Petropavlovsk PLC Director/PDMR Shareholding (0707N)

TIDMPOG

RNS Number : 0707N

Petropavlovsk PLC

03 August 2017

3 August 2017

Petropavlovsk PLC

Director/PDMR Shareholding

Grant of Deferred Bonus Awards

Petropavlovsk PLC ('Petropavlovsk' or the 'Company') announces the following transactions in the Company's ordinary 1 pence shares undertaken by directors/persons discharging managerial responsibility ('PDMRs').

Deferred Bonus Awards - 2016 Award

As reported on 28 April 2017 within the Company's Annual Report for the year ended 31 December 2016 (the '2016 Report'), the Remuneration Committee had approved a bonus of 20 per cent of salary to its Executive Directors, 50 per cent of which would be payable in the form of a Deferred Bonus Award to be granted under the Company's Long-Term Incentive Plan.

The Remuneration Committee has confirmed that the Deferred Bonus Award were awarded to the Executive Directors and PDMRs of the Company on 1 August 2017.

The transfer of the shares subject to this award will be deferred for a period of 12 months and will be subject to the continued employment with the Company by the participant during this period. Full details of this award are contained in the Directors' Remuneration Report in the 2016 Report, a copy of which is available on the Company's website at www.petropavlovsk.net.

The number of ordinary shares awarded was based on the mid-market closing share price of Petropavlovsk PLC ordinary shares on 31 July 2017, being 7.355 pence.

The notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  -------------------------------------------------------------------- 
 a)   Name                             1.Sergey Ermolenko 
                                        2.Andrey Maruta 
                                        3. Dmitry Chekashkin 
                                        4. Alya Samokhvalova 
---  -------------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  1.PDMR - Interim Chief Executive 
                                        Officer 
                                        2.PDMR - Chief Financial 
                                        Officer 
                                        3.PDMR - Chief Operating 
                                        Officer 
                                        4.PDMR - Deputy CEO Strategic 
                                        Development 
---  -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctionner or 
       auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                             Petropavlovsk PLC 
---  -------------------------------  ----------------------------------- 
 b)   LEI                              213800ZZOU5P76L8XB92 
---  -------------------------------  ----------------------------------- 
 4    Details of the transactions(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each date' 
       and (iv) each place where transactions have 
       been conducted 
---  -------------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of 1 pence 
       financial instrument, 
       type of instrument               ISIN: GB0031544546 
       Identification code 
---  -------------------------------  ----------------------------------- 
 b)   Nature of the transaction        Grant of a Deferred Bonus 
                                        Award under the Company's 
                                        Long-Term Incentive Plan 
---  -------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)            Price(s) payable     Volume(s) 
                                          on vesting 
                                        -------------------  ------------ 
                                         Shares will          1. 441,876 
                                          be transferred 
                                          at nil cost 
                                          subject to 
                                          continued service 
                                          for 12 months 
                                          Awards calculated    2. 537,049 
                                           based on a 
                                           share price 
                                           of 7.355 pence 
                                                               3. 407,885 
                                                               4. 516,655 
                                        -------------------  ------------ 
---  -------------------------------  ----------------------------------- 
 d)    Aggregated information 
        Aggregated volume                N/A 
        Price 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          1 August 2017 
---  -------------------------------  ----------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ----------------------------------- 
 

Enquiries

   Petropavlovsk PLC   [phone] 

Alya Samokhvalova - Deputy CEO Strategic Development

Amanda Whalley - Company Secretary

   Maitland                   [phone] 

Neil Bennett

James Isola

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 03, 2017 10:21 ET (14:21 GMT)