 10 April 2017.
The resolution on the merger and cancellation of the resulting treasury shares was passed at the extraordinary general shareholders’ meeting of Polyus on 22 December 2016.
Following the cancellation of treasury shares, the shareholding structure of Polyus is as follows:
treasury shares held by the Company — 1.51% (or 1,926,756 shares), and
free float — 6.76% (8,618,811 shares).
Polyus (www.polyus.com) is the largest gold producer in Russia and one of the top 10 gold miners globally by ounces produced. The Company also holds the fourth largest mineral resources base in the world.
Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
In 2016, the Company confirmed its status of one of the lowest-cost gold producers globally.
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77 email@example.com
This announcement may contain «forward-looking statements» concerning Polyus and/or Polyus group. Generally, the words «will», «may», «should», «could», «would», «can», «continue», «opportunity», «believes», «expects», «intends», «anticipates», «estimates» or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.