16 Dec 2011 13:16
FOR IMMEDIATE RELEASE 16 DECEMBER 2011
OJSC POLYUS GOLDCANCELLATION OF LISTING OF AMERICAN DEPOSITARY SHARES ON THE LSE
OJSC Polyus Gold (the "Company") (LSE: PLZL) announces its intention to apply to the United Kingdom Listing Authority and the London Stock Exchange to cancel the listing and admission to trading of its Level I American Depositary Shares ("ADSs"). The Company will request that such cancellation takes effect from the start of trading on 20 January 2012. The ADSs have been issued under a Deposit Agreement between the Company and The Bank of New York Mellon ("BNYM"), as depositary, dated as of 17 May, 2006.
Reasons for the cancellation
Following the combination with Polyus Gold International Limited (formerly KazakhGold Group Limited) ("PGIL"), which completed in July 2011, the Company became a subsidiary of PGIL. PGIL subsequently increased its total stake in the Company to 92.95%, which together with ADSs held by Jenington International Inc., an indirect subsidiary of PGIL, constitutes approximately 95.31% of the issued share capital of the Company. PGIL Level I global depositary shares ("PGIL GDSs") are listed on the Official List of the United Kingdom Listing Authority and admitted to trading on the London Stock Exchange under the ticker symbol "PLGL".
Enquiries:
OJSC Polyus Gold Alexey V. Chernushkin, Director, Capital Markets and IR | +7 (495) 641 3377 |
Evguenia V. Buydina, IR manager | +7 (495) 785-4031 |
Anton A. Arens, PR Director | +7 (495) 641-3365 +7 (495) 544-5496 |