Director/PDMR Shareholding

RNS Number : 7488T

Polymetal International PLC

31 March 2016

 

Release time	IMMEDIATE
Date	31 March 2016

Polymetal International plc

Director/PDMR Shareholding

Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") discloses the following information regarding certain of its share plans.

In accordance with the Deferred Share Awards plan ("DSA"), the award of shares under the DSA, which were granted in March 2014 and 2015, have vested and were transferred to the Group CEO and Persons Discharging Managerial Responsibilities ("PDMRs") on 30 and 31 March 2016 as presented in the table below: 

Name	Position	Number of shares vested	Additional share awards for dividend equivalents	Total amount of shares allotted	Total shareholding of employee following vesting of share award
Vitaly Nesis	Director	17,420	1,268	18,688	3,129,133
Vitaly Savchenko	PDMR	8,419	587	9,006	14,747
Sergey Cherkashin	PDMR	7,844	543	8,387	176,695
Sergey Trushin	PDMR	5,782	418	6,200	9,513
Roman Shestakov	PDMR	6,309	444	6,753	9,795
Pavel Danilin	PDMR	6,519	460	6,979	31,979
Igor Kapshuk	PDMR	4,403	311	4,714	6,873
Valery Tsyplakov	PDMR	7,415	528	7,943	196,756

In addition, further to the bonus approval for the year ended 31 December 2015, the Group CEO and PDMRs have received a deferred bonus award in shares under the terms of the DSA. The total award of shares is detailed in the schedule below. Share awards will vest annually to employees over the next three years in equal instalments (in March 2017, 2018 and 2019). Under the terms of the DSA, dividend equivalents will be received on vested shares reflecting the value of the dividends which have been paid during the period from the grant date to the vesting date. Dividend equivalents will also be paid as shares to employees.  Details of the DSA are disclosed in Polymetal's Annual Report and Accounts available on the Company's website at www.polymetalinternational.com

Name	Position	Outstanding shares under 2014 and 2015 DSA (net of issued shares)	Share grant under 2016 DSA	Total number of deferred shares under the DSA
Vitaly Nesis	Director	24,812	6,656	31,468
Vitaly Savchenko	PDMR	13,247	3,519	16,766
Sergey Cherkashin	PDMR	12,513	9,027	21,540
Sergey Trushin	PDMR	8,382	4,263	12,645
Roman Shestakov	PDMR	9,698	7,027	16,725
Pavel Danilin	PDMR	10,014	7,254	17,268
Igor Kapshuk	PDMR	6,733	4,991	11,724
Valery Tsyplakov	PDMR	11,171	7,778	18,949

No consideration is payable for the making or vesting of the awards by the beneficiaries.

In total 101,537 shares will be allotted to Group CEO, PDMRs and certain other employees of the Group. The new shares are expected to be admitted to trading on or around 1 April 2016. Following allotment of shares, the total issued capital of the Company is 424,751,675.

Notification is made under Disclosure Rule 3.1.4.

Enquiries

Media		Investor Relations
FTI Consulting Leonid Fink Jenny Payne	[phone]	Polymetal Maxim Nazimok Evgenia Onuschenko Maryana Nesis	[e-mail] [phone] (Russia) [phone] (UK)
Joint Corporate Brokers
Morgan Stanley Sam McLennan Richard Brown	[phone]	RBC Europe Limited Tristan Lovegrove Jonny Hardy	[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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