Source - RNS
RNS Number : 4095L
Polyus Gold International Ltd
30 September 2016
 

For immediate release                                                                               30 September 2016

Polyus Gold International Limited

 

Sale of 2.35% of ordinary shares in PJSC Polyus

 

Polyus Gold International Limited ("PGIL", or the "Company"), announces that it has sold 4,476,853 ordinary shares, representing 2.35% of the share capital in its subsidiary, PJSC Polyus (MOEX - PLZL) ("Polyus"), the largest gold producer in Russia.

The Share Purchase Agreement between the Company and its indirect subsidiary, Joint-Stock Company Gold-mining Company Polyus ("JSC Polyus"), was signed today and the transfer of shares from the Company to JSC Polyus was also completed today. The proceeds of the transactions have been used to pay off the intragroup loans.

 

Forward looking statements

This announcement may contain "forward-looking statements" concerning PGIL. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of PGIL's operations. Many of these risks and uncertainties relate to factors that are beyond PGIL's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. PGIL assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.


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