Polymetal: Vesting of the 2017 performance shar...

Polymetal International plc (POLY) Polymetal: Vesting of the 2017 performance share plan awards 23-Apr-2021 / 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 23 April 2021 Polymetal International plc Vesting of the 2017 performance share plan awards Polymetal announces that 2017 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 19 April 2021 for the PSP awards made in 2017, Polymetal achieved a positive absolute Total Shareholder Return ("TSR") of 105.0% and outperformed a median TSR of 25.4% of the FTSE Gold Mines Index constituents. As a result, Polymetal ranked 6th by TSR out of 45 index participants. Accordingly, the 2017 performance share awards have vested with 103.0% of the total awards being granted, which includes 86.9% vesting percentage based on the TSR performance and additional share awards for the dividend equivalent paid during the 4-year performance period. 1,575,196 ordinary shares were issued and distributed to 259 participants of the PSP on 21 and 22 April 2021, representing 0.33% of the Company's increased share capital. The newly issued shares have a market value of US$34.7 million, based on the closing price as of 20 April 2021. "2020 was an exceptional year with massive challenges requiring outstanding performance to stay on track. Polymetal is proud to reward 259 employees whose dedication and competence drove sector-leading 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 2020 Annual Report and Accounts available on the Company's website at www.polymetalinternational.com. Further to the 2017 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 2017 PSP award Total shareholding of employee following vesting of 2017 award Vitaly Nesis Director  41,059  7,605  48,664  3,387,400 Vitaly Savchenko PDMR  14,739  2,730  17,469  93,207 Sergey Trushin PDMR  11,608  2,150  13,758  87,763 Roman Shestakov PDMR  11,609  2,150  13,759  76,349 Pavel Danilin PDMR  13,687  2,535  16,222  114,022 Igor Kapshuk PDMR  9,354  1,733  11,087  72,561 Valery Tsyplakov PDMR  13,644  2,527  16,171  291,632 Maxim Nazimok PDMR  13,515  2,503  16,018  75,349 Further to the 2017 award vesting, outstanding awards under the PSP are: Name Position Outstanding awards under 2017-2021 PSP  2017 PSP awards release Total number of outstanding awards under the PSP Vitaly Nesis Director  219,225  47,249  171,976 Vitaly Savchenko PDMR  96,960  16,961  79,999 Sergey Trushin PDMR  77,456  13,358  64,098 Roman Shestakov PDMR  76,670  13,359  63,311 Pavel Danilin PDMR  79,096  15,750  63,346 Igor Kapshuk PDMR  61,449  10,765  50,684 Valery Tsyplakov PDMR  79,012  15,701  63,311 Maxim Nazimok PDMR  78,898  15,552  63,346 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 27 April 2021. The total issued share capital of the Company will comprise 473,556,152 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 [phone] Polymetal Evgeny Monakhov Timofey Kulakov Kirill Kuznetsov [e-mail] [phone] (UK) [phone] (Russia) Joint Corporate Brokers   Morgan Stanley & Co. International plc Andrew Foster Richard Brown Panmure Gordon Daniel Norman John Prior [phone] [phone] RBC Europe Limited Marcus Jackson Jamil Miah [phone] 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      23 April 2021 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 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 2017 PSP award 0.00 48,664 0.00 2017 PSP awards release 0.00 47,249 0.00 e) Date of the transaction 21 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 17,469 0.00 2017 PSP awards release 0.00 16,961 0.00 e) Date of the transaction 21 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 13,758 0.00 2017 PSP awards release 0.00 13,358 0.00 e) Date of the transaction 21 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 13,759 0.00 2017 PSP awards release 0.00 13,359 0.00 e) Date of the transaction 21 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 16,222 0.00 2017 PSP awards release 0.00 15,750 0.00 e) Date of the transaction 21 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 11,087 0.00 2017 PSP awards release 0.00 10,765 0.00 e) Date of the transaction 23 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 16,171 0.00 2017 PSP awards release 0.00 15,701 0.00 e) Date of the transaction 21 April 2021 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      23 April 2021 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 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 2017 PSP award 0.00 16,018 0.00 2017 PSP awards release 0.00 15,552 0.00 e) Date of the transaction 21 April 2021 f) Place of the transaction London Stock Exchange / Outside a trading venue

ISIN:	JE00B6T5S470
Category Code:	DSH
TIDM:	POLY
LEI Code:	213800JKJ5HJWYS4GR61
Sequence No.:	100622
EQS News ID:	1187884

End of Announcement	EQS News Service