The church was built by St.Clement in 893 year on the foundation of an early Christian basilica, and dedicated to St.Panteleimon. It was here that the Ohrid Literary School, a center of Slavonic literary and cultural activity where it was educated more than 3,500 disciples.
St. Clement was buried in this monastery, in the tomb which was built by his own hands.
On Plaoshnik has been discovered the baptistery of the five aisle basilica with hooked crosses (swastikas) on the mosaic floors which date from the period between 4th and 6th century. It is assumed that this early Christian basilica at Plaoshnik upon which the Kliment’s monastery was built in the 9th century, was dedicated to St. Paul, the apostle. In Lichnid (present day Ohrid), the apostle Paul preached Christianity in the 1st century.
On 10 October 2007, a deposit of approximately 2,383 Venetian coins was discovered by archaeologists while excavating the monastery. A prominent archaeologist of the Republic of Macedonia, Pasko Kuzman, stated that the coins are of special significance because they indicate that Ohrid and Venice were commercially linked.