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23 Mar 2022 16:31
Press Release 23 March 2022
Corporate Update
PJSC Polyus (LSE, MOEX: PLZL) ("Polyus" or the "Company") confirms its adherence to the highest corporate governance standards and launches the process of identifying potential candidates of appropriate caliber and experience to fill the roles of Independent Directors ("INEDs") on its Board of Directors ("BoD"). Following the appointment of new INEDs, the BoD is anticipated to consist of at least nine members, with the majority of INEDs on it.
In addition to existing Audit, Nomination & Remuneration, Strategy and Operations Committees, Polyus intends to introduce an ESG Committee to the BoD structure. The objective of the Committee will be to consider environmental, social and governance issues relevant for the Company and support it in maintaining its position as an ESG leader in the mining industry.
The results of the search as well as the date of a general meeting of shareholders for the election of the new members of the BoD will be announced in due course.
Polyus
Polyus is the world's fourth-largest gold mining company by production volumes and the largest gold miner in terms of attributable gold ore reserves. The Company has the lowest production costs among major global gold producers. Its 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)
+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.
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