PJSC Polyus ("Polyus", or the "Company") (LEI code LEI 549300FUXVT7TF6ZKV71) hereby notifies of its intention to request the UK Financial Conduct Authority to cancel the listing of the Company’s Global Depositary Receipts issued under Regulation S (ISIN US73181M1172) and Rule 144A (ISIN US73181M1099) and Level I American Depositary Receipts (ISIN US73181P1021) ("DRs"), and to request the London Stock Exchange ("LSE") to cancel the admission of DRs to trading on the LSE Main Market (the "LSE Listing Cancellation").
The Company has decided to cancel the listing of DRs because of the expected termination of the DR programs which was announced on 22 June 2023.
In accordance with the Listing Rule 5.2.8, the Company is required to give at least 20 business days’ notice of the intended LSE Listing Cancellation. It is anticipated that the LSE Listing Cancellation will become effective at 8.00 am (GMT) on 25 July 2023.
Following the LSE Listing Cancellation, the Company will maintain listing of its shares on the regulated market of the Moscow Exchange.
Polyus is a Top-5 global 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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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 of the date of this announcement. Polyus and/or any Polyus Company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.