UK Chairman Of Polymetal Among apos;mass Exodus apos; From Russian Firms

He said affected employees will get 60 to 80 days of severance and three months of COBRA health care coverage. Ryan said in the letter that affected employees would be notified of their termination in the coming days by a member of the company's leadership team.

Garg issued an apology a few days later in the wake of mass resignations from the company's top management, including the vice president of communications, the head of public relations and the head of marketing. A little more than a month after announcing in December that he was "taking time off" from the job, he returned to his position as CEO.

"Military censorship in Russia has quickly moved into a new phase: from the threat of blocking and closing publications (almost fully implemented) it has moved to the threat of criminal prosecution of both journalists and citizens who spread information about military hostilities that is different from the press releases of the Ministry of Defense," the paper said in a message to readers.

Abramovich is braced for sanctions from the UK government in the wake of Russia's invasion of Ukraine and wants to offload the club with proceeds going to a charitable foundation for victims of the conflict.

If you have any questions relating to where and how to use hotels, you could contact us at our own page. London-listed Russian internet group VK said on Monday three of its non-executive directors - Jaco Van Der Merwe, Charles Searle and Mark Remon Sorour - as well as Chief Financial Officer Matthew Hammond had resigned.

VK Group Ltd., known until October as Mail.Ru, is one of Russia's largest internet companies, known for social networking and gaming.
It has a listing on the London Stock Exchange and is registered in Cyprus, with headquarters in Moscow.

Vishal Garg, the company's CEO and founder, faced a backlash in December after . "If you're on this call, you are part of the unlucky group that is being laid off," Garg said during the call, a recording of which circulated on TikTok and YouTube.

AMSTERDAM, March 7 (Reuters) - Prosus, the Dutch technology investor, said it was writing off its stake in Moscow-headquartered online platform VK Group, which it said was valued on Prosus's books at $700 million.

There was widespread revulsion among Chelsea fans, who protested in the streets outside Stamford Bridge, when they became one of six Premier League clubs to sign up for the proposed breakaway competition in April last year.

Barker is a former British minister from the Conservative Party and several British politicians have said he should fully cut links with EN+ and its sanctioned Russian founder Oleg Deripaska, the Sunday Times reported.

MOSCOW, March 4 (Reuters) - Russia's Novaya Gazeta newspaper, whose editor Dmitry Muratov was a co-winner of last year's Nobel Peace Prize, said on Friday it would remove material on Russia's military actions in Ukraine from its website because of censorship.

ANOTHER billionaire backs away from Chelsea: Egyptian... Chelsea in limbo: Thomas Tuchel admits he fears... No new owner of Chelsea will want to follow the Roman... Chelsea's potential Swiss billionaire buyer 'has no great...

"As soon as the (British) Institute of Directors, hardly an organisation known for its radicalism, pushed for Britons involved to take the jump this mass exodus was almost an inevitability," Mould said.

Better had received $750 million in funding from SoftBank and Aurora Acquisition the day before the December layoffs, as part of a plan to go public through a merger with a special purpose acquisition company, or SPAC.

Polymetal also said in its statement that its website may be temporarily unavailable following a recent cyber attack. (Reporting by Sachin Ravikumar in Bengaluru; Additional reporting by Helen Reid in Johannesburg; Editing by Jason Neely, Susan Fenton, Barbara Lewis and Mark Porter)



Roman Abramovich has today had at least £3.2billion of UK assets frozen, preventing him carrying out a fire sale of Chelsea FC and his London homes - but the Government still aren't able to seize anything off him, experts told MailOnline today.

March 7 (Reuters) - Board members at Russian companies, including the British chairmen of gold and silver producer Polymetal and metals and hydropower group EN+ , have quit in response to the conflict in Ukraine.

Nossal, who had been non-executive chair, is an Australian national, Morgan is British while Beamish and Munro are South African. Nordgold, a private company, had planned to list in London but postponed its IPO in June last year.

Polymetal said on Monday Chairman Ian Cockerill and five other non-executive independent directors - Ollie Oliveira, Tracey Kerr, Italia Boninelli, Victor Flores and Andrea Abt - had left the London-listed company's board.





"This was certainly not the form of notification that we intended and stemmed from an effort to ensure that impacted employees received severance payments as quickly as possible," the company said in a statement.

Better confirmed that "a small number of employees were unintentionally notified of their separation" from the company early due to payroll notices. However, some employees learned they were being laid off before being contacted by a supervisor when severance appeared in their payroll account, according to TechCrunch.