Jersey Structure Employed In Polymetal's LSE Listing

by Jason Gorringe, Tax-News.com, London

23 December 2011

Channel Islands law firm Carey Olsen has advised Polymetal International, the largest silver and fourth-largest gold extraction company in Russia, and one of the top five primary silver extraction companies worldwide, on the Jersey aspects of its listing on the main market of the London Stock Exchange, which included the introduction of a new Jersey holding company.

Freshfields Bruckhaus Deringer LLP acted as lead legal advisers to the company on the listing of the company’s shares.

Carey Olson corporate partner, Mike Jeffrey said: “We are seeing increasing interest from international companies, particularly those based in emerging markets, who want to benefit from the advantages of listing on the London Stock Exchange. Jersey, as a leading and well regulated offshore financial centre with close ties to London, is a natural partner to assist in the listing process for international companies.

The firm has been heavily involved with a number of high profile listings, including Cape plc, which recently moved from the Alternative Investment Market to the main board of the London Stock Exchange, as well as Henderson Group plc and Wolseley plc on the creation of new Jersey incorporated group holding companies which are also listed on the main board.

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