Shareholder Info

JSC Polymetal’s charter capital as of December 31, 2006 was 55,000,000 rubles which was divided into 275,000,000 ordinary nominal uncertified shares with a nominal value of 0.2 rub. each.

In February 2007 the Company held its initial IPO on the London Stock Exchange as well as on the Russian RTS and MICEX exchanges. During Polymetal’s global offering 38,000,000 shares were placed by the sole shareholder in the form of shares and GDR and 40,000,000 shares were placed as an additional GDR emission. One GDR was equal to one share. The stock debuted at a price of $7.75 per share/GDR, placing the Company’s net capitalization as a result of the transaction at $2.44 billion. In all, 24.8% of Polymetal’s charter capital was involved in the placement.

As of December 31, 2007 the Company’s charter capital was split among 315,000,000 ordinary nominal uncertified shares with a nominal value of 0.2 rub., for a total of 63,000,000 rubles. The number of issued shares and the size of the Company’s charter capital didn’t change in 2008. The Company didn’t issue preferred shares.

In June 2008 ANIKETA INVESTMENTS LIMITED sold its share in the company (68%) to three parties: POWERBOOM INVESTMENTS LIMITED (Quotan International Limited is the principal shareholder) (23,97%), the ultimate beneficiary of which is Alexander Nesis (ICT Group);  PEARLMOON LIMITED (PPF Group NV is the principal shareholder) (24,82%), the ultimate beneficiary of which is Peter Kellner; VITALBOND LIMITED (Inure Enterprises Limited is the principal shareholder) (19,02%), the ultimate beneficiary of which is Alexander Mamut.

 In 2008 due to change of the owners the implementation of the options program covering 5,5 million shares was triggered ahead of the originally scheduled date, and as a result, as of December 31, 2008  330 employees of the Company were Polymetal shareholders, including employees at subsidiaries. Upon additional issue the Company management own 1,15% of voting shares in the Company.

In November 2009 the Company additionally issued 84,375,000 ordinary shares by private subscription in favour of JSC Polymetal Management, its subsidiary, as well as shareholders of CJSC Ajax Gold Miners Team and LLC Rudnik Kvartseviy. As a result of additional issue, the Company’s charter capital increased up to 79,875,000 rubles and was divided into 399,375,000 ordinary nominal uncertified shares with a nominal value of 0.2 rub. each.

The Company’s ordinary shares received by JSC Polymetal during additional issue floating were then used for acquisition of 91% shares in the charter capital of LLC Maiskoe Gold-Mining Company (3,99%) and also transferred to other JSC Polymetal subsidiaries (10,28%).

PEARLMOON LIMITED, POWERBOOM INVESTMENTS LIMITED and VITALBOND LIMITED didn’t participate in floatation of additional issue shares as a result of which number of their shares decreased to 19,58%, 18,90% and 15,00%, correspondingly. Also as of May 18, 2010 Deutsche Bank Trust Company Americas (about 13,5%) relates to the shareholders owing more than 5% of the Company’s voting shares.

As of May 18, 2010 approximately 53,9 mln shares or 13,5% of the Company’s stock capital were in the form of GDRs, mainly traded on the LSE. According to the data received during regular meetings with investors, the Company’s GDRs are held by funds from many countries around the world including Great Britain, the USA, Australia, Germany, France, Singapore, Switzerland and others. The funds tend to focus on investments in the gold mining sector and developing markets as well.

Shareholder	Number of shares (mln)	Share in charter capital, %
Pearlmoon	78,2	19,59
Powerboom	75,4	18,88
Vitalbond	59,9	15,00
MBC Development	17,5	4,38
JSC Polymetal subsidiaries	41,0	10,27
Other (free float)*	127,3	31,88
Total	399,3	100,00

 

* Including Deutsche Bank Trust Company Americas (organizer of floating of the Company’s GDRs)

 

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