Polymetal shareholders approved the exchange of frozen shares – Kommersant
[ad_1]
Shareholders of the mining company Polymetal Int (MOEX: POLY) at the general meeting on December 8, they approved a new exchange of shares blocked due to EU sanctions against the National Settlement Depository. The shares are expected will replace to those issued on the Kazakhstan AIFC Exchange (AIX).
According to press release company, it is now finalizing the approval of brokers for the exchange. Other details are planned to be released soon.
The blocked shares represent about 22% of Polymetal’s share capital. Due to sanctions and restrictions in Russian legislation, only non-sanctioned shareholders who are not associated with “unfriendly” countries will be able to take part in the exchange.
In August, Polymetal completed its re-registration from the Island of Jersey to the Astana International Financial Center in Kazakhstan. In October, Polymetal shares turned on to the index of the Kazakhstan exchange AIX. In the same month, the company, as part of an exchange bought it out 2.5 million common shares.
[ad_2]
Source link
