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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Petropavlovsk Plc | LSE:POG | London | Ordinary Share | GB0031544546 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.20 | 1.20 | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPOG
RNS Number : 3746K
Petropavlovsk PLC
06 July 2017
6 July 2017
Petropavlovsk PLC
TR 1
Petropavlovsk PLC (the "Company") announces that it has been notified yesterday by Mr. Peter Hambro, former Chairman, of the information set out in the attached TR1.
Mr. Hambro was party to a put and call option over 131,830,466 Ordinary Shares of GBP0.01 in the Company (the "Shares") and also had the ability to exercise voting rights over these Shares (the "Option"). The Option has lapsed on 30 June 2017, with neither party choosing to exercise their put and call. The voting rights that Mr. Hambro had over the Shares also lapsed on that date. Mr. Hambro wished to inform the Company that he is in discussions regarding the entry into a new option agreement consisting of a put, call and voting rights in respect of Petropavlovsk shares.
Commenting on the statement Dr. Pavel Maslovskiy, CEO, said:
"I am honoured that the co-founder of Petropavlovsk and my business partner of many years Mr. Hambro intends to maintain his investment in the Company. We are grateful for his continued support and faith in the business."
About Petropavlovsk
Petropavlovsk is one of Russia's leading gold mining companies. As at 31 December 2016, the Company had produced approximately 6.4Moz of gold.
Petropavlovsk is in the construction phase of a state of the art pressure oxidation facility to process the Company's substantial refractory resource base. The Company's combined 3,600km(2) license holding has untapped resource potential. The Company is a leading employer and contributor to the development of the local economy in the Amur region, Russian Far East, where it has operated since 1994.
Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the guarantor of the US$340 million project finance facility (US$234 million principal outstanding, as at 31 December 2016). IRC is a vertically integrated iron ore producer and developer in the Russian Far East and North Eastern China. IRC is listed on the Hong Kong Stock Exchange (Ticker: 1029.HK).
Petropavlovsk is listed on the Main Market of the London Stock Exchange (Ticker POG:LN)
Enquiries
For more information, please visit www.petropavlovsk.net and www.ircgroup.com.hk or contact
Petropavlovsk PLC
Alya Samokhvalova
Grace Hanratty
+44 (0) 20 7201 8900
TeamIR@petropavlovsk.net
Maitland
Neil Bennett
James Isola
+44 (0) 20 7379 5151
Petropavlovsk-Maitland@maitland.co.uk
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)(i) ----------------------------------------------------------------------------------------------------- 1a. Identity of the issuer Petropavlovsk PLC or the underlying issuer Company number: 4343841 of existing shares to which voting rights are attached(ii) : ------------------------------------------------- -------------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) ----------------------------------------------------------------------------------------------------- Non-UK issuer -------------------------------------------------------------------------------------- ------------- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") ----------------------------------------------------------------------------------------------------- An acquisition or disposal of voting rights -------------------------------------------------------------------------------------- ------------- An acquisition or disposal of financial instruments -------------------------------------------------------------------------------------- ------------- An event changing the breakdown of voting rights -------------------------------------------------------------------------------------- ------------- Other (please specify)(iii) : Expiry of option providing X control over voting rights -------------------------------------------------------------------------------------- ------------- 3. Details of person subject to the notification obligation(iv) Name Peter Hambro City and country of registered London, c/o Peter Hambro office (if applicable) Limited, 10-11 Grosvenor Place, SW1X 7HH 4. Full name of shareholder(s) (if different from 3.)(v) ----------------------------------------------------------------------------------------------------- Name ------------------------------------------------- -------------------------------------------------- City and country of registered office (if applicable) ------------------------------------------------- -------------------------------------------------- 5. Date on which the threshold 30 June 2017 was crossed or reached(vi) : ------------------------------------------------- -------------------------------------------------- 6. Date on which issuer notified 5 July 2017 (DD/MM/YYYY): ------------------------------------------------- -------------------------------------------------- 7. Total positions of person(s) subject to the notification obligation ----------------------------------------------------------------------------------------------------- % of voting % of voting Total of Total number rights attached rights through both in % of voting to shares financial (8.A + 8.B) rights of (total of instruments issuer(vii) 8. A) (total of 8.B 1 + 8.B 2) ---------------------- ------------------------- ---------------- ----------------- ------------- Resulting Below 3% Below 3% Below 3% Below 3% situation on the date on which threshold was crossed or reached ---------------------- ------------------------- ---------------- ----------------- ------------- Position of previous notification (if applicable) Below 3% 4.02% 4.64% ---------------------- ------------------------- ---------------- ----------------- ------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached(viii) ---------------------------------------------------------------------------------------------------------------------- A: Voting rights attached to shares ---------------------------------------------------------------------------------------------------------------------- Class/type Number of voting rights(ix) % of voting rights of shares ISIN code (if possible) ---------------------- Direct Indirect Direct Indirect (Art 9 of (Art 10 of (Art 9 of (Art 10 of Directive Directive Directive Directive 2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) -------------------- ------------------------- ------------------ ------------------------------ --------------- GB0031544546 Below 3% Nil Below 3% Nil ---------------------- ------------------------- ------------------ ------------------------------ --------------- SUBTOTAL Below 3% Below 3% 8. A ---------------------- --------------------------------------------- ----------------------------------------------- B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) ---------------------------------------------------------------------------------------------------------------------- Type of financial Expiration Exercise/ Number of voting % of voting instrument date(x) Conversion rights that rights Period(xi) may be acquired if the instrument is exercised/converted. ---------------------- ----------------------- ------------------ -------------------------------- --------------- SUBTOTAL 8. B 1 ------------------ -------------------------------- --------------- B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) ----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical Number % of voting financial date(x) Conversion or cash of voting rights instrument Period settlement(xii) rights (xi) -------------------- ------------------------- ---------------- --------------------- ----------- --------------- SUBTOTAL 8.B.2 --------------------- ----------- --------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is X not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer(xiii) Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity(xiv) (please add additional rows as necessary) ------------------------------------------------------------------- --------------------- Name(xv) % of voting % of voting Total of both rights if it rights through if it equals equals or is financial instruments or is higher higher than if it equals than the notifiable the notifiable or is higher threshold threshold than the notifiable threshold --------------- ------------------- --------------------------- ----------------------- 10. In case of proxy voting, please identify: ------------------------------------------------------------------------------------------ Name of the proxy holder ------------------------------------ ---------------------------------------------------- The number and % of voting rights held ------------------------------------ ---------------------------------------------------- The date until which the voting rights will be held ------------------------------------ ---------------------------------------------------- 11. Additional information(xvi) ------------------------------------------------------------------------------------------ Mr. Hambro, the person subject to the notification obligation, only held a notifiable obligation in view of the existence of the option over Petropavlovsk shares which has now expired and to the expiry of which this notification relates. Now that the option has expired Mr. Hambro no longer has a notification obligation. ------------------------------------------------------------------------------------------ Place of completion London -------------------- ------------ Date of completion 5 July 2017 -------------------- ------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLRFMATMBTMBRR
(END) Dow Jones Newswires
July 06, 2017 11:30 ET (15:30 GMT)
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