LONDON (AFX) - Polymetal, the Russian gold and silver miner, said the sharesit is listing on the London
stock market have been priced at 7.75 usd each, nearthe lower end of the 7.25-9.50 usd price range it announced last month. This will give the group a market capitalisation of around 2.44 bln usd, itsaid in a statement. The offer consisted of 38 mln existing
shares held by the company's soleshareholder, Nafta Moskva (Cyprus) Ltd, and 40 mln new shares which were sold inthe form of global depositary receipts. Each GDR is equivalent to one share. Nafta Moskva gave Deutsche Bank AG, Merrill Lynch and UBS Ltd, thebookrunners for the offer, an over-allotment option for up to 10 mln GDRs,
Polymetal said. The shares, which accounted for 24.8 pct of the group's capital, will startunconditional dealings on the London exchange on Feb 12.monicca.egoy@thomson.commbe/nes
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