Petropavlovsk PLC Director/PDMR Shareholding (0707N)
04 August 2017 - 12:21AM
UK Regulatory
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 +44 (0) 20 7201 8900
Alya Samokhvalova - Deputy CEO Strategic Development
Amanda Whalley - Company Secretary
Maitland +44 (0) 20 7379 5151
Neil Bennett
James Isola
This information is provided by RNS
The company news service from the London Stock Exchange
END
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