Petropavlovsk Share Discussion Threads

[tsmith2] 12/5/2017 12:17

Wonder if shareprophets comment, close to hambro

[togglebrush] 12/5/2017 12:12

Sothic Capital Management LLP is a privately owned hedge fund sponsor. The firm invests in the private equity and hedging markets of Europe. It mainly invests in distressed situations and restructuring opportunities. Sothic Capital Management was founded in 2008 and is based in London, United Kingdom.

[tsmith2] 12/5/2017 11:48

Maybe the tripartite can give us their reasons and suggestions to make an informed decision and know what their intentions are..

[galeforce1] 12/5/2017 11:25

M&G Debt Opps Fund is the Prudential, with 6.86%

Sothic has 11.05%

REnova has almost 25%

So, combined these investors have approx 43%.

What % do they need to get the Chairman and the NEDs out?

I don't like the idea of losing the chairman and the NEDs at all. I'm surprised that M&G are supporting REnova here. Who are Sothic. Does anyone know anything about them?

[togglebrush] 12/5/2017 11:21

From Todays RNS
'
The Company intends to make a further announcement on Monday 15th May 2017.

[tsmith2] 12/5/2017 11:06

They should offer us 20p. I'd begrudgingly take it

[galeforce1] 12/5/2017 11:01

Where are you seeing the POG AGM resolutions?

It sounds as though REnova is attempting to take control of the company without making an offer for the 75% of the shares it doesn't own.

[togglebrush] 12/5/2017 10:16

Look at the names of those being voted against ... ones you could find in a non - London telephone directory. Excepting the Company Secretary all others appear Russian. Company was listed in London under English law with London based finance.
'
It would appear that the Checks and Balance of the Non Executive directors are to be removed in what would appear to be Nationalist Russian takeover. Question is to what purpose ???
'
Unlike Hambro, who has/had Executive responsibility, Non Executives are supposedly the investors friends. Very worrying. !!!

[davidlloyd] 12/5/2017 09:46

The city doesn't know what to make of it though - stunned silence in terms of buy/sell activity....not seen that for a long while with this one.

Fun and games....

DL

[popeye888] 12/5/2017 08:57

Great news, very positive move I think, can only be good in the long term.

[tsmith2] 12/5/2017 08:50

Shenanigans

[wallywoo] 12/5/2017 08:23

Hambro has been stating for a while that he was stepping down (it was on the annual report, for example). He has also become increasingly vague, and disjointed recently and would not be surprised if he was having some age issues.

SP not really reacted either, not a big issue IMO

[midasx] 12/5/2017 07:52

Considering the 5 year share performance from £5 to 7p I am in favour of anything that gets POG moving the the right direction.

[davidlloyd] 12/5/2017 07:41

WW, neither do I
DL

[togglebrush] 12/5/2017 07:41

Officers and Directors data as of May 07 2017

Name___________________ Title Compensation Age Officer since

Peter Hambro___________ Executive Chairman of the Board 655.00kUSD -- 1994
Pavel Maslovskiy_______ Chief Executive Officer, Executive Director 655.00kUSD 59 2014
Alfiya Samokhvalova____ Deputy Chief Executive Officer - Strategic Development 128.10kUSD -- 2002
Andrey Maruta__________ Chief Financial Officer, Executive Director 397.13kUSD -- 2005
Dmitry Chekashkin______ Chief Operating Officer 100.00kUSD -- 2013
Valery Alexseev________ Group Head - Construction and Engineering -- -- --
Sergey Ermolenko_______ General Director Management Company Petropavlovsk -- -- 2011
Alexey Maslovskiy______ Business Development Manager -- -- 2011
AK Subczynska-Samberger Group Head - Legal Affairs -- -- 2005
Andrel Tarasov_________ Deputy General Director Management Company Petropavlovsk -- -- 2011
Amanda Whalley_________ Company Secretary -- -- 2012

Alexander Green________ Non-Executive Independent Director 25.87kUSD 53 2015
Robert Jenkins_________ Senior Independent Non-Executive Director 56.67kUSD 62 2015
Andrew Vickerman_______ Non-Executive Independent Director 12.50kUSD 59 2015
'
Highlights Officers and Directors who are objected to re election at AGM in recent RNS

[welshwiz] 12/5/2017 07:36

Dont like the look of that

[fozdad] 12/5/2017 07:26

Vailaski and others to vote Hambro and 3 NEDs out.

The plot thickens!

[stoopid] 04/5/2017 10:59

Maybe trying to prevent a takeover.....

[wallywoo] 04/5/2017 10:57

Your right galeforce, my mistake. I think Vailaski Holdings is the company / vehicle set up by Hambro and the CEO to hold their shares. Even more mysterious. Are they buying more, who knows

[galeforce1] 04/5/2017 10:03

Wallywoo

Does Vailaski Holdings have anything to do with Renova? I wasn't aware of that.

[wallywoo] 04/5/2017 08:11

To me I think Vailaski is trying to buy more of POG without going over the 30% stock market rules (before declaring a bid.) So they take out a call option on 9%, Asian Pacific take out a put option (so in effect they have bought them / will buy them at some point in the future for todays price). Interesting times

[popeye888] 03/5/2017 14:51

Anyone know what is going on?

4. Full name of shareholder(s) if different from 3.):iv Vailaski Holding Limited
5. Date of the transaction and date on which the threshold is crossed or reached: v
26 April 2017
6. Date on which issuer notified: 2 May 2017
7. Threshold(s) that is/are crossed or reached: vi, vii 11%
8. Notified details:
A: Voting rights attached to shares viii, ix Class/type of shares if possible using
the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights x Direct Direct xi Indirect xii
Direct Indirect GB0031544546 395,491,398 12.06% Below 3% 15,165,880 301,035,074 Below 3% 9.17%

Mr Andrey Vdovin controlled the voting rights over Petropavlovsk PLC shares and had a put and call option in relation to mentioned Petropavlovsk PLC shares through Vailaski Holding Limited. Following the disposal of shares by Vailaski Holding Limited the exposure of Mr Andrey Vdovin in relation to mentioned put and call option has fallen below 3%.