PJSC Polyus (LSE, MOEX: PLZL) («Polyus», or the «Company») has been informed about the sale of 40,807,213 Shares, representing 29.99% of the Company’s issued share capital, by IJSC «Wandle Holdings Limited» (beneficially owned by Mr. Said Kerimov) to AKROPOL GROUP LTD (beneficially owned by Mr. Akhmet Palankoyev, a controlling shareholder of JSC «Donugol», large producer of high-quality industrial anthracite).
The sale was completed on 4 April 2022, following the obtainment of approval by the Federal Antimonopoly Service of Russia on 31 March 2022.
As a result of the transaction, Mr. Said Kerimov reduced his interest in the Company from 76.34% to 46.35%.
Separately, Polyus announces that Mr. Said Kerimov resigned from the Board of Directors of the Company with effect from 4 April 2022.
Polyus is the world’s fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
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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.