OREANDA-NEWS.  PPF Group (through Fodina B.V.) ("Fodina") and Staroak Limited (whose ultimate beneficiary is Mr. Ji?? ?mejc) ("Staroak" and, together with Fodina, the "Sellers") have successfully completed a placing of 26 million existing ordinary shares in aggregate (the "Placing Shares") in Polymetal International plc ("Polymetal" or the "Company"; London Stock Exchange plc ticker: POLY) (the "Placing"). The Placing Shares were sold at a price of GBp975 per Placing Share.

Fodina sold 13 million Placing Shares and Staroak sold 13 million Placing Shares, respectively. Following completion of the Placing, Fodina will hold approximately 55 million ordinary shares in the capital of the Company, representing approximately 12.9% of the Company's issued ordinary shares.  Staroak will hold approximately 6 million ordinary shares in the capital of the Company, representing approximately 1.5% of the Company's issued ordinary shares.

The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+2 basis on 27 September 2016, subject to the satisfaction or waiver of certain customary conditions. Goldman Sachs International and Morgan Stanley & Co. International plc (together, the "Bookrunners") are acting as joint bookrunners on the Placing.

The Company will not receive any proceeds from the Placing.

The ordinary shares in the capital of the Company retained by Fodina and Staroak following the Placing will be subject to a lock-up for 90 days from today's date, save for customary exceptions as well as pledges for financing transactions and waiver by the Bookrunners.