DJ Polymetal: Vesting of the 2015 performance share plan awards
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Polymetal International plc (POLY)
Polymetal: Vesting of the 2015 performance share plan awards
01-May-2019 / 09:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*Release time* IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY
*Date* 1 May 2019
Polymetal International plc
*Vesting of the 2015 performance share plan awards*
*Polymetal **announces that 2015 share awards under the Company's Performance
Share Plan ("PSP"), part of the **Company's* *Long-Term Incentive Plan,
**have* *vested. *
During the four-year performance period ending 29 April 2019 for the PSP
awards made in 2015, Polymetal achieved a positive absolute Total Shareholder
Return ("TSR") of 56.1% and outperformed a median TSR of 34.8% of the FTSE
Gold Mines Index constituents. As a result, Polymetal ranked 15th by TSR out
of 42 index participants.
Accordingly, the 2015 performance share awards have partially vested with
32.1% of the total awards being granted, which includes 27.1% vesting
percentage based on the TSR performance and additional share awards for the
dividend equivalent paid during the 4-year performance period.
649,431 ordinary shares were issued and distributed to 263 participants of
the PSP on 30 April 2019, representing 0.14% of the Company's increased share
capital. The newly issued shares have a market value of US$6.8 million, based
on the closing price as of 30 April 2019.
"2019 is the second year of PSP awards vesting, and I would like to thank all
Company's employees for their contribution. Polymetal continues to deliver
meaningful shareholder returns and to outperform its peers", said Vitaly
Nesis, Group CEO of Polymetal.
*Performance Share Plan*
Under the PSP, awards are released following a four-year performance period
(with an additional mandatory holding period of one year following vesting),
subject to certain performance measures being met. The vesting of awards is
based on the Company's TSR measured against the TSR of the FTSE Gold Mines
Index constituents, as well as the Company's absolute TSR over the same
performance period. The vesting conditions were set as follows:
? 0% vests for below median performance;
? 20% vests at median performance;
? 100% vests at top decile performance and above; and
? Straight line vesting in between median and top decile.
? No award vests if an absolute TSR is negative even if performance is
above median.
No consideration is payable for the vesting of the awards by the
beneficiaries. In certain cases of Good Leaver Circumstances, the award will
usually vest as normal in accordance with the terms of the award.
Alternatively, the Board may determine that the award will vest immediately.
For more details on the PSP, please see Polymetal's 2018 Annual Report and
Accounts available on the Company's website at www.polymetalinternational.com
[1]. Further to the 2015 award vesting, shares transferred to the Group CEO
and Persons Discharging Managerial Responsibilities ("PDMRs") are presented
in the table below:
+---------+----------+---------+------------+---------+--------+
|*Name* |*Position*|*Number |*Additional |*Shares |*Total |
| | |of shares|share awards|granted |sharehol|
| | |vested* |for dividend|under |ding of |
| | | |equivalents*|2015 PSP |employee|
