Page 111 - RusRPTSept23

8.3.3 ECM news
Polymetal confirmed that the re-domiciliation of the company from Jersey to the Astana International Financial Centre in Kazakhstan has been completed the company said on August 7. "Polymetal International plc is pleased to confirm that the re-domiciliation of the Company from Jersey to the Astana International Financial Centre in Kazakhstan has successfully completed effective as at 7 August 2023," the company said. "The Company confirms that it remains listed on the AIX which has now become the Company’s primary stock exchange. The resumption of trading on the AIX will be announced separately, once the Company has completed the technical register migration procedures. Unless otherwise defined herein, defined terms have the same meaning as set out in Re-domiciliation Circular," the statement said. Polymetal is one of the world's top ten gold producers and one of the top five silver producers. The company's assets are located in Russia and Kazakhstan. Polymetal owns ten active gold and silver mines and a portfolio of development projects.
Russia’s Magnitogorsk Iron and Steel Works (MMK) sees no possibilities of buying back its shares from foreigners, Ilya Nechayev, manager of the investor relations department, said on August 23.
8.4 International ratings
Russia - Rating agency
as of May 30, 2022
last change
Moodys (USD rating)
Ca
06/03/22
Fitch (USD rating)
Ca
08/03/22
S&P
CC
17/03/22
Following sanctions on professional services introduced in April the main ratings have all suspending their ratings for Russia which has an NR rating from all three of the big agencies. The last ratings were issued in March shortly after the war started and put Russia on “near default” across the board.
RUSSIA Country Report September 2023 www.intellinews.com