For immediate release 3 September 2015
Polyus Gold International Limited
Notification of Major Shareholding
Polyus Gold International Limited (LSE and MICEX-RTS - PGIL, the "Company"), has been notified by Mr. Abusaid (Said) Kerimov that he has acquired the right to give mandatory instructions in respect of appointment of management and directors and conduct of business of Wandle Holdings Limited, a shareholder in Polyus Gold International Limited holding 40.2% of the capital.
A TR-1 Form dated 2 September 2015 prepared by Mr. Abusaid (Said) Kerimov under the FCA Disclosure and Transparency Rules and provided to the Company is set out below.
Enquiries:
Investor contact
Sergey Krivokhizhin, Director Investor Relations
+ 44 (0) 20 3713 4290 ir@polyusgold.com
Media contact
Artem Gorbachev, Press Secretary
+ 44 (0) 20 3713 4290 gorbachevav@polyusgold.com
Forward looking statements
This announcement may contain "forward-looking statements" concerning PGIL. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of PGIL's operations. Many of these risks and uncertainties relate to factors that are beyond PGIL's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. PGIL assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
For filings with the FCA include the annex |
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For filings with issuer exclude the annex |
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
Polyus Gold International Limited ("Polyus") |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
ü |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
Mr Abusaid (Said) Kerimov |
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4. Full name of shareholder(s) |
Wandle Holdings Limited |
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5. Date of the transaction and date on |
31 August 2015 |
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6. Date on which issuer notified: |
2 September 2015 |
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7. Threshold(s) that is/are crossed or |
40% |
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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1,219,680,676 |
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40.2 |
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Ordinary shares of £0.0001 JE00B5WLXH36 |
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B: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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N/A |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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N/A |
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Nominal |
Delta |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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1,219,680,676 |
40.2 |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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- Wandle Holdings Limited holds or is interested in 1,219,680,676 ordinary shares, representing 40.2% of the voting rights in Polyus. - Sacturino Limited (a Cyprus company) is a wholly owned subsidiary of Wandle Holding Limited (a Cyprus company). - Wandle Holdings Limited is a wholly owned subsidiary of Allclear Services Limited (a BVI company). - Allclear Services Limited is a wholly owned subsidiary of the PG Trust (based in Liechtenstein). - Suleyman Kerimov Foundation and Abusaid (Said) Kerimov are beneficiaries of PG Trust. - In addition, Abusaid (Said) Kerimov, through a protector of PG Trust with whom Abusaid (Said) Kerimov signed a Contract of Mandate on 31 August 2015, can give mandatory instructions in respect of appointment of management and directors and conduct of business of Wandle Holdings Limited (and Sacturino Limited).
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
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12. Date on which proxy holder will cease to hold |
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14. Contact name: |
Michail Koursaros |
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15. Contact telephone number: |
+357 22340564 |
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