Polymetal Plc / JE00B6T5S470
Polymetal Plc’s shares with ISIN JE00B6T5S470 are no longer tradable on the London Stock Exchange as of August 2023 due to the company’s re-domiciliation from Jersey to Kazakhstan. The shares are now listed on the Astana International Exchange (AIX), the company also changed its name to Solidcore Resources plc as of June 2024.
Trading in Polymetal International plc shares on the London Stock Exchange was suspended in anticipation of the re-domiciliation, with a full delisting taking effect on August 29, 2023.
Polymetal’s ordinary shares are now only exchange traded on the AIX in Kazakhstan, under the new company name Solidcore Resources plc (ticker: CORE).
The Solidcore Resources plc mandatory offer is a two-stage process addressing “blocked” shares held via Euroclear, notably those linked with the Russian NSD. It includes a Final Exchange Offer window, followed—if shares remain unexchanged—by a compulsory buyback at a fixed price.
Final Exchange Offer: Eligible shareholders—those holding through NSD or indirectly under Euroclear/Russian chains—are invited to exchange their blocked shares for new AIX-issued shares on a one-for-one basis. This window runs until 31 October 2025.
Mandatory Buyback: Shares that remain in Euroclear after the exchange window closes will be subject to a compulsory buyback at US$2.57 per share. The buyback can be implemented after 3 November 2025, subject to Board discretion.
For holders in CREST and Euroclear that may struggle to move their shares to a Kazakhstan based custodian, Southey Capital are may wish to accept an improved off
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