Polymetal listing price range reportedly narrowed.

LONDON, October 28 (Itar-Tass) -- The price range of the shares of
Russian gold and silver miner Polymetal in London stock market listing has
been set at 9.10-9.20 pounds per share (14.58-14.74 USD), British media
reported on Thursday quoting a source close to the company.
Polymetal, which is seeking a place on the full London stock exchange
and entry to the FTSE 100 index, was initially reported to set the price
range at 9.10-10.35 per share and planned to raise around 500 million
pounds (over 800 million dollars).
Sources in the banking sector estimated the likely price of the
placement at 9.20 pounds per share which will give Polymetal 446.2 million
pounds (715 million dollars). Anyway the placement will make it enter the
FTSE 100 index.
The final pricing is expected to be announced on Friday.
Founded in 1998 and headquartered in St. Petersburg the Polymetal
miner is the biggest primary silver producer in Russia and the fifth in
the world and the fifth gold miner in Russia. In 2010 the company produced
close to 13.8 tons of gold and 538 tons of silver.