Polyus Gold Reports on Publication of Prospectus
OREANDA-NEWS. June 18, 2012. Further to the announcements made on 30 April 2012 and 17 May 2012, Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY, "PGIL" or the "Company"), the largest gold producer in Russia, announces that it has published its prospectus (the "Prospectus") in connection with the admission of its entire issued ordinary share capital (the "Shares") to the premium listing segment of the Official List maintained by the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Main Market") ("Admission"), reported the press-centre of Polyus Gold.
It is expected that Admission will become effective and that dealings in the Shares on the Main Market will commence at 08.00am on 19 June 2012. Effective with Admission of the Shares, the Company will cancel the listing of its existing Level 1 Global Depository Receipts ("GDRs") and amend the GDR programme ("Level 1 GDR Programme) to limit the number of Shares that may be held in the Level 1 GDR Programme to 4.99% of PGIL's issued share capital. Holders of cancelled GDRs will receive delivery of the underlying Shares reflecting their cancelled GDRs upon Admission. In connection with the Admission, J.P. Morgan Cazenove is acting as sole Sponsor.
On 11 May 2012, the Company announced the completion of the sale by Jenington International Inc. (an indirect subsidiary of PGIL) of (i) a 5% stake less one Share in PGIL to Chengdong Investment Corporation, a wholly-owned subsidiary of CIC International Co. Ltd., and (ii) Shares and Level I GDRs representing a 2.50% stake in PGIL to JSC VTB Bank, for total gross proceeds of USD 635.5 million. The Company is not raising any further funds or issuing any further Shares in connection with Admission.
The Company's TIDM code on the London Stock Exchange will be PGIL. On Admission, there will be 3,032,149,962 Shares in issue.
Copies of the Prospectus are available free of charge from the Company's offices at Argyll, 18b Charles Street, London W1J 5DU during normal business hours and on the Company's website (www.polyusgold.com). A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.