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HUM CEO updates on Yanfolila and Dugbe Gold Projects.


Polymetal International Regulatory News (POLY)



Regulatory News for Polymetal International (POLY)


Share Price: 746.50Bid: 746.50Ask: 747.00Change: 0.00 (0.00%)No Movement on Polymetal Int
Spread: 0.50Spread as %: 0.07%Open: 736.00High: 754.00Low: 729.50Yesterday’s Close: 746.50





Consolidation of ownership in the assets

Wed, 8th Feb 2012 07:00

RNS Number : 0129X
JSC Polymetal
08 February 2012
 

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Consolidation of ownership in the assets of AngloGold Ashanti - Polymetal Strategic Alliance

Saint-Petersburg, Russia, February 8, 2012 - JSC "Polymetal" (LSE, MICEX, RTS: PMTL) (together with its subsidiaries - "Polymetal") announces that it has completed the acquisition from AngloGold Ashanti Holdings PLC ("AngloGold") of AngloGold's 50% interest in various companies (the "Companies") held in joint venture with Polymetal comprising the AngloGold Ashanti - Polymetal Strategic Alliance (the "Alliance"). The Companies include Amikan Holding Limited, which owns the Veduga gold deposit in the Krasnoyarsk region of the Russian Federation. The consideration for the acquisition, including the benefit of all shareholder loans made by AngloGold to the Companies, was US$20 million in cash.

As a result of this transaction all of the shares in the Companies are now owned by Polymetal, and the Alliance has terminated.

"We are satisfied with consolidation of ownership of Veduga," said Vitaly Nesis, CEO of Polymetal.

"We believe this is the first step towards acceleration of development of this highly promising asset."

 

Media Contact

Andrey Abashin

Press-secretary

Tel. +7.812.677.4325

abashin@polymetal.ru

Investor Relations Contact

Pavel Danilin

EVP, Strategic Development

Tel. +7.812.313.5964

danilin@polymetal.ru

 

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQSSSSMAFESEDE






DateSourceHeadlineCategory
02-Dec-16 08:38RNSDirector/PDMR ShareholdingCompany Announcement - General
28-Oct-16 09:41RNSTR-1: Notification of major interest in sharesHolding(s) in Company
24-Oct-16 07:00RNSSTOXX Global ESG Leaders Index inclusionCompany Announcement - General
18-Oct-16 07:00RNSQ3 2016 production resultsResults and Trading Reports
14-Oct-16 13:36RNSDirector/PDMR ShareholdingCompany Announcement - General
29-Sep-16 16:04RNSTR-1: Notification of major interest in sharesHolding(s) in Company
28-Sep-16 14:26RNSTR-1: Notification of major interest in sharesHolding(s) in Company
28-Sep-16 14:26RNSTR-1: Notification of major interest in sharesHolding(s) in Company
23-Sep-16 08:57RNSHolding(s) in CompanyHolding(s) in Company
19-Sep-16 07:00RNSMineral resource estimate for the Viksha projectResults and Trading Reports
08-Sep-16 09:57RNSExchange rate for dividend paymentCompany Announcement - General
31-Aug-16 08:57RNSTotal Voting RightsHolding(s) in Company
30-Aug-16 17:02RNSIssuance of new sharesCompany Announcement - General
30-Aug-16 07:01RNSFirst production at Svetloye ahead of scheduleCompany Announcement - General
25-Aug-16 16:06RNSTR-1: Notification of major interest in sharesHolding(s) in Company
24-Aug-16 07:04RNSDividend declaration of US$0.09 per shareDividends
24-Aug-16 07:00RNSReport for the six months ended 30 June 2016Results and Trading Reports
23-Aug-16 08:00RNSTR-1: Notification of major interest in sharesHolding(s) in Company
22-Aug-16 07:00RNSBoard approves expansion at the Amursk POX plantCompany Announcement - General
18-Aug-16 07:00RNSPolymetal increases its interest in Tarutin to 75%Company Announcement - General
02-Aug-16 07:00RNSCompletion of the acquisition of the KomarovskoyeMergers, Acquisitions and Disposals
19-Jul-16 07:20RNSQ2 2016 production resultsCompany Announcement - General
28-Jun-16 07:00RNSReport on payments to governments FY2015Company Announcement - General
20-Jun-16 13:53RNSDirector/PDMR ShareholdingCompany Announcement - General
10-Jun-16 07:00RNSCommitment to the Cyanide Management CodeCompany Announcement - General
19-May-16 12:33RNSHolding(s) in CompanyHolding(s) in Company
18-May-16 07:00RNSNew investor presentation and production guidanceCompany Announcement - General
17-May-16 13:23RNSResult of AGMResults and Trading Reports
12-May-16 14:28RNSExchange rate for dividend paymentDividends
29-Apr-16 14:03RNSTotal Voting RightsHolding(s) in Company


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