20 Aug 2020 09:12
Press Release 20 August 2020
PJSC Polyus
Appointment of Senior Independent Director
PJSC Polyus (LSE, MOEX - PLZL) ("Polyus" or the ("Company") announces that the Board of Directors of the Company (the "Board") has established the new position of Senior Independent Director ("SID") on the Board and has approved the appointment of Maria Gordon to this position.
Maria Gordon has been appointed as SID with immediate effect. She has been an Independent Director of Polyus since 1 December 2017 and will retain her role as Chair of the Nomination and Remuneration Committee.
The SID will have the following specific duties:
· interact with the Company's shareholders;
· advise the Chairman of the Board on matters of corporate governance;
· coordinate communication between the Chairman of the Board and the independent directors, including by convening and chairing meetings of the independent directors, if necessary;
· play a key role in assessing the performance of the Chairman of the Board and the independent directors;
· ensure the effective operation of the Board and support the Chairman of the Board in establishing and maintaining constructive dialogue between the members of the Board and the Company's shareholders.
Edward Dowling was re-elected as the Chairman of the Board and no changes were made to the composition of the Board's Committees. All of the Board Committees are chaired by Independent Directors.
Edward Dowling, Chairman of the Board of Polyus, commented:
"I am delighted that Maria Gordon has agreed to take up the role of Senior Independent Director. She has extensive board experience in public companies and strong financial and capital markets expertise, and will add significant value in this important role. With the creation of the Senior Independent Director position, we have further enhanced corporate governance at Polyus as we continue to apply leading global standards."
Polyus
Polyus is the world's fourth-largest gold mining company by production volumes, with the third-largest attributable gold reserves and the lowest production costs among major global gold producers.
The company's principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Investor and Media contact
Victor Drozdov, Director Communications & Investor Relations (CIR) Department
+7 (495) 641 33 77
drozdovvi@polyus.com
Forward-looking statements
This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.