Moscow. December 3. Polyus Gold officially informed investors that between 11:00 GMT on Thursday the company’s shares are excluded from the quotation list of the London stock exchange.
On “the Moscow stock exchange” where securities PGIL traded as shares of a foreign Issuer, the last day of transactions in the order book was 27 November, in the mode of negotiated transactions and inter-dealer repos – the first of December.
“To exclude 4 December 2015 from the section “first level” of the list of securities admitted to trading in CJSC “MICEX stock exchange”, in respect of delisting of securities of a foreign Issuer on the London stock exchange the ordinary shares of Polyus Gold International Limited”, – stated in the message “Moscow exchange”, released on Thursday.
As expected, soon the parent company gold group will be OJSC “Polyus Gold”, in which more than 95% of shares is controlled by Polyus Gold. OJSC “Polyus Gold” will retain its listing on the “Moscow exchange”. And in the future, the company may consider listing receipts for the shares of this entity on the LSE (instead of the current program of American Depositary receipts). Also “the pole Gold” can in the future to try to transfer the shares in the quotation list of a higher level on “Moscow exchange” (in the General case, to obtain first and second level of listing, according to the rules of the Moscow stock exchange, free float must be at least 10%).
Now Polyus Gold in the foreclosure process Sacturino company Limited (beneficiaries are Suleiman Kerimov established the Suleyman Kerimov Foundation Fund, and also the son of Senator Saeed Kerimov). Sacturino long ago declared that it intends to re-register the gold miner as a private company.
