RE: Barclays forced sale20 May 2023 11:16
Dave Ford
Corporate Actions
Frequently Asked Questions
Why is the company proposing to relocate from Jersey to Kazakhstan?
As a result of the Russia-Ukraine conflict, Russia has imposed sanctions against companies operating in certain areas, including Jersey. This has caused difficulty for the company’s Russian operations, so they are looking to move to an area where they can avoid as many of these sanctions as possible.
Why does this mean the shares will be delisted from the LSE?
If the relocation to Kazakhstan takes place, the company will not meet the criteria to be listed on the LSE.
Can I transfer my holding to a different provider that can trade on the AIX?
You can transfer your holding to a provider that can trade on AIX. We’ll provide more information on this option if the proposal is approved.
Can I withdraw my holding into a share certificate?
We do not offer a certificated withdrawal service so are unable to send you a certificate for your shares.
Can I buy more Polymetal shares?
Due to the potential delisting, we are no longer accepting any further buy orders for Polymetal shares.
Would a delisting affect my ability to hold Polymetal shares in an ISA or SIPP?
The AIX is recognised by HMRC as a qualifying ISA market, so the shares will still remain eligible to be held in an ISA after the LSE delisting. The shares will also remain eligible to remain within a SIPP.
HL frequently asked questions…..
All the calls to sell seem to be a way for some to push down the price?