| | | | |award* |followin|
| | | | | |g |
| | | | | |vesting |
| | | | | |of 2015 |
| | | | | |award* |
+---------+----------+---------+------------+---------+--------+
|*Vitaly |Director |17,931 |3,305 |21,236 |3,273,23|
|Nesis* | | | | |0 |
+---------+----------+---------+------------+---------+--------+
|*Vitaly |PDMR |6,437 |1,186 |7,623 |56,059 |
|Savchenko| | | | | |
|* | | | | | |
+---------+----------+---------+------------+---------+--------+
|*Sergey |PDMR |5,070 |934 |6,004 |43,986 |
|Trushin* | | | | | |
+---------+----------+---------+------------+---------+--------+
|*Roman |PDMR |4,598 |847 |5,445 |47,531 |
|Shestakov| | | | | |
|* | | | | | |
+---------+----------+---------+------------+---------+--------+
|*Pavel |PDMR |5,529 |1,019 |6,548 |66,014 |
|Danilin* | | | | | |
+---------+----------+---------+------------+---------+--------+
|*Igor |PDMR |3,690 |680 |4,370 |37,260 |
|Kapshuk* | | | | | |
+---------+----------+---------+------------+---------+--------+
|*Valery |PDMR |5,959 |1,098 |7,057 |242,722 |
|Tsyplakov| | | | | |
|* | | | | | |
+---------+----------+---------+------------+---------+--------+
|*Maxim |PDMR |4,966 |915 |5,881 |39,733 |
|Nazimok* | | | | | |
+---------+----------+---------+------------+---------+--------+
Further to the 2015 award vesting, outstanding awards under the PSP are:
+------------+----------+----------------+---------+-----------+
|*Name* |*Position*|*Outstanding |*2015 PSP|*Total |
| | |awards under |awards |number of |
| | |2015-2019 PSP* |release* |outstanding|
| | | | |awards |
| | | | |under the |
| | | | |PSP* |
+------------+----------+----------------+---------+-----------+
|*Vitaly |Director |278,232 |66,166 |212,066 |
|Nesis* | | | | |
+------------+----------+----------------+---------+-----------+
|*Vitaly |PDMR |103,687 |23,752 |79,935 |
|Savchenko* | | | | |
+------------+----------+----------------+---------+-----------+
|*Sergey |PDMR |82,363 |18,706 |63,657 |
|Trushin* | | | | |
+------------+----------+----------------+---------+-----------+
|*Roman |PDMR |79,333 |16,966 |62,367 |
|Shestakov* | | | | |
+------------+----------+----------------+---------+-----------+
|*Pavel |PDMR |87,696 |20,403 |67,293 |
|Danilin* | | | | |
+------------+----------+----------------+---------+-----------+
|*Igor |PDMR |63,635 |13,617 |50,018 |
|Kapshuk* | | | | |
+------------+----------+----------------+---------+-----------+
|*Valery |PDMR |90,378 |21,988 |68,390 |
|Tsyplakov* | | | | |
+------------+----------+----------------+---------+-----------+
|*Maxim |PDMR |83,893 |18,323 |65,570 |
|Nazimok* | | | | |
+------------+----------+----------------+---------+-----------+
Applications have been submitted to the London Stock Exchange and UKLA on the
official list and awarded shares are expected to be admitted to trading on
the London Stock Exchange on 7 May 2019. The total issued share capital of
the Company will comprise 470,155,459 ordinary shares of no par value, each
carrying one vote.
*About Polymetal*
Polymetal International plc (LSE, MOEX, AIX: POLY, ADR: AUCOY) (together with
its subsidiaries - "Polymetal", the "Company", or the "Group") is a top-20
global gold producer and top-5 global silver producer with assets in Russia
and Kazakhstan. The Company combines strong growth with a robust dividend
yield.
