Clearstream unblocks Polymetal shares, clearing way for transfer to AIX

MOSCOW. Feb 12 (Interfax) - Clearstream, one of the European Union depositories in the chain of ownership of shares in Polymetal , has lifted restrictions on the gold and silver miner's shares held through Citibank Bank N.A. UK.

Now these shares can be transferred to an account on the Kazakhstan AIX Registrar or another participant of AIX Central Securities Depository, Clearstream said.

Polymetal, Russia's largest silver producer and one of the country's biggest gold miners, completed its redomiciliation from Jersey to the Astana International Financial Center in Kazakhstan last August. The company's primary listing is now on the Astana International Exchange (AIX).

Polymetal has operations in Magadan and Sverdlovsk regions, Khabarovsk Territory, Yakutia, Chukotka and Kazakhstan. The company's largest shareholder, with a stake of about 24%, is a consortium of Omani investors led by Omani government-owned fund Mercury Investments International.