II response 231 Jan 2023 11:57
So I asked so primarily a connection or link to LSE is necessary perhaps GDR?
just received the reply
That's a possibility, they could also possibly keep a secondary listing in the UK and move the primary listing to the AIX, although whether that would meet the rules the Russians have in place around "friendly" jurisdictions would presumably impact that. All the company have announced so far is as follows; the lack of detail is why we can't really answer any questions about this at present.
UPDATE ON THE POTENTIAL MODIFICATION OF ASSET HOLDING STRUCTURE
As previously announced, the Company has continued to evaluate all available options to modify its asset holding structure in order to maximise shareholder value.
Further to the announcement on 22 September 2022, the Company has progressed the evaluation of a potential re-domiciliation of the parent company, Polymetal International plc, to jurisdiction deemed to be “friendly” by the Russian Federation, a move which could unblock the ability to execute further corporate actions.
Based on the initial analysis, the Company are of the view that a re-domiciliation into the Astana International Financial Centre (AIFC), a financial hub in Astana, Kazakhstan, is the preferred jurisdiction, taking into account the Group’s significant operations and presence in the region, the AIFC legal system, tax regime and the ability to execute such a re-domiciliation.
Should the Company proceed with a re-domiciliation to the AIFC, The Company’s primary listing may move to AIX where its Ordinary Shares will be traded with the new ISIN. The Company will look to ensure continuous liquidity of trading.
The evaluation of the re-domiciliation process continues to be ongoing and will, in any event, be subject to a number of conditions. No decision has been made in relation to the various options available to the Company. There can therefore be no certainty that the Company will proceed with, or ultimately complete, a re-domiciliation nor any certainty as to which jurisdiction would be ultimately selected were it to proceed.
The Company confirms that any actions will be compliant with all applicable international sanctions, counter-sanctions and regulatory requirements
Sorry it’s so long just copied n pasted
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