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POG Petropavlovsk Plc

1.20
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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

Petropavlovsk PLC Vesting and Granting of Deferred Bonus Awards (9422X)

02/05/2019 4:21pm

UK Regulatory


Petropavlovsk (LSE:POG)
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TIDMPOG

RNS Number : 9422X

Petropavlovsk PLC

02 May 2019

2 May 2019

Petropavlovsk PLC

PDMR Shareholding and Total Voting Rights

Vesting and Granting of Deferred Bonus Awards

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

Petropavlovsk PLC Long-Term Incentive Plan - Deferred Bonus Awards

Vesting of Awards

The Remuneration Committee has confirmed that the Deferred Bonus Awards which were awarded to PDMRs of the Company on 6 April 2018 under the Company's Long-Term Incentive Place (the 'Award') vested on 1 May 2019, following the publication of the Company's 2018 Annual Report. No consideration is payable for these shares.

Full details of this Award are contained in the Directors' Remuneration Report in the Company's Report and Accounts for the years ended 31 December 2017 and 31 December 2018. The mid-market closing share price of Petropavlovsk PLC ordinary shares on 6 April 2018 was 7.15 pence. The mid-market closing share price of Petropavlovsk PLC on 30 April 2019, the date prior to the vesting of the Award was 8.42 pence per share.

Application has been made for 3,058,569 Shares to be admitted to the Official List of the UKLA and to trading on the London Stock Exchange and admission is expected on or around 8 May 2019.

Following admission, the total issued share capital of the Company will be 3,310,210,281 Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Granting of Awards

As reported on 26 April 2019 within the Company's Annual Report for the year ended 31 December 2018 (the '2018 Report') The Remuneration Committee had approved a bonus of approximately 49 per cent of salary to Dr Pavel Maslovskiy, 25 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 a Deferred Bonus Award was also awarded to Mr Sergey Ermolenko, Dr Alya Samokhvalova and Mr Alexey Dubynin PDMRS of the Company on 1 May 2019 and to certain other members of the senior executive team. The total number of shares awarded is 2,704,142.

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 of the participant during this period.

The number of shares awarded was based on the mid-market closing share price of Petropavlovsk PLC ordinary shares on 30 April 2019, being 8.42 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                              Sergey Ermolenko 
     --------------------------------  ----------------------------------------- 
 2    Reason for the notification - VESTING OF AWARD 
     --------------------------------------------------------------------------- 
 a)   Position/status                   General Director MC Petropavlovsk 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer 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 financial      Ordinary shares of 1 pence 
       instrument, type of instrument 
       Identification code               ISIN: GB0031544546 
     --------------------------------  ----------------------------------------- 
 b)   Nature of the transaction         Vesting 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 be 
                                           transferred at 
                                           nil cost           707,173 
                                                             ---------- 
     --------------------------------  ----------------------------------------- 
 d)    Aggregated information 
        Aggregated volume                 N/A 
        Price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           1 May 2019 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              Alya Samokhvalova 
     --------------------------------  ----------------------------------------- 
 2    Reason for the notification - VESTING OF AWARD 
     --------------------------------------------------------------------------- 
 a)   Position/status                   PDMR - Deputy Chief Executive Officer 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer 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 financial      Ordinary shares of 1 pence 
       instrument, type of instrument 
       Identification code               ISIN: GB0031544546 
     --------------------------------  ----------------------------------------- 
 b)   Nature of the transaction         Vesting 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 be 
                                           transferred at 
                                           nil cost             681,818 
                                                             ---------- 
     --------------------------------  ----------------------------------------- 
 d)    Aggregated information 
        Aggregated volume                 N/A 
        Price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           1 May 2019 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              Dr Pavel Maslovskiy 
     --------------------------------  -------------------------------------- 
 2    Reason for the notification - GRANT OF AWARD 
     ------------------------------------------------------------------------ 
 a)   Position/status                   PDMR - Chief Executive Officer 
     --------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer 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 financial      Ordinary shares of 1 pence 
       instrument, type of instrument 
       Identification code               ISIN: GB0031544546 
     --------------------------------  -------------------------------------- 
 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 be 
                                           transferred at 
                                           nil cost subject 
                                           to continued service 
                                           for 12 months 
                                           Award calculated 
                                           based on a share 
                                           price of 8.42 pence       963,931 
                                                                  ---------- 
     --------------------------------  -------------------------------------- 
 d)    Aggregated information 
        Aggregated volume                 N/A 
        Price 
     --------------------------------  -------------------------------------- 
 e)   Date of the transaction           1 May 2019 
     --------------------------------  -------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              Mr Sergey Ermolenko 
     --------------------------------  ----------------------------------------- 
 2    Reason for the notification - GRANT OF AWARD 
     --------------------------------------------------------------------------- 
 a)   Position/status                   PDMR - General Director MC Petropavlovsk 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer 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 financial      Ordinary shares of 1 pence 
       instrument, type of instrument 
       Identification code               ISIN: GB0031544546 
     --------------------------------  ----------------------------------------- 
 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 be 
                                           transferred at 
                                           nil cost subject 
                                           to continued service 
                                           for 12 months 
                                           Award calculated 
                                           based on a share 
                                           price of 8.42 pence       324,679 
                                                                  ---------- 
     --------------------------------  ----------------------------------------- 
 d)    Aggregated information 
        Aggregated volume                 N/A 
        Price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           1 May 2019 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              Dr Alya Samokhvalova 
     --------------------------------  -------------------------------------- 
 2    Reason for the notification - GRANT OF AWARD 
     ------------------------------------------------------------------------ 
 a)   Position/status                   PDMR - Deputy CEO 
     --------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer 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 financial      Ordinary shares of 1 pence 
       instrument, type of instrument 
       Identification code               ISIN: GB0031544546 
     --------------------------------  -------------------------------------- 
 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 be 
                                           transferred at 
                                           nil cost subject 
                                           to continued service 
                                           for 12 months 
                                           Award calculated 
                                           based on a share 
                                           price of 8.42 pence       463,182 
                                                                  ---------- 
     --------------------------------  -------------------------------------- 
 d)    Aggregated information 
        Aggregated volume                 N/A 
        Price 
     --------------------------------  -------------------------------------- 
 e)   Date of the transaction           1 May 2019 
     --------------------------------  -------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  -------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                              Mr Alexey Dubynin 
     --------------------------------  -------------------------------------- 
 2    Reason for the notification - GRANT OF AWARD 
     ------------------------------------------------------------------------ 
 a)   Position/status                   PDMR - Chief Financial Officer 
     --------------------------------  -------------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
     --------------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer 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 financial      Ordinary shares of 1 pence 
       instrument, type of instrument 
       Identification code               ISIN: GB0031544546 
     --------------------------------  -------------------------------------- 
 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 be 
                                           transferred at 
                                           nil cost subject 
                                           to continued service 
                                           for 12 months 
                                           Award calculated 
                                           based on a share 
                                           price of 8.42 pence       356,294 
                                                                  ---------- 
     --------------------------------  -------------------------------------- 
 d)    Aggregated information 
        Aggregated volume                 N/A 
        Price 
     --------------------------------  -------------------------------------- 
 e)   Date of the transaction           1 May 2019 
     --------------------------------  -------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  -------------------------------------- 
 

Enquiries

   Petropavlovsk PLC    +44 (0) 20 7201 8900 

Alya Samokhvalova - Deputy CEO

Amanda Whalley - Company Secretary

Buchanan

Bobby Morse

Ariadna Peretz

+44 (0) 207 466 5000

POG@buchanan.uk.com

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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May 02, 2019 11:21 ET (15:21 GMT)

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