The Moscow Exchange will resume trading in Polymetal securities from September 19

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The Moscow Exchange will resume trading in Polymetal shares tomorrow, September 19. On July 29, the platform suspended trading in the company’s securities due to its redomiciliation to Kazakhstan. The resumption of trading is announced on the exchange website.

“Polymetal International has completed redomiciliation to the Astana International Financial Center (AIFC) in Kazakhstan, while the accounting of securities of depositors in the accounts of the National Settlement Depository (NSD) in foreign accounting institutions currently remains unchanged and implies the impossibility of external transfers and receipt of payments or participation in corporate events,” the Moscow Exchange emphasized.

Since the beginning of 2023, Polymetal shares on the Moscow Exchange have increased by almost 50%. As of July 25, when it was the last day of trading in the company’s securities in the main trading mode, quotes were at ₽556.4 per share, trading data shows.

On July 10, Polymetal confirmed plans to change its registration from the Island of Jersey to the Astana International Financial Center (AIFC) in Kazakhstan. Upon completion of the redomiciliation, the main listing of Polymetal moved to the AIFC exchange – Astana International Exchange (AIX). The company will also retain its listing in Moscow, but at the same time shareholders approved delisting from the London Stock Exchange (LSE).

Previously, BCS analysts indicated that redomiciliation is a determining factor for the further dynamics of Polymetal’s quotes. They admitted that obtaining a primary listing in the AIFC and corporate reorganization could make dividends a real factor for shareholders on the Moscow Exchange from the beginning of 2024.

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The article is in Russian

Tags: Moscow Exchange resume trading Polymetal securities September

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