POLY.L Regulatory News (POLY)

Polymetal International plc

Update to the timetable of the Re-domiciliation

Polymetal International plc (the “Company”) provides an update to the timetable in connection with the re-domiciliation to the Astana International Financial Centre (“AIFC”) in Kazakhstan as approved by Shareholders at the General Meeting on 30 May 2023 (the “Re-domiciliation”).

Today, the Company issues an update to the Re-domiciliation timetable.

As announced by the Company and pursuant to the shareholder circular published on 10 May 2023 (the “Re-domiciliation Circular”), the Board sought approval of the Shareholders to re-domicile the Company from Jersey to the AIFC in Kazakhstan. The requisite resolutions were passed at the General Meeting on 30 May 2023.

Whilst the Company continues to pursue fulfilment of the remaining conditions required to implement the Re-domiciliation, it acknowledges that it will now not meet the scheduled timetable as a result of delays in anticipated processes on which the Re-domiciliation is contingent.

The Company will notify Shareholders by an announcement through a Regulatory Information Service when it has further certainty on timing.

In any event, given that the Re-domiciliation will only occur after the conclusion of the Company’s 2023 Annual General Meeting (“AGM”), a notice of which has been issued today and which is scheduled to be held on 25 July 2023, the Company confirms that the Re-domiciliation will not occur prior to the week commencing 31 July 2023, at the earliest.

Further details of the Re-domiciliation can be found in the Re-domiciliation Circular and in the FAQs, both of which can be found at: https://www.polymetalinternational.com/en/re-domiciliation-agm/.

For the avoidance of doubt, the Company reminds Shareholders that, as clearly stated in the Re-domiciliation Circular, the Re-domiciliation is subject to the satisfaction of certain conditions and will proceed provided the Board can be assured at all times of continuing compliance with all applicable sanctions. The Company and the Board continues to work with their legal advisers in order to be able to give that assurance. Subject to continuing sanctions compliance and satisfaction of the remaining conditions, the Re-domiciliation is expected to proceed as set out in the Re-domiciliation Circular, save for the update outlined above.

Further announcements will be made as and when necessary.

Unless otherwise defined herein, defined terms have the same meaning as defined in the Re-domiciliation Circular, as appropriate

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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.