Mandatory Tender Offer filed

RNS Number : 6740R

Polymetal International PLC

08 November 2011

 



For immediate release

8 November 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, ITALY OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF RELEVANT LAWS OR REQUIRE REGISTRATION THEREOF

POLYMETAL INTERNATIONAL PLC

Polymetal International plc ("Polymetal International" or the "Company")  announces that on 7 November 2011, PMTL Holding Limited ("PMTL"), a wholly owned subsidiary of the Company, filed the documents relating to the mandatory tender offer under Russian law for the ordinary shares of JSC Polymetal(the "Mandatory Tender Offer") with the Russian Federal Service for Financial Markets (the "Russian Regulator"). Any and all terms and conditions of the Mandatory Tender Offer are subject to review, approval and confirmation by the Russian Regulator.

It is expected that the review would take up to 15 days after the filing date, and the final terms and conditions of the Mandatory Tender Offer will be made available thereafter.

Media Contact Andrey Abashin Press-secretary Tel. [phone] [e-mail]

Investor Relations Contact Pavel Danilin EVP, Strategic Development Tel. [phone] [e-mail]

This announcement is not for distribution, directly or indirectly, in or into and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, or Japan. The securities referred to herein may not be offered, or sold in the United States absent registration under the US Securities Act of 1933, as amended, (the "Securities Act") or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan.

It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the Company and PMTL are located in foreign countries, and some or all of their officers and directors may be residents of foreign countries. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.

The distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

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