Polymetal International plc (POLY)
Polymetal: Vesting of the 2016 performance share plan awards
01-May-2020 / 09:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Release time IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY
Date 1 May 2020
Polymetal International plc
Vesting of the 2016 performance share plan awards
Polymetal announces that 2016 share awards under the Company's Performance
Share Plan ("PSP"), part of the Company's Long-Term Incentive Plan, have
vested.
During the four-year performance period ending 28 April 2020 for the PSP
awards made in 2016, Polymetal achieved a positive absolute Total
Shareholder Return ("TSR") of 107.9% and outperformed a median TSR of 49.7%
of the FTSE Gold Mines Index constituents. As a result, Polymetal ranked 7th
by TSR out of 45 index participants.
Accordingly, the 2016 performance share awards have partially vested with
89.7% of the total awards being granted, which includes 75.9% vesting
percentage based on the TSR performance and additional share awards for the
dividend equivalent paid during the 4-year performance period.
1,407,784 ordinary shares were issued and distributed to 267 participants of
the PSP on 30 April 2020, representing 0.30% of the Company's increased
share capital. The newly issued shares have a market value of US$28.6
million, based on the closing price as of 30 April 2020.
"In its third year our PSP programme rewards performance of Polymetal's
employees which have significantly contributed to strong shareholder
returns", said Vitaly Nesis, Group CEO of Polymetal.
Performance Share Plan
Under the PSP, awards are released following a four-year performance period
(with an additional mandatory holding period of one year following vesting),
subject to certain performance measures being met. The vesting of awards is
based on the Company's TSR measured against the TSR of the FTSE Gold Mines
Index constituents, as well as the Company's absolute TSR over the same
performance period. The vesting conditions were set as follows:
? 0% vests for below median performance;
? 20% vests at median performance;
? 100% vests at top decile performance and above; and
? Straight line vesting in between median and top decile.
? No award vests if an absolute TSR is negative even if performance is
above median.
No consideration is payable for the vesting of the awards by the
beneficiaries. In certain cases of Good Leaver Circumstances, the award will
usually vest as normal in accordance with the terms of the award.
Alternatively, the Board may determine that the award will vest immediately.
For more details on the PSP, please see Polymetal's 2019 Annual Report and
Accounts available on the Company's website at
www.polymetalinternational.com [1]. Further to the 2016 award vesting,
shares transferred to the Group CEO and Persons Discharging Managerial
Responsibilities ("PDMRs") are presented in the table below:
Name Position Number of Additional Shares Total
shares share awards granted sharehold
vested for dividend under 2016 ing of
equivalents PSP award employee
following
vesting
of 2016
award
Vitaly Director 36,797 6,694 43,491 3,327,768
Nesis
Vitaly PDMR 13,210 2,402 15,612 78,590
Savchenko
Sergey PDMR 10,403 1,893 12,296 65,000
Trushin
Roman PDMR 9,435 1,717 11,152 52,986
Shestakov
Pavel PDMR 11,347 2,064 13,411 88,818
Danilin
Igor PDMR 7,572 1,378 8,950 54,169
Kapshuk
Valery PDMR 12,228 2,224 14,452 266,528
Tsyplakov
Maxim PDMR 10,190 1,854 12,044 61,382
Nazimok
Further to the 2016 award vesting, outstanding awards under the PSP are:
Name Position Outstanding awards 2016 PSP Total number
under 2016-2020 awards of
PSP release outstanding
awards under
the PSP
Vitaly Nesis Director 247,049 48,507 198,542
Vitaly PDMR 101,182 17,413 83,769
Savchenko
Sergey PDMR 80,171 13,714 66,457
Trushin
Roman PDMR 78,866 12,438 66,428
Shestakov
Pavel Danilin PDMR 83,807 14,958 68,849
Igor Kapshuk PDMR 63,232 9,982 53,250
Valery PDMR 84,889 16,119 68,770
Tsyplakov
Maxim Nazimok PDMR 82,084 13,433 68,651
Applications have been submitted to the London Stock Exchange and UKLA on
the official list and awarded shares are expected to be admitted to trading
on the London Stock Exchange on 6 May 2020. The total issued share capital
of the Company will comprise 471,791,037 ordinary shares of no par value,
each carrying one vote.
About Polymetal
Polymetal International plc (together with its subsidiaries - "Polymetal",
the "Company", or the "Group") is a top-10 global gold producer and top-5
global silver producer with assets in Russia and Kazakhstan. The Company
combines strong growth with a robust dividend yield.
Enquiries
Media Investor Relations
FTI +44 20 3727 Polymetal ir@polymetalinternational.com
Consulting 1000
Evgeny +44 20 7887 1475 (UK)
Leonid Fink Monakhov
Viktor Timofey
Pomichal Kulakov
+7 812 334 3666 (Russia)
Kirill
Kuznetsov
Joint Corporate Brokers
Morgan +44 20 7425 RBC +44 20 7653 4000
Stanley & 8000 Europe
Co. Limited
Internationa
l plc
Marcus
Jackson
Andrew
Foster
Jamil
Miah
Richard
Brown
Panmure
Gordon
+44 20 7886
2500
James
Stearns
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.
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Vitaly Nesis
2 Reason for the notification
a) Position/status Director
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 43,491 0.00
under 2016 PSP
award
2016 PSP awards 0.00 48,507 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Vitaly Savchenko
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 15,612 0.00
under 2016 PSP
award
2016 PSP awards 0.00 17,413 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Sergey Trushin
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 12,296 0.00
under 2016 PSP
award
2016 PSP awards 0.00 13,714 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Roman Shestakov
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 11,152 0.00
under 2016 PSP
award
2016 PSP awards 0.00 12,438 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Pavel Danilin
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 13,411 0.00
under 2016 PSP
award
2016 PSP awards 0.00 14,958 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Igor Kapshuk
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 8,950 0.00
under 2016 PSP
award
2016 PSP awards 0.00 9,982 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Valery Tsyplakov
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 14,452 0.00
under 2016 PSP
award
2016 PSP awards 0.00 16,119 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
Notification of Transactions by Persons Discharging Managerial
Responsibilities
and Persons Closely Associated with them
1 May 2020
1 Details of the person discharging managerial responsibilities / person
closely associated
a) Name Maxim Nazimok
2 Reason for the notification
a) Position/status PDMR
b) Initial Initial notification
notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Full name of Polymetal International plc
the entity
b) Legal Entity 213800JKJ5HJWYS4GR61
Identifier Code
4 Details of the transaction(s): section to be repeated for (i) each
type of instrument; (ii) each type of transaction; (iii) each date;
and (iv) each place where transactions have been conducted
a) Description of
the financial
instrument,
type of
instrument Ordinary shares
JE00B6T5S470
Identification
code
b) Nature of the Vesting of conditional award under PSP (LTIP)
transaction
c) Price(s) and n/a
volume(s)
d) Aggregated Description of Aggregated Aggregated Total
information Financial Price Volume Aggregate
Transaction d Price
Shares granted 0.00 12,044 0.00
under 2016 PSP
award
2016 PSP awards 0.00 13,433 0.00
release
e) Date of the 30 April 2020
transaction
f) Place of the London Stock Exchange / Outside a trading venue
transaction
ISIN: JE00B6T5S470
Category Code: DSH
TIDM: POLY
Sequence No.: 61556
EQS News ID: 1034691
End of Announcement EQS News Service
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May 01, 2020 02:00 ET (06:00 GMT)
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