Petropavlovsk PLC Director Shareholding & Deferred Bonus Awards (3327K)

TIDMPOG

RNS Number : 3327K

Petropavlovsk PLC

09 April 2018

9 April 2018

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 - 2017 Award

As reported on 29 March 2018 within the Company's Annual Report for the year ended 31 December 2017 (the '2017 Report'), the Remuneration Committee had approved a bonus of 25 per cent of salary to Mr Sergey Ermolenko, Interim Chief Executive Officer, 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 was awarded to Mr Ermolenko, and to Dmitry Chekashkin and Alya Samokhvalova as PDMRs of the Company, on 6 April 2018.

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 2017 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 6 April 2018, being 7.15 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. Dmitry Chekashkin 
                                        3. Alya Samokhvalova 
---  -------------------------------  ----------------------------------- 
 2    Reason for the notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  1.PDMR - Interim Chief Executive 
                                        Officer 
                                        2.PDMR - Chief Operating 
                                        Officer 
                                        3.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. 707,173 
                                          be transferred 
                                          at nil cost 
                                          subject to 
                                          continued service 
                                          for 12 months 
                                          Awards calculated    2. 524,475 
                                           based on a 
                                           share price 
                                           of 7.15 pence 
                                                               3. 681,818 
                                        -------------------  ------------ 
---  -------------------------------  ----------------------------------- 
 d)    Aggregated information 
        Aggregated volume                N/A 
        Price 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          6 April 2018 
---  -------------------------------  ----------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  ----------------------------------- 
 

Enquiries

   Petropavlovsk PLC   [phone] 

Alya Samokhvalova - Deputy CEO Strategic Development

Amanda Whalley - Company Secretary

   Buchanan                    [phone] 

Bobby Morse

Anna Michniewicz

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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April 09, 2018 12:24 ET (16:24 GMT)