Director dealings: Polymetal director ups stake
Marina Grönberg, non-executive director of precious metals miner Polymetal International, picked up 16,189 ordinary shares in the firm at an average price of 642.60p each.
FTSE 250
20,508.75
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
Mining
10,633.77
15:45 15/11/24
Polymetal International
215.00p
16:35 31/07/23
Grönberg, who also serves as chief executive officer of A&NN, spent a total of £104,031 on the purchase.
Back in March, Polymetal signed a binding agreement to sell its stake in the Dolinnoye gold project in Kazakhstan to JSC AK Altynalmas.
The FTSE 250-listed firm, along with Dolfinflip, which held a 50% stake in Dolinnoye, agreed to transfer their respective 50% interests in Aktogai Mys, the licence and contract holder for Dolinnoye, to Altynalmas.
Polymetal told investors that the consideration receivable by each of the sellers would be equal to 50% of $33.5m, subject to certain working capital adjustments.
Like some of its peers, the company's shares had come under pressure recently, falling below their 200-day moving average despite gold futures on COMEX that were trading near their best level in five years.
As of 1510 BST, shares had picked up 1.14% to 640.40p.
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Value: £17,360
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