Committee changes and Chair succession plan

RNS Number : 7936S

Polymetal International PLC

27 June 2018

 

Release time	IMMEDIATE
Date	27 June 2018

Polymetal International plc

Nomination Committee changes and Chair succession plan

Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") announces changes within the Nomination Committee and begins search for successor to Chairman Bobby Godsell as part of the Company's Board succession program.

In compliance with the UK Governance Code and to ensure an orderly succession, the Board will undertake the search for a Non-Executive Chairman to succeed Mr Bobby Godsell as Chair of the Company prior to him approaching his full nine-year term on Polymetal's Board. M L S De Sousa-Oliveira, Senior Independent Director, will replace Mr Godsell as Chair of the Nomination Committee of the Board to lead the search process. In the meantime, Mr Godsell will continue to lead the board until at least the Company's 2019 AGM whilst the search for his successor progresses, and Polymetal will provide an update in due course.

Jonathan Best, Chairman of the Audit and Risk Committee, commented: "Bobby is a strong and inspiring Chairman who has played a key role in the Company's success and to whom we owe a debt of gratitude for his leadership and support over the years. During Bobby's tenure, Polymetal has grown into a leading global gold producer with a unique project pipeline and a robust strategy that will ensure the Company's growth going forward. "

Background note

Polymetal announced the launch of its Board of Directors succession programme in June 2017. The Company aims to further enchance the Board's core skills in finance, mining and institutional investor engagement while adhering to the highest international best practice standards of corporate governance, including the need to ensure a progressive renewal of the Board. These are among the key objectives of driving the ongoing phased refresh of the Company's Non-Executive Directors. 

Ms Tracey Kerr and Mr Giacomo Baizini were appointed as Independent Non-Executive Directors with effect from 1 January 2018 and Mr M L S De Sousa-Oliveira was appointed as a Senior Independent Non-Executive Directors with effect from 25 April 2018.

Enquiries

Media		Investor Relations
FTI Consulting Leonid Fink Viktor Pomichal	[phone]	Polymetal Evgenia Onuschenko Maryana Nesis Michael Vasiliev	[e-mail] [phone] (UK) [phone] (Russia)
Joint Corporate Brokers
Morgan Stanley Andrew Foster Richard Brown Panmure Gordon Adam James James Stearns	[phone] [phone]	RBC Europe Limited Tristan Lovegrove Marcus Jackson	[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

 

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