In accordance with the UK Corporate Governance Code, all directors are subject to annual re-election at the AGM.

The Board may appoint a person either to fill a vacancy or as an additional director; director will hold office only until the next following AGM. If not appointed, she/he will vacate the office at the conclusion of the respective AGM.

The appointment of any non-executive Director may be terminated at any time in accordance with the Articles of Association and by either party on one month’s notice. A non-executive Director is not entitled to receive any compensation on termination of her/his appointment. Each non-executive Director is subject to confidentiality restrictions without limitation in time.

The full terms and conditions of appointment of non-executive Directors are available for inspection at the Company’s offices in Jersey and Cyprus.

There are no other service agreements or material contracts, existing or proposed, between the Company and its directors. There are no arrangements, written or otherwise, between a director or executive officer and any other person pursuant to which such director or executive officer was selected to serve. There are no family relationships between directors.

Additional information on directors’ shareholding and remuneration is available in the Remuneration Report, part of the Annual Report.

Share dealing code

The Company has adopted a set of internal procedures, systems and controls to ensure that the Group complies with its obligations relating to inside information under the Market Abuse Regulation (the MAR) and the Listing Rules and the Disclosure Guidance and Transparency Rules. In addition to complying with the MAR, the Company is subject to the provisions of the Russian securities laws following admission of its securities to trading on Moscow Stock Exchange. The code of dealings applies to the Directors and other relevant employees of the Group.

Code of Conduct

The scale of operations of Polymetal Group involves a high level of responsibility to shareholders, employees, business partners and society at large. We have developed a number of fundamental business principles (Code of Conduct) in order to conduct our business activities in accordance with the highest ethical and legal standards. Ensuring fair, transparent and honest business practices is one of our core values. Polymetal has adopted a policy of zero tolerance towards bribery, fraud and corruption, as they are illegal and completely contrary to the principles to which we adhere. All employees of Polymetal should at all times operate in accordance with the Code of Conduct.

Polymetal London ltd tax strategy

Polymetal London ltd is a 100% subsidiary of Polymetal International plc and the only group company registered in the UK. The following information has been disclosed as it relates to UK taxation:

You are downloading Integrated Annual Report . Please note that some ESG data are available in Sustainability Performance Data 2021 (GRI and SASB) that outlines our key non‑financial performance information for financial year 2021. While the selected annual report is being downloaded, we want to draw your attention to the Sustainability Report. It provides detailed information on ESG indicators.

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