Wood and co11 May 2023 09:19
Had a response from wood and co -
Dear ****,
As you may already be aware from the official Polymetal circular published yesterday in preparation for the General Meeting to be held on 30th May, we at WOOD & Company are preparing a solution for current shareholders to preserve the value of their investment by offering an alternative solution for the safekeeping of their shares at the Kazakhstani AIX Central Depository (we understand that it is highly questionable whether trading on the LSE/depositing with your current provider could continue once the redomiciliation of the shares has been completed).
The cooperation agreement between WOOD and Polymetal is currently being finalized and is expected to be completed in next few days. In anticipation of a positive outcome of the discussions, our analytical and compliance teams are already hard at work preparing the necessary workflows and documentation for the onboarding / AML / KYC processes of the various shareholder groups (including intermediaries, institutions and retail), taking into account the specific circumstances of this project and the number of shareholders involved. Please be patient while we analyze the complexities of the situation and rest assured that we plan to release further guidance on the process as soon as practicable.
Sincerely,
WOOD & Company Team
Vladimír Vávra
CEE Equities Sales Trader