Director/PDMR Shareholding

RNS Number : 0555J

Polymetal International PLC

31 March 2015

 



Release time	IMMEDIATE
Date	31 March 2015

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 first award of shares under the DSA, which were granted in March 2014, vest on 31 March 2015 and was transferred to the Group CEO and Persons Discharging Managerial Responsibilities ("PDMRs") as presented in the table below: 

Name	Position	Number of shares vested on 31 March 2015	Additional share awards for dividend equivalents awarded on 31 March 2015	Total amount of shares allotted on     31 March 2015	Total shareholding of employee following vesting of share award as at 31 March 2015
Vitaly Nesis	Director	10,027	418	10,445	3,110,445
Vitaly Savchenko	PDMR	3,591	150	3,741	5,741
Sergey Cherkashin	PDMR	3,176	132	3,308	168,308
Sergey Trushin	PDMR	3,180	133	3,313	3,313
Roman Shestakov	PDMR	2,920	122	3,042	3,042
Pavel Danilin	PDMR	3,025	126	3,151	23,576
Igor Kapshuk	PDMR	2,073	86	2,159	2,159
Valery Tsyplakov	PDMR	3,660	153	3,813	188,813

In addition, further to the bonus approval for the year ended 31 December 2014, 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 2016, 2017 and 2018). 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 for the period ending 31 December 2013 available on the Company's web-site at www.polymetalinternational.com  

Name	Position	Outstanding shares under 2014 DSA DSA (net of issued shares on 31 March 2015)	Share grant under 2015 DSA	Total number of deferred shares under the DSA
Vitaly Nesis	Director	20,054	22,178	42,232
Vitaly Savchenko	PDMR	7,184	14,482	21,666
Sergey Cherkashin	PDMR	6,352	14,005	20,357
Sergey Trushin	PDMR	6,362	7,802	14,164
Roman Shestakov	PDMR	5,842	10,165	16,007
Pavel Danilin	PDMR	6,048	10,485	16,533
Igor Kapshuk	PDMR	4,146	6,990	11,136
Valery Tsyplakov	PDMR	7,318	11,268	18,586

No consideration is payable for the making or vesting of the awards by the beneficiaries. Shares are expected to be admitted to trading on or around 2 April 2015.

Notification is made under Disclosure Rule 3.1.4.

Following allotment of shares as per above to Group CEO, PDMRs and certain other employees of the Group, the total issued capital of the Company is 422,602,724.

Enquiries

Media		Investor Relations
Instinctif Partners Leonid Fink Tony Friend	[phone]	Polymetal Maxim Nazimok Evgenia Onuschenko Elena Revenko	[e-mail] [phone] (Russia) [phone] (UK)
Joint Corporate Brokers
Morgan Stanley Bill Hutchings Sam McLennan	[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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