RE: Polymetal selling21 Aug 2023 17:24
Completely different circumstances.
POLY had to leave the LSE as confirmed 10 May 2023 and re-domocile.
Again I ask you what re-structuring would you anticipate EUA currently require prior to a potential sale?
Polymetal International plc
Proposed re-domiciliation to the AIFC (Кazakhstan) and notice of General Meeting.
Polymetal International plc (“Polymetal”, the “Company” or the “Group”) announces today its intention to re-domicile to the Astana International Financial Centre (“AIFC”) in Kazakhstan, which is subject to shareholder approval. An explanatory shareholder circular and notice of General Meeting will be published shortly.
“Today we are asking for support from our shareholders for the Company’s proposed re-domiciliation to the AIFC which the Board and I believe is a necessary and critical first step to preserve Polymetal’s business continuity and restore shareholder value in the current environment.
As a consequence of the re-domiciliation, our shares will not be able to meet the basic requirements to maintain trading in London. While the Board and the management team have explored all potential options to maintain the listing and trading on the LSE, none of these options proved to be available at present or viable in the long term. As a result, absent any alternative options, we are forced to seek a suspension of trading on the LSE upon re-domiciliation and will continue to pursue an orderly cancellation of our listing. Following the re-domiciliation, our primary listing will shift to the AIX.
The Board and our management team are committed to making every effort to guide our shareholders through the upcoming changes as smoothly as possible and minimise the disadvantages of leaving the LSE.