Kerimov's PGIL releases 16.7% of Polyus from pledge
MOSCOW. Dec 24 (Interfax) - Polyus Gold International Limited or PGIL, whose beneficiary is Said Kerimov, has partially released pledged shares in No.1 Russian gold miner PJSC Polyus .
Polyus said in a statement that this concerned 22,355,389 ordinary shares or 16.74% of issues shares securing certain obligations of PGIL. PGIL's ownership in the company remains unchanged at 78.6%.
PGIL pledged the same number of shares in June 2018. It was not reported at the time with whom the shares were pledged, nor was this information given this time.
Polyus has 133,561,119 issued shares.
Polyus said in July 2017 that PGIL had pledged 50% plus one share in Polyus. If it is assumed that the situation remains unchanged, then now, the stake in Polyus pledged by PGIL has reverted to 50%.
Information disclosed by Kerimov's Wandle Holdings in 2017 suggested that all of PGIL might have been pledged with Sberbank of Russia .