OREANDA-NEWS. June 07, 2013. Polymetal International plc (LSE: POLY) (together with its subsidiaries, including JSC “Polymetal” – “Polymetal”, the “Company”, or the “Group”) is pleased to announce that, further to its announcement of 18 December 2012, the Company has received the relevant regulatory approvals and has completed the acquisition of the remaining 75.01% of CJSC Nevyansk Group (“NG”) which it did not already own (the “Transaction”).

NG’s wholly-owned subsidiary holds platinum mining and exploration licences in the Svetlobor area.

Following the approval of the Transaction by the Government Commission on Monitoring of Foreign Investments, Polymetal has acquired the 75.01% stake from CJSC VTB Capital (“VTB Capital”) for USD6.9 million in cash plus interest from the date of VTB Capital’s acquisition at the rate of 7.25% p.a. equalling approximately USD 0.2 million.

Further details of the Transaction can be found in the Company’s announcement of 18 December 2012.