Polymetal bought back 2.5 million shares under the exchange program

One of the largest Russian gold miners Polymetal completed the repurchase of shares under the exchange program. In the second tranche, the repurchase volume amounted to 2.5 million ordinary shares, should from the company’s message on the Corporate Disclosure Center website.

The first stage of share repurchase in the amount of 39.07 million shares. Polymetal held on December 9, 2022. The total number of securities exchanged was 41.6 million. Following completion of the repurchase program, the company will account for the common stock as treasury stock.

Polymetal also announced the completion of the issue of new shares on Kazakhstan’s Astana International Exchange (AIX). Taking into account those purchased, their total number amounted to 515.3 million units. with a nominal value of $0.03.

By 12:11 Moscow time, the price of the company’s shares on the Moscow Exchange increased by 2.8% to 535.5 rubles. The trading floor index amounted to 3187.44 points (+0.33%). Since the beginning of the year, Polymetal quotes have increased by 44.26%, the benchmark – by 47.91%.

On the AIX exchange, the price of shares of the gold miner at 12:11 was $3.72. Compared to the price at the close of trading on October 10, the quotes have not changed. The AIX index by this time had increased by 6.85% to 1164.16 points. Since the beginning of the year, the benchmark has grown by 22.76%.

AIX announced on October 2 the inclusion of shares Polymetal to your index. Their weight in the indicator is 15%. Listing in Kazakhstan became the main one for the company; it also retained its presence on the Moscow Exchange.

Gold miner also reported at the end of September about plans to resume listing on the London Stock Exchange (LSE). Trading may begin after the sale of the Russian division.

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