MOSCOW, December 11. /TASS/. Polymetal shareholders have approved a new offer to exchange shares blocked as a result of sanctions imposed by the EU against the National Settlement Depository (NSD) for new shares issued on the AIX, the company said in a statement.

"With the resolutions passed, the exchange offer announced on 23 November 2023 is approved," the statement reads.

The offer is only extended to eligible shareholders defined as shareholders who are not associated with an unfriendly jurisdiction as may be defined under the laws of Russia, and not subject to sanctions as confirmed by the results of the sanctions clearance.

Similar to the previous exchange offer, Polymetal plans to cancel shares that will be exchanged upon the relaxation of restrictions on NSD. Until that these shares will be held in treasury by the company and will not be available for re-issue.