Polymetal International plc (POLY) Polymetal: Vesting of the 2016 performance share plan awards 01-May-2020 / 09:00 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
| Release time | IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY | | Date | 1 May 2020 |
Polymetal International plc Vesting of the 2016 performance share plan awards Polymetal announces that 2016 share awards under the Company's Performance Share Plan ("PSP"), part of the Company's Long-Term Incentive Plan, have vested. During the four-year performance period ending 28 April 2020 for the PSP awards made in 2016, Polymetal achieved a positive absolute Total Shareholder Return ("TSR") of 107.9% and outperformed a median TSR of 49.7% of the FTSE Gold Mines Index constituents. As a result, Polymetal ranked 7th by TSR out of 45 index participants. Accordingly, the 2016 performance share awards have partially vested with 89.7% of the total awards being granted, which includes 75.9% vesting percentage based on the TSR performance and additional share awards for the dividend equivalent paid during the 4-year performance period. 1,407,784 ordinary shares were issued and distributed to 267 participants of the PSP on 30 April 2020, representing 0.30% of the Company's increased share capital. The newly issued shares have a market value of US$28.6 million, based on the closing price as of 30 April 2020. "In its third year our PSP programme rewards performance of Polymetal's employees which have significantly contributed to strong shareholder returns", said Vitaly Nesis, Group CEO of Polymetal. Performance Share Plan Under the PSP, awards are released following a four-year performance period (with an additional mandatory holding period of one year following vesting), subject to certain performance measures being met. The vesting of awards is based on the Company's TSR measured against the TSR of the FTSE Gold Mines Index constituents, as well as the Company's absolute TSR over the same performance period. The vesting conditions were set as follows: 0% vests for below median performance; 20% vests at median performance; 100% vests at top decile performance and above; and Straight line vesting in between median and top decile. No award vests if an absolute TSR is negative even if performance is above median.No consideration is payable for the vesting of the awards by the beneficiaries. In certain cases of Good Leaver Circumstances, the award will usually vest as normal in accordance with the terms of the award. Alternatively, the Board may determine that the award will vest immediately. For more details on the PSP, please see Polymetal's 2019 Annual Report and Accounts available on the Company's website at www.polymetalinternational.com. Further to the 2016 award vesting, shares transferred to the Group CEO and Persons Discharging Managerial Responsibilities ("PDMRs") are presented in the table below: | Name | Position | Number of shares vested | Additional share awards for dividend equivalents | Shares granted under 2016 PSP award | Total shareholding of employee following vesting of 2016 award | | Vitaly Nesis | Director | 36,797 | 6,694 | 43,491 | 3,327,768 | | Vitaly Savchenko | PDMR | 13,210 | 2,402 | 15,612 | 78,590 | | Sergey Trushin | PDMR | 10,403 | 1,893 | 12,296 | 65,000 | | Roman Shestakov | PDMR | 9,435 | 1,717 | 11,152 | 52,986 | | Pavel Danilin | PDMR | 11,347 | 2,064 | 13,411 | 88,818 | | Igor Kapshuk | PDMR | 7,572 | 1,378 | 8,950 | 54,169 | | Valery Tsyplakov | PDMR | 12,228 | 2,224 | 14,452 | 266,528 | | Maxim Nazimok | PDMR | 10,190 | 1,854 | 12,044 | 61,382 |
Further to the 2016 award vesting, outstanding awards under the PSP are: | Name | Position | Outstanding awards under 2016-2020 PSP | 2016 PSP awards release | Total number of outstanding awards under the PSP | | Vitaly Nesis | Director | 247,049 | 48,507 | 198,542 | | Vitaly Savchenko | PDMR | 101,182 | 17,413 | 83,769 | | Sergey Trushin | PDMR | 80,171 | 13,714 | 66,457 | | Roman Shestakov | PDMR | 78,866 | 12,438 | 66,428 | | Pavel Danilin | PDMR | 83,807 | 14,958 | 68,849 | | Igor Kapshuk | PDMR | 63,232 | 9,982 | 53,250 | | Valery Tsyplakov | PDMR | 84,889 | 16,119 | 68,770 | | Maxim Nazimok | PDMR | 82,084 | 13,433 | 68,651 |
Applications have been submitted to the London Stock Exchange and UKLA on the official list and awarded shares are expected to be admitted to trading on the London Stock Exchange on 6 May 2020. The total issued share capital of the Company will comprise 471,791,037 ordinary shares of no par value, each carrying one vote. 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 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 43,491 | 0.00 | | 2016 PSP awards release | 0.00 | 48,507 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 15,612 | 0.00 | | 2016 PSP awards release | 0.00 | 17,413 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 12,296 | 0.00 | | 2016 PSP awards release | 0.00 | 13,714 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 11,152 | 0.00 | | 2016 PSP awards release | 0.00 | 12,438 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 13,411 | 0.00 | | 2016 PSP awards release | 0.00 | 14,958 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 8,950 | 0.00 | | 2016 PSP awards release | 0.00 | 9,982 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 14,452 | 0.00 | | 2016 PSP awards release | 0.00 | 16,119 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them 1 May 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 | Vesting of conditional award 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 | | Shares granted under 2016 PSP award | 0.00 | 12,044 | 0.00 | | 2016 PSP awards release | 0.00 | 13,433 | 0.00 |
| | e) | Date of the transaction | 30 April 2020 | | f) | Place of the transaction | London Stock Exchange / Outside a trading venue |
|
