Bloomberg News

Polymetal Gains 1st Day in 3 on Move to Switch Listing to London

September 30, 2011

Sept. 30 (Bloomberg) -- OAO Polymetal gained for the first day in three after the Russian silver and gold producer announced plans to move its primary listing to London.

The shares rose as much as 3.7 percent and traded 1.1 higher at 536.4 rubles by 10:19 a.m. Moscow.

Polymetal International Plc aims to acquire 100 percent of Russian-registered OAO Polymetal as it moves its primary listing to London, the company said in a statement today.

--Editors: Alex Nicholson, James Kraus

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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