OREANDA-NEWS. September 29, 2010. Russia’s largest silver producer, Polymetal, is contemplating overseas share placement alternatives. On September 29, Polymetal BoD is to touch upon an increase in the stock liquidity and the facilitation of investors’ access to company shares, with reference to a spokesperson familiar with the BoD agenda, that four basic options were being considered: an SPO in the US or Canada, a merger with a public company, a reverse takeover, and a creation of a new head company in London, on whose books Polymetal assets would be placed.

Another spokesperson said that the RTO scheme and the company’s registration in another country seemed to be the most likely alternatives. The latter option assumes that Polymetal should either create or acquire a company in the UK and place its assets on this company’s books, i.e. Polymetal existing shareholders should have a chance to swap their shares for these of the new British company.

As a result, Polymetal should be either publicly listed automatically, if it acquires a traded company, or place about 25% of shares in an IPO. If the BoD expresses interest in any of the above options, management will have to consider the option in more detail and prepare it for further inquiry.