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Polymetal International Regulatory News (POLY)



Regulatory News for Polymetal International (POLY)


Share Price: 647.20Bid: 648.40Ask: 650.00Change: -7.80 (-1.19%)Faller - Polymetal Int
Spread: 1.60Spread as %: 0.25%Open: 660.80High: 660.80Low: 637.40Yesterday’s Close: 655.00





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
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30-Apr-18 07:00RNSTotal Voting Rights as at April 30, 2018Holding(s) in Company
25-Apr-18 15:54RNSResult of AGM held on 25 April 2018Results and Trading Reports
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16-Apr-18 07:25RNSExchange of Tarutin for East Tarutin agreedCompany Announcement - General
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11-Apr-18 07:00RNSDirector/PDMR ShareholdingDirectors' Dealings
09-Apr-18 08:25RNSDirector/PDMR ShareholdingDirectors' Dealings
29-Mar-18 07:00RNSTotal Voting RightsHolding(s) in Company
28-Mar-18 07:00RNS2017 Sustainability ReportCompany Announcement - General
22-Mar-18 07:00RNSPolymetal announces Analyst and Investor Day 2018Company Announcement - General
22-Mar-18 07:00RNSAnnual Report 2017 and Notice of 2018 AGMCompany Announcement - General
16-Mar-18 07:00RNSDirector/PDMR ShareholdingDirectors' Dealings
14-Mar-18 07:00RNSPolymetal signs agreement for sale of DolinnoyeCompany Announcement - General
12-Mar-18 07:04RNSFinal dividend of US$ 0.30 per shareDividends
12-Mar-18 07:02RNSPreliminary results for the FY2017Results and Trading Reports
12-Mar-18 07:00RNSBoard ChangesExecutive Changes
05-Mar-18 07:00RNSReserve and Resource update as at 1 January 2018Results and Trading Reports


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