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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 : 6832V
Petropavlovsk PLC
10 August 2020
10 August 2020
Petropavlovsk PLC (the "Company")
Results of Requisitioned General Meeting
The Requisitioned General Meeting (the "RGM") of Shareholders of Petropavlovsk PLC (the "Company") was held at 11 am on 10 August 2020 at the offices of White & Case LLP, 5 Old Broad Street, London EC2N 1DW.
Resolutions proposed by Prosperity
Resolutions 1 and 3 to 6 failed. Resolution 2, to appoint Mr Michael Kavanagh as a Director of the Company was approved by Shareholders. However, Resolution 18, proposed by Everest was also approved. As stated in the Company's Circular and Notice of Requisitioned General Meeting (the "Notice"), Resolution 18 proposed that all Directors appointed since 9 July 2020 up until the conclusion of the RGM are removed as Directors. Consequently, Mr Kavanagh's appointment as a Director terminated upon the passing of Resolution 18.
Resolutions proposed by Everest
Resolutions 7 and 8 failed. Special Resolution 19 was approved. The Company is now required to arrange for an independent forensic investigation of related party transactions during the 3 years prior to the date of the RGM. Full details of the Resolution are contained in the Circular, which is available on the Company's website.
All other Resolutions proposed by Everest were approved by Shareholders.
Board
Following the RGM the Board comprises of: Mr James W. Cameron Jr, Mr Maksim Kharin, Ms Charlotte Philipps and Mrs Katia Ray.
All voting was undertaken on a poll.
The table below shows the votes received for and against each of the Resolutions.
Resolution Votes For Votes Against Votes Total Withheld Votes Cast (excl. Withheld) -------------- Shares % of Shares Shares % of Shares Shares Voted Voted -------------- ------------ -------------- ------------ ------------------------------ Re-appoint Mr Damien 1 Hackett 1,468,200,200 44.91% 1,801,252,926 55.09% 77,336,089 3,269,453,126 Appoint Mr Michael 2 Kavanagh 1,778,761,658 54.41% 1,490,633,261 45.59% 77,394,295 3,269,394,919 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Mr Harry 3 Kenyon-Slaney 1,467,964,819 44.90% 1,801,360,345 55.10% 77,464,051 3,269,325,164 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Dr Pavel 4 Maslovskiy 1,467,403,925 44.88% 1,801,891,114 55.12% 77,495,175 3,269,295,039 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Mr Timothy 5 McCutcheon 1,414,209,960 43.26% 1,855,035,583 56.74% 77,530,671 3,269,245,543 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Appoint Mr Vitaliy 6 Zarkhin 1,464,556,545 44.80% 1,804,686,948 55.20% 77,535,721 3,269,243,493 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Appoint Mr Paul 7 Bushell 704,521,031 32.07% 1,492,465,801 67.93% 1,149,808,693 2,196,986,832 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Appoint Mr Ivan 8 Kulakov 854,201,818 36.39% 1,493,313,059 63.61% 999,280,648 2,347,514,877 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Mr James 9 Cameron Jr 2,181,662,387 88.31% 288,680,643 11.69% 876,749,279 2,470,343,030 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Ms Charlotte 10 Philipps 2,181,221,789 88.30% 289,010,590 11.70% 876,519,930 2,470,232,379 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Mr Maksim 11 Kharin 2,180,649,780 88.27% 289,726,378 11.73% 876,376,151 2,470,376,158 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Re-appoint Ms Ekaterina 12 Ray 2,281,603,221 91.21% 219,851,922 8.79% 844,681,166 2,501,455,143 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Remove Mr Peter 13 Hambro 3,053,475,433 93.00% 229,789,932 7.00% 63,566,945 3,283,265,365 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Remove Dr Alya 14 Samokhvalova 3,031,611,622 92.34% 251,660,016 7.66% 63,472,380 3,283,271,638 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Remove Ms Angelica 15 Phillips 3,053,925,200 93.02% 229,043,338 6.98% 63,775,480 3,282,968,538 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Remove Mr Jonathan 16 Smith 3,054,098,101 93.03% 228,758,054 6.97% 63,887,863 3,282,856,155 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Remove Mr Martin 17 Smith 3,062,819,841 93.30% 219,965,959 6.70% 63,958,218 3,282,785,800 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- Remove any person appointed as Director since 9 July up to the end of this 18 AGM 1,525,697,758 50.58% 1,490,827,430 49.42% 330,265,735 3,016,525,188 ------------------- -------------- ------------ -------------- ------------ -------------- -------------- SPECIAL RESOLUTION Independent financial forensic 19 investigation 2,521,880,721 83.86% 485,344,313 16.14% 339,453,308 3,007,225,034
Notes:
1. A 'Vote' withheld is not a vote in law and is not counted in the calculations of the votes 'For' or 'Against' a resolution
2. The total number of shares in issue as at 6pm on 7 August 2020 was 3,899,492,481 ordinary shares with 3,899,492,481 voting rights
3. c.86% voting capital was instructed
The voting figures will be displayed shortly on the Company's website at www.petropavlovsk.net
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated Russian gold producer with JORC Resources of 21.03Moz Au which include Reserves of 8.46Moz Au. Following its IPO on the Alternative Investment Market (AIM) in 2002, Petropavlovsk was promoted to the London Stock Exchange in 2009, where today it is a Premium Listed company and a constituent of the FTSE 250, FTSE 350 and FTSE All Share indices.
The Company's key operating mines (Pioneer, Malomir and Albyn) are in the Amur Region in the Russian Far East. Petropavlovsk has produced a total of c.7.8Moz of gold since operations began in 1994 and has a strong track record of mine development, expansion and asset optimisation.
The Group recently entered a new era of growth following the successful commissioning and start-up of its flagship asset, the Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the processing of the Company's abundant refractory reserves and resources.
Petropavlovsk is one of the region's largest employers and one of the largest contributors to the sustainable development of the local economy.
Enquiries
Please visit www.petropavlovsk.net or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900 Patrick Pittaway / Max Zaltsman / Viktoriya TeamIR@petropavlovsk.net Kim Peel Hunt LLP Ross Allister / David McKeown / Alexander Allen +44 (0) 20 7418 8900 Canaccord Genuity Limited Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000 Buchanan +44 (0) 20 7466 5000 Bobby Morse / Kelsey Traynor / Ariadna POG@buchanan.uk.com Peretz
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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August 10, 2020 08:49 ET (12:49 GMT)
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