Polymetal International plc (POLY)
Polymetal: Director/PDMR Shareholding (PSP)
28-Apr-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
IMMEDIATELSE, MOEX, AIX: POLY / ADR: AUCOY
Date
28April 2020
Polymetal International plc
Director/PDMR Shareholding
Polymetaldiscloses the following information regarding the grant of options under its Performance Share Plan.
Under the current Performance Share Plan ("PSP"), a conditional award of ordinary shares in the Company with no par value was made to the Group CEO and the following PDMRs of the Company as follows:
Name
Position
Number of awards granted in 2020
Total number of awards outstanding under the PSP
Vitaly Nesis
Director
34,983
247,049
VitalySavchenko
PDMR
21,247
101,182
Sergey Trushin
PDMR
16,514
80,171
Roman Shestakov
PDMR
16,499
78,866
Pavel Danilin
PDMR
16,514
83,807
Igor Kapshuk
PDMR
13,214
63,232
Valery Tsyplakov
PDMR
16,499
84,889
Maxim Nazimok
PDMR
16,514
82,084
No consideration is payable for the making or vesting of the awards by the beneficiaries. Atotal of2,497,292 awards was granted tothe Group CEO, PDMRs and other employees ofthe Group.
Further to the approval of the revised Directors' remuneration policy at the 2020 AGM by the shareholders, the PSP, awards are exercisable following a four-year vesting period (with an additional mandatory holding period of one year following vesting), subject to performance measures determined by Polymetal. For this award, vesting is based on relative TSR, measured against the constituents of the FTSE Gold Mines Index, as well as the Company's absolute TSR. Peers are ranked and the Company's position determines vesting (0% vests for below median performance; 20% vests at median performance; 100% vests at upper quintile performance and above). No award will vest if absolute TSR is negative, regardless of relative performance. For more details on the PSP, please refer to the 2019 Polymetal Annual Report and Accounts available on the Company's website at www.polymetalinternational.com.
This notification is made in accordance with Article 19 of the Market Abuse Regulation.
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 Consulting
Leonid Fink
Viktor Pomichal
+44 20 3727 1000
Polymetal
Evgeny Monakhov
Timofey Kulakov
Kirill Kuznetsov
ir@polymetalinternational.com
+44 20 7887 1475 (UK)
+7 812 334 3666 (Russia)
Joint Corporate Brokers
Morgan Stanley & Co. International plc
Andrew Foster
Richard Brown
Panmure Gordon
James Stearns
+44 20 7425 8000
+44 20 7886 2500
RBC Europe Limited
Marcus Jackson
Jamil Miah
+44 20 7653 4000
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
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Vitaly Nesis
2
Reasonforthenotification
a)
Position/status
Director
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
34,983
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
VitalySavchenko
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
21,247
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
SergeyTrushin
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
16,514
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Roman Shestakov
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
16,499
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Pavel Danilin
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
16,514
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
IgorKapshuk
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
13,214
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
ValeryTsyplakov
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
c)
Price(s) and volume(s)
n/a
d)
Aggregatedinformation
Description of Financial Transaction
Aggregated Price
Aggregated Volume
Total Aggregated Price
Conditional award of ordinary shares
0.00
16,499
0.00
e)
Dateofthetransaction
27 April 2020
f)
Placeofthetransaction
LondonStockExchange
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Maxim Nazimok
2
Reasonforthenotification
a)
Position/status
PDMR
b)
Initialnotification /Amendment
Initialnotification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Full name of the entity
Polymetal International plc
b)
Legal Entity Identifier Code
213800JKJ5HJWYS4GR61
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 the financial instrument, type of instrument
Identificationcode
Ordinary shares
JE00B6T5S470
b)
Natureofthetransaction
Conditional award of ordinary shares under PSP (LTIP)
Polymetal International plc is a leading Russian producer of precious metals. Net sales break down by family of products as follows:
- gold (84.8%): 1,386,000 ounces sold in 2021;
- silver (14.5%): 17.5 million ounces sold;
- copper (0.7%): 2.1 kt sold.
Net sales are distributed geographically as follows: Russia (44%), Kazakhstan (34.9%), Asia (17%) and Europe (4.1%).