The Board of Directors (the “Board’) of Polyus PJSC (MOEX — PLZL) (“Polyus” or the “Company”) on 23 December 2024 decided, among other issues, to convene an Extraordinary General Meeting of Shareholders (“EGM”) for February 3, 2025, the agenda of which will include Company's stock splitting with the ratio of 1:10.
If approved by the EGM, the nominal value of the stock will be reduced by a 10-fold, with a simultaneous increase in the total number of shares by a 10-fold. At the same time, the total share capital of the Company will not change, as well as the total par value of the shares owned by the shareholders.
The Board of Directors recommends the EGM to support this decision.
In accordance with the Board of Directors' decision, January 9, 2025 is the date on which the persons entitled to participate in the EGM are determined.
The Board believes that the split of the stock will increase shares liquidity and accessibility and will have a positive impact on the attractiveness of the Company's stock to a broader range of investors.
Polyus
Polyus is the fourth largest gold producer in the world in terms of production and has one of the world's largest gold 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 Territory, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Enquiries (Investors and Media)
Capital Markets Department
+7 (495) 641 33 77
IR@polyus.com
Forward-looking statements
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. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the corresponding 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 difficult to predict accurately and which are beyond the control of Polyus/or Polyus group. Therefore, undue reliance should not be placed on such statements, which speak only to 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.