|
Polymetal International plc (POLY)
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
20
20
|
Polymetal International plc
Vesting of
the 201
6
performance share plan awards
Polymetal
announce
s
that 2016
share
awards
under the Company’s Performance S
hare
Plan (“PSP”), part of the
Company’s
Long-Term Incentive Plan
,
ha
ve
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 7
th
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
2
6
7
participants
of the PSP on
3
0
April
20
20
,
representi
ng
0.30
%
of the Company’s increased
share c
apital. 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 contribute
d
to
strong
shareholder
return
s
“, 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 v
esting
of
awards
is based on
the Company’s T
SR
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
-
S
traight 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
201
6
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 201
6
PSP award
|
Total shareholding of employee following vesting of
201
6
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
|
Furthe
r
to the
201
6
award v
esting, outstanding awards under the PSP are:
|
Name
|
Position
|
Outstanding
awards
under
201
6
–
20
20
PSP
|
201
6
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
|
A
pplication
s 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 20
20
.
T
he
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
|
F
orward-looking statements
T
his release may include statements that are, or may be deemed to be, “forward-looking statements”.
T
hese forward-looking statements speak only as at the date of this release.
T
hese 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.
T
hese forward-looking statements all include matters that are not historical facts.
B
y 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.
S
uch 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.
F
orward-looking statements are not guarantees of future performance.
T
here 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.
T
he 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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
b)
|
Nature of the transaction
|
Vesting of c
onditional 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 201
6
PSP award
|
0.00
|
43,491
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
48,507
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
15,612
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
17,413
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
12,296
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
13,714
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
11,152
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
12,438
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
13,411
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
14,958
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
8,950
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
9,982
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
14,452
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
16,119
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
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 20
20
|
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)
|
Lega
l 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 shares
JE00B6T5S470
|
|
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 201
6
PSP award
|
0.00
|
12,044
|
0.00
|
|
201
6
PSP awards release
|
0.00
|
13,433
|
0.00
|
|
|
e)
|
Date of the transaction
|
3
0
April
20
20
|
|
f)
|
Place of the transaction
|
London Stock Exchange / Outside a trading venue
|
|