Key Developments: Polymetal International PLC (POLYP.L)

POLYP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Polymetal International announces acquisition of Kyzyl gold project
Thursday, 22 May 2014 02:00am EDT 

Polymetal International PLC:Acquires Kyzyl gold project in Kazakhstan for an initial consideration of US$618.5 mln.Enters into binding agreements with Sumeru Gold B.V. and Sumeru LLP for acquisition of Altynalmas Gold Ltd, the holding company for the Kyzyl gold project.Morgan Stanley & Co International plc is acting as sole financial advisor and corporate broker to Polymetal in connection with the Acquisition.  Full Article

Polymetal International PLC declares final dividend
Monday, 31 Mar 2014 02:09am EDT 

Polymetal International PLC:Declares final dividend of US$0.08 per ordinary share for the year ended Dec. 31, 2013 (2012: US$0.31).Payable on May 6.  Full Article

Polymetal International PLC not to pay FY 2013 special dividends
Thursday, 5 Dec 2013 02:00am EST 

Polymetal International PLC:Says on Dec. 4 the Board of Directors of the company has decided not to pay special dividends for the year ending Dec. 31.Says the company's dividend policy remains unchanged.Says the amount of the final dividend for the year will be reviewed by the Board in due course and recommended to shareholders for their approval at the Annual General Meeting in 2014.Says the regular dividends for the year shall represent 30 pct of the company's net earnings provided that Net debt / Adjusted EBITDA is below 1.75 or, at the Board's discretion, above that level.  Full Article

Polymetal International PLC enters into credit agreement with Sberbank
Monday, 2 Dec 2013 02:00am EST 

Polymetal International PLC:Says it has entered into a five-year facility agreement with JSC Sberbank of Russia for the total amount of $400 million (the Agreement).Says the funds to be drawn down under the Agreement will be used to repay the group's existing loans and finance ongoing operations, and are repayable in a bullet payment in five years.  Full Article

Polymetal International PLC's JV Entity Wins Contest for Copper Exploration and Mining License on Tarutin Area
Thursday, 19 Sep 2013 08:00pm EDT 

Polymetal International PLC (Polymetal) announced that LLC Vostochny Basis (VB), in which the Company owns 25%, won the contest for the subsoil use of the Tarutin copper property in Russia. The Tarutin license plot covers an area of 1.8 square kilometers and is located 28 kilometers (km) from the town of Chesma (population approximately 7,000) in the Chelyabinsk region of Russia and approximately 150 km by road from the Varvara copper-gold mining operation in Kazakhstan, which is owned by the Company. The infrastructure in the region where the license area is located is well developed, with a railway station located 20 km from the deposit. VB will pay RUB 15 million (approximately $0.5 million) for the license and undertakes to complete no less than 11,000 metres of exploration drilling during the first four years after the license is issued. Tarutin is a conventional copper-gold skarn mineralization with approximately 260 Kt of copper contained in open-pittable P-1 resources (estimated by the Russian State Central Research and Scientific Geological Exploration Institute without reference to the JORC code requirements).  Full Article

Polymetal International PLC Announces Inclusion in RTS and MICEX Indices of Moscow Exchange
Monday, 2 Sep 2013 11:00pm EDT 

Polymetal International PLC (Polymetal) announced that its ordinary shares have been included in RTS and MICEX indices, as well as Broader market index and Metals & Mining index, calculated by the Moscow Exchange. Polymetal is the first foreign issuer of shares to be included in RTS and MICEX indices. Effective date of inclusion of Polymetal shares in the indices is expected to be September 17, 2013.  Full Article

Polymetal International PLC Declares Interim Dividend
Wednesday, 28 Aug 2013 02:03am EDT 

Polymetal International plc announced that the Board of Directors of the Company has resolved to pay an interim dividend of USD0.01 per share for the six months ended June 30, 2013. The dividend will be paid on 26 September 2013 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling. Such election should be made not later than 9 September 2013.  Full Article

Polymetal International PLC Maintains H2 2013 Earnings Guidance-DJ
Wednesday, 28 Aug 2013 02:00am EDT 

Dow Jones reported that Polymetal International PLC said it maintains a positive outlook for the second half of 2013 both in terms of earnings and free cash.  Full Article

Polymetal International PLC To List Ordinary Shares On Moscow Exchange-DJ
Monday, 17 Jun 2013 02:25am EDT 

Dow Jones reported that Polymetal International PLC said it plans to list its ordinary shares on the Moscow Exchange this week. Shares will begin trading Thursday in Moscow with quotation and settlement in rubles, the Company said. The Company had traded on the exchange before its relocation to the London Stock Exchange last year.  Full Article

Polymetal International PLC Approves Final FY 2012 Dividend-Interfax
Thursday, 13 Jun 2013 02:43am EDT 

Interfax reported that the shareholders at Polymetal International PLC (Polymetal) approved final dividends for the fiscal year 2012 at their Annual General Meeting on June 13, Polymetal said in a press release. Polymetal's final dividends for 2012 are $0.31 per share. The Company's regular dividend policy sets aside 30% of net profit for its shareholders. The Company paid out special dividends of $0.5 per share at the end of last year, so together with regular dividends, shareholders will get $0.81 per share. Polymetal CEO Vitaly Nesis has said the Company will not be able to pay out generous special dividends for 2013.  Full Article

UPDATE 1-Polymetal hopes to boost output by 30 pct by 2019

* Hopes to boost its reserves by 50% (Adds company's comments, details throughout)

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