Polymetal: Completion of sale of North Kaluga

Polymetal International plc (POLY) 
Polymetal: Completion of sale of North Kaluga 
 
25-Jun-2020 / 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         25 June 2020 
 
Polymetal International plc 
 
           Completion of sale of North Kaluga 
 
  Polymetal completed the previously announced sale of North Kaluga to North 
    Kaluga Mining Limited ("Transaction") for the total consideration of US$ 
           35.7 million. 
 
         Following satisfaction of all outstanding conditions to closing and 
    requisite regulatory approvals, the Transaction was completed on 23 June 
           2020. 
 
   The total Transaction value amounts to US$ 35.7 million and comprises US$ 
   10.7 million in cash (which has already been paid), royalties with a fair 
    value of US$ 19.1 million[1] and repayment of all debt owed by the North 
       Kaluga's license holder to Polymetal in the amount of US$ 5.9 million 
           payable by 31 August 2020. 
 
           About Polymetal 
 
  Polymetal International plc (together with its subsidiaries - "Polymetal", 
   the "Company", or the "Group") is a top-10 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          [phone]  Polymetal [e-mail] 
Consulting   1000 
 
                          Evgeny    [phone] (UK) 
Leonid Fink               Monakhov 
 
Viktor                    Timofey 
Pomichal                  Kulakov 
 
                                    [phone] (Russia) 
 
                          Kirill 
                          Kuznetsov 
 
Joint Corporate Brokers 
 
Morgan       [phone]  RBC       [phone] 
Stanley &    8000         Europe 
Co.                       Limited 
Internationa 
l plc 
 
                          Marcus 
                          Jackson 
Andrew 
Foster 
 
                          Jamil 
                          Miah 
Richard 
Brown 
 
Panmure 
Gordon 
             [phone] 
             2500 
 
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. 
 
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[1] The Company's preliminary estimate at 15% discount rate. 
 
ISIN:          JE00B6T5S470 
Category Code: MSCM 
TIDM:          POLY 
Sequence No.:  71821 
EQS News ID:   1078367 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

June 25, 2020 02:00 ET (06:00 GMT)