Petropavlovsk PLC Vesting and Granting of Deferred Bonus Awards (9422X)
03 May 2019 - 1:21AM
UK Regulatory
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
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Authority to act as a Primary Information Provider in the United
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END
DSHCKBDDPBKDFPK
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