Polymetal International plc (POLY)
Polymetal: TR-1 Notification (Fodina)
23-March-2020 / 10:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattachedii:
Polymetal International plc
1b. Please indicate if the issuer is a non-UK issuer(please mark with an "X" if appropriate)
Non-UK issuer
X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
X
Other (please specify)iii:
3. Details of person subject to thenotification obligationiv
Name
Mr. Petr Kellner
City and country of registered office (if applicable)
VranénadVltavou, Czech Republic
4. Full name of shareholder(s) (if different from 3.)v
Name
Fodina B.V.
City and country of registered office (if applicable)
Amsterdam, The Netherlands
5. Date on which the threshold was crossed or reachedvi:
19/03/2020
6. Date on which issuer notified (DD/MM/YYYY):
20/03/2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A)
% of voting rights through financial instruments (total of 8.B1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached
2.58
3.92
6.50
(30,583,504 shares)
30,583,504
Position of previous notification (if
applicable)
3.37
3.13
6.50
(30,583,504 shares)
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(Art 9 of Directive 2004/109/EC)(DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
JE00B6T5S470
12,154,883
2.58
SUBTOTAL 8. A
12,154,883
2.58
B 1:Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financialinstrument
Expiration datex
Exercise/ Conversion Periodxi
Number of votingrights that may beacquired if theinstrument is
exercised/converted.
% of votingrights
Sale and repurchase agreements
30/09/2020
7,291,121
1.55
Sale and repurchase agreements
23/07/2020
11,137,500
2.37
SUBTOTAL 8. B 1
18,428,621
3.92
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financialinstrument
Expiration datex
Exercise/ Conversion Periodxi
Physical or cash
settlementxii
Number of votingrights
% of votingrights
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv(please add additional rows as necessary)
X
Namexv
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Petr Kellner
2.56
3.87
6.43
PPF Holdings B.V.
0.37
0.56
0.93
PPF Group N.V.
2.58
3.92
6.50
Fodina B.V.
2.58
3.92
6.50
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Polymetal International plc is a leading Russian producer of precious metals. Net sales break down by family of products as follows:
- gold (84.8%): 1,386,000 ounces sold in 2021;
- silver (14.5%): 17.5 million ounces sold;
- copper (0.7%): 2.1 kt sold.
Net sales are distributed geographically as follows: Russia (44%), Kazakhstan (34.9%), Asia (17%) and Europe (4.1%).