Carey Olsen has advised leading precious metals mining company, Polymetal International plc, on the Jersey aspects of its listing on the main market of the London Stock Exchange (LSE). Polymetal is the largest silver and the fourth largest gold producer in Russia, as well as being one of the top five primary silver producers worldwide. Polymetal joins the London's FTSE 100.

A team of Carey Olsen lawyers, led by corporate partner Mike Jeffrey and assisted by senior associate James Willmott, advised on the Jersey aspects of the deal, which includes the introduction of a new Jersey holding company and the listing of the company’s shares. Carey Olsen assisted Freshfields Bruckhaus Deringer LLP who acted as lead legal advisers to the company.

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.

“Carey Olsen has an excellent track record in advising clients listing on the London Stock Exchange”, added Mr Jeffrey.

Examples include advising Cape plc, who 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.