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Shareholders of Polyus gold producer approve split of company shares

61.99% of shareholders who took part in the shareholders' meeting voted for the split

MOSCOW, February 3. /TASS/. Shareholders of the gold mining company Polyus have approved a split of the company's shares with a ratio of 1 to 10, according to a statement on the company's information disclosure website.

It notes that 61.99% of shareholders who took part in the shareholders' meeting voted for the split.

Earlier, Polyus CEO Alexey Vostokov said that the split of shares should make them more accessible to retail investors and could contribute to the growth of their liquidity.

About company

Polyus is the fourth largest gold producer in the world in terms of production and has one of the world's largest gold reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk region, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).

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