PJSC Polyus (LSE, MOEX — PLZL) (Polyus, the Company) announces that on 24 December 2019 it was notified that Polyus Gold International Limited (PGIL) conducted partial release of pledged shares in PJSC Polyus over 22,355,389 ordinary shares of 1 Russian ruble each in the capital of the Company securing certain obligations of PGIL. PGIL’s ownership in the Company remains unchanged and stays at 78.6%.
Polyus is the largest gold producer in Russia and one of the top ten gold miners globally with the lowest cost position. Based on its 2017 Ore Reserves and Mineral Resources, Polyus group ranks second both by attributable gold reserves and gold resources among the world’s largest gold mining companies.
The Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
Investor & media contact
Victor Drozdov, Director Business Communications & Investor Relations
+7 (495) 641 33 77
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
|1||Details of the person discharging managerial responsibilities/person closely associated|
|a)||Name||Polyus Gold International Limited|
|2||Reason for the notification|
|a)||Position/status||Person closely associated with Mr. Said Kerimov and Mr. Sergei I. Nossoff, PDMRs (members of the Board) of PJSC Polyus|
|b)||Initial notification/ Amendment||Initial notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Public Joint Stock Company Polyus|
|4||Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted|
Description of the financial instrument, type of instrument
|b)||Nature of the transaction||Partial release of pledged shares in PJSC Polyus securing certain obligations|
|c)||Price(s) and volume(s)||
|e)||Date of the transaction||19 December 2019|
|f)||Place of the transaction||outside a trading venue|