This announcement does not constitute or form part of any offer for sale or subscription of or solicitation to buy or subscribe for any securities, and neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
Polyus Gold International Limited (LSE - PGIL, "PGIL", "Polyus Gold" or the "Company"), the largest gold producer in Russia, is pleased to announce that its entire issued ordinary share capital will today be admitted to the premium listing segment of the Official List maintained by the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Main Market") at 8.00 am ("Admission").
With effect from Admission, the listing of the Company's existing Level 1 Global Depository Receipts (LSE - PLGL, OTC (US) - PLZLY, "Level 1 GDRs") will be cancelled and the Level 1 GDR programme will be amended to limit the number of shares that may be held within it to 4.99% of PGIL's issued share capital. Holders of cancelled Level 1 GDRs will receive delivery of the shares underlying their cancelled Level 1 GDRs upon Admission. J.P. Morgan Cazenove is acting as sole sponsor in connection with Admission.
The Company's TIDM code on the London Stock Exchange will be PGIL. On Admission, there will be 3,032,149,962 Shares in issue.
The Company has published a prospectus in connection with the Admission. Copies of the Prospectus are available free of charge from the Company's offices at Argyll, 18b Charles Street, London W1J 5DU during normal business hours and on the Company's website (www.polyusgold.com). A copy of the Prospectus has been submitted to the National Storage Mechanism and is available for inspection at www.hemscott.com/nsm.do.
German Pikhoya, Chief Executive Officer, commented:
"We are very pleased to announce that Polyus Gold is being admitted to the Main Market of the London Stock Exchange today. We believe that the Premium Listing underscores our commitment to the highest governance standards and will allow us to further grow and develop as a company. Polyus Gold will be London's largest Premium Listed gold producer, with a market capitalisation of over $9bn and with the world's third largest gold reserve base. Polyus Gold's move to the Main Market will enable us to continue with our ambitious growth plans."
Enquiries:
Polyus Gold International Limited
Mikhail Seleznev, Director, Capital Markets and IR
Sergey Lavrinenko, Director, Communications
+44 20 8528 1450
+7 (495) 641 3377
J.P. Morgan Cazenove
Ben Davies / Christopher Nicholls / Jamie Riddell
+44 20 7742 4000
FTI Consulting
Ben Brewerton / Larisa Millings / Oliver Winters
+ 44 20 7831 3113
General:
Defined terms used in this announcement have the same meaning as in the Prospectus unless the context requires otherwise.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.
This announcement may include forward-looking statements. These forward-looking statements include matters that are not historical facts or statements and reflect the company's intentions, beliefs or current expectations concerning, among other things, the company's results of operations, financial condition, liquidity, performance, prospects, growth, strategies, and the industry in which the company operates. By their nature, forwarding-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that the actual results of operations, financial condition and liquidity of the companies in the Group and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, general economic conditions in Russia and elsewhere, and the ability of the companies in the Group to respond to trends in its industry. Additional factors could cause actual results, performance or achievements to differ materially. The Group and each of its directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this announcement and any change in the expectations of the Group or any change in events, conditions or circumstances on which these forward-looking statements are based.
The date of Admission may be influenced by things such as market conditions. Although it is expected that Admission will occur today, investment decisions should not be based on the Company's intentions in relation to Admission at this stage and should only be made on consultation with an authorised person specialising in advising on such investments. In any case, this announcement, the information contained herein, and the Prospectus does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities of any company.
This announcement, the information contained herein, and the Prospectus are not for release, publication or distribution in whole or in part in or into the Russian Federation except as permitted by Russian law. This announcement, the information contained herein, and the Prospectus are not, and under no circumstances are to be construed as, a public offer, placement, public circulation, advertising or advertisement or an invitation to make offers to sell, purchase, exchange or otherwise transfer or dispose of any securities, including securities of foreign issuers, or other financial instruments in the Russian Federation within the meaning of Russian securities laws or to or for the benefit of any persons or entities resident, incorporated, established or having their usual residence in the Russian Federation, or to or for the benefit of any person located within the territory of the Russian Federation, who is not a "qualified investor" within the meaning of Article 51.2 of the Russian Federal Law "On the Securities Market" No. 39-FZ dated 22 April 1996, as amended (the "Russian Securities Market Law"). The shares and GDRs have not been and are not expected to be registered in Russia or admitted to placement and/or public circulation in the Russian Federation and this announcement, the information contained herein, and the Prospectus are not to be passed on to third parties or otherwise be made publicly available in the Russian Federation. The securities of the Company referred to above are not intended for "offering", "placement" or "circulation" (each as defined in Russian securities laws) in the Russian Federation and may not be offered to any person in the Russian Federation, except as permitted by Russian law.
Any person resident, registered or incorporated in the Russian Federation or who has obtained a copy of this announcement at an address within the Russian Federation and who is not a "qualified investor" (as defined in Article 51.2 of the Russian Securities Market Law) is required to disregard it.
J.P. Morgan Securities Ltd. (which operates its UK investment banking activities under the name "J.P. Morgan Cazenove") is authorised and regulated in the United Kingdom by the FSA, and is acting exclusively for the Company and no-one else in connection with the Company's application for Admission. It will not regard any other person as its client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in relation to Admission, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
None of J.P. Morgan Securities Ltd. or any of its directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
Polyus Gold International Limited
First day of dealings on the Official List
Polyus Gold International Limited (LSE - PGIL, "PGIL", "Polyus Gold" or the "Company"), the largest gold producer in Russia, is pleased to announce that its entire issued ordinary share capital will today be admitted to the premium listing segment of the Official List maintained by the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Main Market") at 8.00 am ("Admission").
