Group IST of Alexander Nesis, through Powerboom Investments Limited, has increased its share in the gold-mining company Polymetal to 27.13% from 26.87%.
Nesis bought 1.895 million shares, or 0.26% of the stake.
As the shares are sold at around 10 GBP, the stake purchased can be estimated at 19 million GBP ($25.5 million).
Out of 116.673 million shares owned by IST, Nesis holds 1.8 million shares.
In 2016 Polymetal produced 27.7 tons of gold and 908.2 tons of silver, up by 3% and by 9% YoY respectively. (Ukrainian metal)
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