Director/PDMR Shareholding

RNS Number : 7239W
Polymetal International PLC
28 April 2016
 

 

 

Release time

 

IMMEDIATE

Date

28 April 2016

 

 

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 the grant of options under its Performance Share Plan.

Under the current Performance Share Plan ("PSP"), a conditional award over ordinary shares of the Company with no par value was made to the Group CEO and the following PDMRs of the Company as follows: 

Name

Position

Number of awards granted in 2016

Total number of options outstanding under the PSP

Vitaly Nesis

Director

48,507

188,838

Vitaly Savchenko

PDMR

 17,413   

65,887

Sergey Cherkashin

PDMR

 16,169   

62,946

Pavel Danilin

PDMR

 14,958   

35,361

Sergey Trushin

PDMR

 13,714   

50,961

Roman Shestakov

PDMR

 12,438   

45,885

Igor Kapshuk

PDMR

 9,982   

38,020

Valery Tsyplakov

PDMR

 16,119

62,829

No consideration is payable for the making or vesting of the awards by the beneficiaries. No PSP awards vested or were exercised up to the date of this announcement.

Under the PSP, options are exercisable following a four-year vesting period (with an additional mandatory holding period of one year following vesting), subject to performance measures determined by Polymetal. For this award, vesting is based on relative TSR, measured against the constituents of the FTSE Gold Mines Index, and also on the Company's absolute TSR. Peers are ranked and the Company's position determines vesting (0% vests for below median performance; 20% vests at median performance; 100% vests at top decile performance and above). No award will vest if absolute TSR is negative, regardless of relative performance. Details of the PSP are more fully described in the 2015 Polymetal Annual Report and Accounts available on the Company's website at www.polymetalinternational.com.

This notification is made under Disclosure Rule 3.1.4.  

Enquiries

Media

 

Investor Relations

FTI Consulting

Leonid Fink

Jenny Payne

+44 20 3727 1000

Polymetal

Maxim Nazimok

Evgenia Onuschenko

Maryana Nesis

ir@polymetalinternational.com

 

+7 812 313 5964 (Russia)

+44 20 7016 9503 (UK)

Joint Corporate Brokers

 

Morgan Stanley

Sam McLennan

Richard Brown

+44 20 7425 8000

RBC Europe Limited

Tristan Lovegrove

Marcus Jackson

+44 20 7653 4000

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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