With effect from Admission, the listing of the Company's existing Level 1 Global Depository Receipts (LSE - PLGL, OTC (US) - PLZLY, "Level 1 GDRs") will be cancelled and the Level 1 GDR programme will be amended to limit the number of shares that may be held within it to 4.99% of PGIL's issued share capital. Holders of cancelled Level 1 GDRs will receive delivery of the shares underlying their cancelled Level 1 GDRs upon Admission. J.P. Morgan Cazenove is acting as sole sponsor in connection with Admission.
The Company's TIDM code on the London Stock Exchange will be PGIL. On Admission, there will be 3,032,149,962 Shares in issue.
The Company has published a prospectus in connection with the Admission. Copies of the Prospectus are available free of charge from the Company's offices at Argyll, 18b Charles Street, London W1J 5DU during normal business hours and on the Company's website (www.polyusgold.com). A copy of the Prospectus has been submitted to the National Storage Mechanism and is available for inspection at www.hemscott.com/nsm.do.
German Pikhoya, Chief Executive Officer, commented:
"We are very pleased to announce that Polyus Gold is being admitted to the Main Market of the London Stock Exchange today. We believe that the Premium Listing underscores our commitment to the highest governance standards and will allow us to further grow and develop as a company. Polyus Gold will be London's largest Premium Listed gold producer, with a market capitalisation of over $9bn and with the world's third largest gold reserve base. Polyus Gold's move to the Main Market will enable us to continue with our ambitious growth plans."
Enquiries:
Polyus Gold International Limited
Mikhail Seleznev, Director, Capital Markets and IR
Sergey Lavrinenko, Director, Communications
+44 20 8528 1450
+7 (495) 641 3377
J.P. Morgan Cazenove
Ben Davies / Christopher Nicholls / Jamie Riddell
+44 20 7742 4000
FTI Consulting
Ben Brewerton / Larisa Millings / Oliver Winters
+ 44 20 7831 3113
General:
Defined terms used in this announcement have the same meaning as in the Prospectus unless the context requires otherwise.
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.
This announcement may include forward-looking statements. These forward-looking statements include matters that are not historical facts or statements and reflect the company's intentions, beliefs or current expectations concerning, among other things, the company's results of operations, financial condition, liquidity, performance, prospects, growth, strategies, and the industry in which the company operates. By their nature, forwarding-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements are not guarantees of future performance and that the actual results of operations, financial condition and liquidity of the companies in the Group and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, general economic conditions in Russia and elsewhere, and the ability of the companies in the Group to respond to trends in its industry. Additional factors could cause actual results, performance or achievements to differ materially. The Group and each of its directors, officers, employees and advisors expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this announcement and any change in the expectations of the Group or any change in events, conditions or circumstances on which these forward-looking statements are based.
The date of Admission may be influenced by things such as market conditions. Although it is expected that Admission will occur today, investment decisions should not be based on the Company's intentions in relation to Admission at this stage and should only be made on consultation with an authorised person specialising in advising on such investments. In any case, this announcement, the information contained herein, and the Prospectus does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any securities of any company.
This announcement, the information contained herein, and the Prospectus are not for release, publication or distribution in whole or in part in or into the Russian Federation except as permitted by Russian law. This announcement, the information contained herein, and the Prospectus are not, and under no circumstances are to be construed as, a public offer, placement, public circulation, advertising or advertisement or an invitation to make offers to sell, purchase, exchange or otherwise transfer or dispose of any securities, including securities of foreign issuers, or other financial instruments in the Russian Federation within the meaning of Russian securities laws or to or for the benefit of any persons or entities resident, incorporated, established or having their usual residence in the Russian Federation, or to or for the benefit of any person located within the territory of the Russian Federation, who is not a "qualified investor" within the meaning of Article 51.2 of the Russian Federal Law "On the Securities Market" No. 39-FZ dated 22 April 1996, as amended (the "Russian Securities Market Law"). The shares and GDRs have not been and are not expected to be registered in Russia or admitted to placement and/or public circulation in the Russian Federation and this announcement, the information contained herein, and the Prospectus are not to be passed on to third parties or otherwise be made publicly available in the Russian Federation. The securities of the Company referred to above are not intended for "offering", "placement" or "circulation" (each as defined in Russian securities laws) in the Russian Federation and may not be offered to any person in the Russian Federation, except as permitted by Russian law.
Any person resident, registered or incorporated in the Russian Federation or who has obtained a copy of this announcement at an address within the Russian Federation and who is not a "qualified investor" (as defined in Article 51.2 of the Russian Securities Market Law) is required to disregard it.
J.P. Morgan Securities Ltd. (which operates its UK investment banking activities under the name "J.P. Morgan Cazenove") is authorised and regulated in the United Kingdom by the FSA, and is acting exclusively for the Company and no-one else in connection with the Company's application for Admission. It will not regard any other person as its client in relation to Admission and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in relation to Admission, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
None of J.P. Morgan Securities Ltd. or any of its directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.