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31 Mar 2016 14:08
Release time |
IMMEDIATE |
Date | 31 March 2016 |
Polymetal International plc
Director/PDMR Shareholding
Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") discloses the following information regarding certain of its share plans.
In accordance with the Deferred Share Awards plan ("DSA"), the award of shares under the DSA, which were granted in March 2014 and 2015, have vested and were transferred to the Group CEO and Persons Discharging Managerial Responsibilities ("PDMRs") on 30 and 31 March 2016 as presented in the table below:
Name | Position | Number of shares vested | Additional share awards for dividend equivalents | Total amount of shares allotted | Total shareholding of employee following vesting of share award |
Vitaly Nesis | Director | 17,420 | 1,268 | 18,688 | 3,129,133 |
Vitaly Savchenko | PDMR | 8,419 | 587 | 9,006 | 14,747 |
Sergey Cherkashin | PDMR | 7,844 | 543 | 8,387 | 176,695 |
Sergey Trushin | PDMR | 5,782 | 418 | 6,200 | 9,513 |
Roman Shestakov | PDMR | 6,309 | 444 | 6,753 | 9,795 |
Pavel Danilin | PDMR | 6,519 | 460 | 6,979 | 31,979 |
Igor Kapshuk | PDMR | 4,403 | 311 | 4,714 | 6,873 |
Valery Tsyplakov | PDMR | 7,415 | 528 | 7,943 | 196,756 |
In addition, further to the bonus approval for the year ended 31 December 2015, the Group CEO and PDMRs have received a deferred bonus award in shares under the terms of the DSA. The total award of shares is detailed in the schedule below. Share awards will vest annually to employees over the next three years in equal instalments (in March 2017, 2018 and 2019). Under the terms of the DSA, dividend equivalents will be received on vested shares reflecting the value of the dividends which have been paid during the period from the grant date to the vesting date. Dividend equivalents will also be paid as shares to employees. Details of the DSA are disclosed in Polymetal's Annual Report and Accounts available on the Company's website at www.polymetalinternational.com
Name | Position | Outstanding shares under 2014 and 2015 DSA (net of issued shares) | Share grant under 2016 DSA | Total number of deferred shares under the DSA |
Vitaly Nesis | Director | 24,812 | 6,656 | 31,468 |
Vitaly Savchenko | PDMR | 13,247 | 3,519 | 16,766 |
Sergey Cherkashin | PDMR | 12,513 | 9,027 | 21,540 |
Sergey Trushin | PDMR | 8,382 | 4,263 | 12,645 |
Roman Shestakov | PDMR | 9,698 | 7,027 | 16,725 |
Pavel Danilin | PDMR | 10,014 | 7,254 | 17,268 |
Igor Kapshuk | PDMR | 6,733 | 4,991 | 11,724 |
Valery Tsyplakov | PDMR | 11,171 | 7,778 | 18,949 |
No consideration is payable for the making or vesting of the awards by the beneficiaries.
In total 101,537 shares will be allotted to Group CEO, PDMRs and certain other employees of the Group. The new shares are expected to be admitted to trading on or around 1 April 2016. Following allotment of shares, the total issued capital of the Company is 424,751,675.
Notification is made under Disclosure Rule 3.1.4.
Enquiries
| Media | Investor Relations | ||
FTI Consulting Leonid Fink Jenny Payne | +44 20 3727 1000 | Polymetal Maxim Nazimok Evgenia Onuschenko Maryana Nesis | ir@polymetalinternational.com
+7 812 313 5964 (Russia) +44 20 7016 9503 (UK) |
| Joint Corporate Brokers | |||
Morgan Stanley Sam McLennan Richard Brown | +44 20 7425 8000 | RBC Europe Limited Tristan Lovegrove Jonny Hardy | +44 20 7653 4000 |
FORWARD-LOOKING STATEMENTS
THIS RELEASE MAY INCLUDE STATEMENTS THAT ARE, OR MAY BE DEEMED TO BE, "FORWARD-LOOKING STATEMENTS". THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS RELEASE. THESE FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE WORDS "TARGETS", "BELIEVES", "EXPECTS", "AIMS", "INTENDS", "WILL", "MAY", "ANTICIPATES", "WOULD", "COULD" OR "SHOULD" OR SIMILAR EXPRESSIONS OR, IN EACH CASE THEIR NEGATIVE OR OTHER VARIATIONS OR BY DISCUSSION OF STRATEGIES, PLANS, OBJECTIVES, GOALS, FUTURE EVENTS OR INTENTIONS. THESE FORWARD-LOOKING STATEMENTS ALL INCLUDE MATTERS THAT ARE NOT HISTORICAL FACTS. BY THEIR NATURE, SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER IMPORTANT FACTORS BEYOND THE COMPANY'S CONTROL THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS REGARDING THE COMPANY'S PRESENT AND FUTURE BUSINESS STRATEGIES AND THE ENVIRONMENT IN WHICH THE COMPANY WILL OPERATE IN THE FUTURE. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE. THERE ARE MANY FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THE COMPANY EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING TO DISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN TO REFLECT ANY CHANGE IN THE COMPANY'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENTS ARE BASED.
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