Polymetal shares will move to the first level of Moscow Exchange listing

Moscow Exchange will transfer shares of the largest Russian gold miner Polymetal to the first level of listing. The issuer’s securities will appear in the “major league” on October 19, the press service of the trading platform reported.

As a result of the news, Polymetal shares rose in price to 558.9 rubles. by 18:34 Moscow time. Compared to the closing price of the main session the day before, the increase was 1.18%. The Moscow Exchange index amounted to 3246.23 points (-0.02%). Since the beginning of the year, the company’s quotes have increased by 50.6%, the benchmark – by 50.71%.

On October 11, Polymetal executive director Vitaly Nesis received almost 19,000 shares of the company as part of the bonus program. At the close of October 10, the securities on the Moscow Exchange cost 520.2 rubles. Based on this, the cost of Nesis’s package could be 9.8 million rubles.

Polymetal completed the repurchase of 2.5 million shares under the exchange program. The company also announced the completion of the issue of new shares on the Kazakhstan exchange Astana International Exchange (AIX).

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