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Polymetal to delist GDRs from LSE
24.01.2012
Polymetal intends to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange (LSE) in March 2012, the leading Russian gold and silver producer said in a statement.
Polymetal also plans to apply to the MICEX-RTS stock exchange to delist its ordinary shares from the Quotation List B after it has completed its mandatory tender offer on February 1. Each GDR represents one ordinary share with a par value of RUB 0.2.
Polymetal was earlier reorganized into Polymetal International, which was registered in the British island territory of Jersey and received an LSE listing in November 2011.
On October 28, 2011 Polymetal sold 53.35m new shares or 13.8% of its share capital, having raised $785.3m. Free float amounted to 50.7%.
www.rbcnews.com/
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