| Release time | IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY |
| Date | 28 April 2020 |
Polymetal International plc
Director/PDMR Shareholding
Polymetal discloses the following information regarding the grant of options under its Performance Share Plan.
Under the current Performance Share Plan ("PSP"), a conditional award of ordinary shares in the Company with no par value was made to the Group CEO and the following PDMRs of the Company as follows:
| Name | Position | Number of awards granted in 2020 | Total number of awards outstanding under the PSP |
| Vitaly Nesis | Director | 34,983 | 247,049 |
| Vitaly Savchenko | PDMR | 21,247 | 101,182 |
| Sergey Trushin | PDMR | 16,514 | 80,171 |
| Roman Shestakov | PDMR | 16,499 | 78,866 |
| Pavel Danilin | PDMR | 16,514 | 83,807 |
| Igor Kapshuk | PDMR | 13,214 | 63,232 |
| Valery Tsyplakov | PDMR | 16,499 | 84,889 |
| Maxim Nazimok | PDMR | 16,514 | 82,084 |
No consideration is payable for the making or vesting of the awards by the beneficiaries. A total of 2,497,292 awards was granted to the Group CEO, PDMRs and other employees of the Group.
Further to the approval of the revised Directors' remuneration policy at the 2020 AGM by the shareholders, the PSP, awards are exercisable following a four-year vesting period (with an additional mandatory holding period of one year following vesting), subject to performance measures determined by Polymetal. For this award, vesting is based on relative TSR, measured against the constituents of the FTSE Gold Mines Index, as well as the Company's absolute TSR. Peers are ranked and the Company's position determines vesting (0% vests for below median performance; 20% vests at median performance; 100% vests at upper quintile performance and above). No award will vest if absolute TSR is negative, regardless of relative performance. For more details on the PSP, please refer to the 2019 Polymetal Annual Report and Accounts available on the Company's website at www.polymetalinternational.com.
This notification is made in accordance with Article 19 of the Market Abuse Regulation.
About Polymetal
Polymetal International plc (together with its subsidiaries - "Polymetal", the "Company", or the "Group") is a top-10 global gold producer and top-5 global silver producer with assets in Russia and Kazakhstan. The Company combines strong growth with a robust dividend yield.
Enquiries
| Media | | Investor Relations |
| FTI Consulting Leonid Fink Viktor Pomichal | +44 20 3727 1000 | Polymetal Evgeny Monakhov Timofey Kulakov Kirill Kuznetsov | ir@polymetalinternational.com +44 20 7887 1475 (UK) +7 812 334 3666 (Russia) |
| Joint Corporate Brokers | |
| Morgan Stanley & Co. International plc Andrew Foster Richard Brown Panmure Gordon James Stearns | +44 20 7425 8000 +44 20 7886 2500 | RBC Europe Limited Marcus Jackson Jamil Miah | +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.
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Vitaly Nesis |
| 2 | Reason for the notification |
| a) | Position/status | Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 34,983 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Vitaly Savchenko |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 21,247 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Sergey Trushin |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 16,514 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Roman Shestakov |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 16,499 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Pavel Danilin |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 16,514 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Igor Kapshuk |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 13,214 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Valery Tsyplakov |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 16,499 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
Notification of Transactions by Persons Discharging Managerial Responsibilities
and Persons Closely Associated with them
28 April 2020
| 1 | Details of the person discharging managerial responsibilities / person closely associated |
| a) | Name | Maxim Nazimok |
| 2 | Reason for the notification |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
| a) | Full name of the entity | Polymetal International plc |
| b) | Legal Entity Identifier Code | 213800JKJ5HJWYS4GR61 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary sharesJE00B6T5S470 |
| b) | Nature of the transaction | Conditional award of ordinary shares under PSP (LTIP) |
| c) | Price(s) and volume(s) | n/a |
| d) | Aggregated information | | Description of Financial Transaction | Aggregated Price | Aggregated Volume | Total Aggregated Price | | Conditional award of ordinary shares | 0.00 | 16,514 | 0.00 |
|
| e) | Date of the transaction | 27 April 2020 |
| f) | Place of the transaction | London Stock Exchange |
