- Polymetal shares fell 11.5 percent today after the Anglo-Russian precious metals mining company announced it was scrapping the full-year 2021 dividend due to dwindling cash flows and a lack of new sales channels.
- Polymetal has proposed an exchange offer to shareholders affected by the sanction bite on the NSD, whereby certificated shares are issued on a one-for-one basis.
- Since Russian President Vladimir Putin sent troops into Ukraine in February, Western sanctions have not directly targeted the mining company.
Precious Metal Miner Polymetal Plummets After Scrapping Dividend
