PJSC Polyus
PJSC Polyus (MOEX — PLZL) («Polyus», or the «Company»), the largest gold producer in Russia, notes the announcement made earlier today by Polyus Gold International Limited («PGIL») that it has entered into an agreement to sell 354,095 of the ordinary shares in the Company that it currently owns,representing approx. 0.28 per cent of the Company’s share capital on fully diluted basis, to a subsidiary controlled by the Russian Direct Investment Fund («RDIF»).
The price per share for RDIF transaction will be the same price per share payable by the consortium led by Fosun International Limited (HKSE:00656) in the transaction announced by PGIL and described in the Company’s press release earlier today (the «Fosun Transaction»).
The completion of the RDIF transaction is expected to occur before the end of 2017 and remains subject to certain conditions, including the completion of the Fosun Transaction.
PJSC Polyus
PJSC 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.
Polyus Gold International Limited
Polyus Gold International Limited (a Jersey company) is the principal shareholder of PJSC Polyus owning 91.73% of PJSC Polyus ordinary shares.
RDIF
Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors.
Enquiries
Investor Contact
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77 drozdovvi@polyus.com
Media contact
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77 vasilevavs@polyus.com
Forward looking statement
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.