Polymetal becomes first foreign issuer to list on the Astana International Exchange

Polymetal becomes first foreign issuer to list on the Astana International Exchange

Astana International Exchange (“AIX”) is pleased to announce that on 17 April 2019 ordinary shares (the “Shares”) of Polymetal International Plc (“Polymetal”) have been listed. Polymetal shares will be traded under the ticker POLY with quotation and settlement in US dollars, and will be fully fungible between LSE, MOEX and AIX. Trading in shares on the AIX is expected to commence on 24 April 2019.

The Governor of the Astana International Financial Center, Kairat Kelimbetov, said:

“This listing is a sign of high confidence and trust of a large issuer, recognized at the international level, to the investment potential of Kazakhstan, to the jurisdiction of the AIFC, as well as technological capabilities and AIX infrastructure. Obviously, this trust is based on work experience in our country and will serve as an example for other medium and large companies - potential AIX issuers.”

CEO of AIX Tim Bennett commented: 

“We are very pleased to welcome the first foreign issuer on Astana International Exchange. Listing on our platform gives Polymetal an opportunity to diversify its investor base and raise its profile with investors in the region of Central Asia.”

CEO of Polymetal Vitaly Nesis stated: 

“This listing is an appropriate milestone to mark Polymetal’s first decade in Kazakhstan. The AIX listing should make our stock more attractive and accessible for domestic investors while giving us better visibility in Kazakhstan and providing an opportunity to broaden our shareholder base.” 

Polymetal started operating in Kazakhstan in 2009. The Company currently has two producing mines in the country: Kyzyl in Eastern Kazakhstan that was successfully launched last year and Varvara in the Kostanay region. Polymetal also has several exploration projects in the country and employs over 2,500 people.

In 2018, Polymetal’s Kazakh assets produced 238 Koz of gold equivalent, generated US$ 272 million in revenue and accounted for 17% of the Group’s total adjusted EBITDA. With Kyzyl now in its first year of operation at full capacity, production levels in Kazakhstan are expected to grow close to 500 Koz over the next three years. Kazakhstan currently hosts 38% of the Group’s Ore Reserves (9.1 Moz of gold equivalent out of a total 24 Moz).

Pursuant to Rule 1.4 of the AIFC Market Rules (AIFC Rules No. FR0003 of 2017) (the "MAR Rules") of the Astana International Financial Centre ("AIFC"), the Company has prepared a Prospectus Summary in connection with the application for the admission of the Shares to the official list of the AIX and to trading on the AIX. The Prospectus Summary has been published on the AIX’s website www.aix.kz.

Halyk Finance acted as Polymetal’s lead manager with respect to the AIX listing and will be acting as its nominated market-maker on the AIX. 

Reference:

AIX. Astana International Exchange (AIX) was formed in 2017 as part of the development of the Astana International Financial Centre, AIFC. On the 14th November 2018, the first trading session on AIX has been launched by the first President of the Republic of Kazakhstan Nursultan Nazarbayev. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ, which also provides AIXs trading platform. www.aix.kz 

AIFC. The AIFC was established on the initiative of the first President of the Republic of Kazakhstan Nursultan Nazarbayev. In December 2015 President Nazarbayev approved the Constitutional Statute “On the Astana International Financial Centre” (AIFC). The aim of the AIFC is to establish a leading international centre for financial services. The objectives of the AIFC are to attract investment into the economy through the establishment of an attractive environment for investment in financial services, develop local capital markets, ensuring their integration with the international capital markets. www.aifc.kz

Polymetal International plc (LSE, MOEX: 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. 
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