Changes occur in the composition of Polymetal’s shareholders

Polymetal has solved the problem of uncertainty capital structure after the acquisition of the Kazakh field Kyzyl for $68 million. As a result of the declared net settlement of put option Financial Group "Otkrytie will be owner of 31 347 078 shares (7.40% of the total issued share capital of Polymetal) and Sumeru Gold BV will leave the ranks of the gold mining company’s shareholders.

"I am confident that the net settlement on the put option is the best variant for Polymetal and its shareholders in the current market situation. We get rid of the uncertainty in the share capital structure of the company and strengthen our financial position," - said general director of Polymetal Vitaly Nesis.