Polymetal International plc (POLY.L) announced that the acquisition of 100% of ZAO "Maminskaya Gornorudnaya kompania" which holds Maminskoye gold mining field exploration and mining licence was completed on April 9.
The total consideration comprised $3.9 million in cash, with the balance of $73.4 million payable through the issue of 5,491,661 new Polymetal ordinary shares. The new shares are expected to be admitted to trading on the London Stock Exchange on April 11. Following the allotment, the total issued share capital of Polymetal will comprise 389,472,865 ordinary shares of no par value, each carrying one vote.
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