Facts about POLY30 Jan 2023 10:44
It is incomprehensible how User tries over and over again to unsettle existing or potential investors. Perhaps they have a Hidden Agenda - I don't unterstand Behaviour. So, let's stick to the facts:
- POLY is considered a UK company for the purposes of UK stock exchange regulation. It is important to note that in order to be considered a British company, more than 50% of the shares must be freely tradable in London. POLY obviously fulfils this requirement.
- POLY cannot be traded with accounts at DACH banks. Reason: the brokers commissioned have POLY on their restricted list and have not executed an order (for almost a year).
- In the case of EVRAZ, the situation is completely different: Roman Abramovich is a major shareholder in EVRAZ and he has been personally sanctioned. Trading of EVRAZ has therefore been stopped in London. The so-called POLY oligarch is Alexander Nesis (his brother Vitaly is CEO of POLY) and he holds a stake of around 11.3% in POLY via ICT. ICT's stake is 23.9% in POLY; Nesis holds 47.29% in ICT. There is absolutely no evidence that Facts could sanction Alexander Nesis personally - analogue RA.
- The main reason for the planned re-domiciliation to Astana/Kazakhstan is that currently POLY cannot pay dividends to shareholders in Russia.
- Whether it makes sense to split POLY into K-POLY and R-POLY has yet to be evaluated in detail. Personally, I expect a split. It remains to be seen whether it will be at the level of a holding company or two completely independent companies that no longer have any legal connection.
- If a company has assets in Russia, this situation is not yet toxic. Of course, the sanctions rage of the value West and counter-sanctions by Russia remain open. Therefore, it makes sense to examine a split-up with the consequences. Here are examples of international Companies that are still doing business in Russia: ING, Red Bull, Unilever, HSBC, Pfizer, Veolia, Hayatt, Accor, Glencore and many more.
- The assets in Kazakhstan alone should be worth around £5 - if they can be traded freely again. Should K-POLY be an absolutely independent company, nothing would stand in the way of a re-listing on the LSE in London.
urai5
P.S. I repeat myself: for us shareholders in Germany/Austria/Switzerland, the share price plays absolutely no role at the moment: we cannot trade. Central for us is that the registered office is moved to a neutral jurisdiction: No Western sanctions, no Russia counter-sanctions. If a split is needed for regulatory reasons - that's fine. As ownership rights are preserved and Polymetal is a British and, if necessary, later a Kazakh company, dividends can be credited - regardless of whether the share can be traded. As I see the current business situation, Polymetal Internation should be able to pay dividends again for the 2023 financial year.
Sign In
Follow the stocks