*Enquiries*
+------------+------------+-----------+-----------------------------+
| | | |
| | | |
| | | |
|Media | |Investor Relations |
| | | |
+------------+------------+-----------+-----------------------------+
|*FTI |+44 20 3727 |*Polymetal*|ir@polymetalinternational.com|
|Consulting *|1000 |Eugenia |+44 20 7887 1476 (UK) |
|Leonid Fink | |Onuschenko | |
|Viktor | |Timofey |+7 812 334 3666 (Russia) |
|Pomichal | |Kulakov | |
| | |Michael | |
| | |Vasiliev | |
+------------+------------+-----------+-----------------------------+
| | |
| | |
| | |
|Joint Corporate Brokers | |
| | |
+------------+------------+-----------+-----------------------------+
|*Morgan |+44 20 7425 |*RBC Europe|+44 20 7653 4000 |
|Stanley* |8000 |Limited* | |
|Andrew | |Marcus | |
|Foster | |Jackson | |
|Richard | |Jamil Miah | |
|Brown |+44 20 7886 | | |
| |2500 | | |
|*Panmure | | | |
|Gordon * | | | |
|Charles | | | |
|Lesser | | | |
|James | | | |
|Stearns | | | |
+------------+------------+-----------+-----------------------------+
*FORWARD-LOOKING STATEMENTS*
THIS RELEASE MAY INCLUDE STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE,
"FORWARD-LOOKING STATEMENTS". THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS
AT THE DATE OF THIS RELEASE. THESE FORWARD-LOOKING STATEMENTS CAN BE
IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE WORDS
"TARGETS", "BELIEVES", "EXPECTS", "AIMS", "INTENDS", "WILL", "MAY",
"ANTICIPATES", "WOULD", "COULD" OR "SHOULD" OR SIMILAR EXPRESSIONS OR, IN
EACH CASE THEIR NEGATIVE OR OTHER VARIATIONS OR BY DISCUSSION OF STRATEGIES,
PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING
STATEMENTS ALL INCLUDE MATTERS THAT ARE NOT HISTORICAL FACTS. BY THEIR
NATURE, SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES AND OTHER IMPORTANT FACTORS BEYOND THE COMPANY'S CONTROL THAT
COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO
BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING
STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS REGARDING THE COMPANY'S PRESENT
AND FUTURE BUSINESS STRATEGIES AND THE ENVIRONMENT IN WHICH THE COMPANY WILL
OPERATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF
FUTURE PERFORMANCE. THERE ARE MANY FACTORS THAT COULD CAUSE THE COMPANY'S
ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THE COMPANY EXPRESSLY DISCLAIMS
ANY OBLIGATION OR UNDERTAKING TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY
FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO REFLECT ANY CHANGE IN THE
COMPANY'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE IN EVENTS,
CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED
*Notification of Transactions by Persons Discharging Managerial
Responsibilities*
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Vitaly Nesis*
*2* *Reason for the notification*
a) Position/status *Director*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |21,236 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |66,166 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / **Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Vitaly Savchenko*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |7,623 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |23,752 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Sergey Trushin*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |6,004 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |18,706 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Roman Shestakov*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |5,445 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |16,966 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Pavel Danilin*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |6,548 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |20,403 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Igor Kapshuk*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |4,370 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |13,617 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Valery Tsyplakov*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |7,057 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |21,988 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
*Notification of Transactions by Persons Discharging Managerial
Responsibilities *
*and Persons Closely Associated with them*
1 May 2019
*1* *Details of the person discharging managerial responsibilities / person
closely associated*
a) Name *Maxim Nazimok*
*2* *Reason for the notification*
a) Position/status *PDMR*
b) Initial *Initial notification*
notification
/Amendment
*3* *Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor*
a) Full name of the *Polymetal International plc *
entity
b) Legal Entity *213800JKJ5HJWYS4GR61*
Identifier Code
*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 *
a) Description of *Ordinary shares*
the financial
instrument, type *JE00B6T5S470*
of instrument
Identification
code
b) Nature of the *Vesting of conditional award under PSP (LTIP) *
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated +---------------+-------------+-------------+---------+
information |*Description of|*Aggregated |*Aggregated |*Total |
|Financial |Price* |Volume* |Aggregate|
|Transaction* | | |d Price* |
+---------------+-------------+-------------+---------+
|Shares granted |0.00 |5,881 |0.00 |
|under 2015 PSP | | | |
|award | | | |
+---------------+-------------+-------------+---------+
|2015 PSP awards|0.00 |18,323 |0.00 |
|release | | | |
+---------------+-------------+-------------+---------+
e) Date of the *30 April 2019*
transaction
f) Place of the *London Stock Exchange / Outside a trading venue*
transaction
ISIN: JE00B6T5S470
Category Code: DSH
TIDM: POLY
Sequence No.: 8473
EQS News ID: 806001
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 01, 2019 02:00 ET (06:00 GMT)
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