TIDMPOG
RNS Number : 1380C
Petropavlovsk PLC
13 June 2019
13 June 2019
Petropavlovsk PLC (the "Company")
Results of Annual General Meeting
The Annual General Meeting of the Shareholders of Petropavlovsk
PLC (the "Company") was held at 11 a.m. on 13 June 2019 at 107
Cheapside, London EC2V 6DN (the "AGM").
All of the resolutions proposed by the Board were duly passed on
a poll, with the exception of Resolutions 13 and 14. The table
below shows the votes received 'For' and 'Against' the Resolutions,
together with the number of votes 'Withheld'.
The Board notes that Resolutions 9, 10, 11 and 12 were passed
with less than 80% of the votes in favour. In the coming months,
the Board will undertake consultations with certain of the
Company's shareholders to address any concerns they may have. Once
the overall picture has been assimilated the Company will report to
the market on the views received and actions undertaken.
In respect of Resolutions 12 and 13 relating to the application
of disapplication rights, the authority sought by the Company is
aligned with the Investment Association's share capital guidelines
and market practice for FTSE listed companies. However, these
Special Resolutions, which require at least 75% support from
shareholders who voted, were not approved. Accordingly, the Board
will also consult with shareholders to understand their concerns in
this respect.
A further statement detailing the outcome of the Company's
consultation with its shareholders, including any actions taken as
a result, will be published by the Company within six months of the
2018 Annual General Meeting in accordance with the revised UK
Corporate Governance Code published in July 2018.
Votes For Votes Against Vote Withheld Total Votes
Cast (Excl.
Withheld)
No of shares % of No of Shares % of Shares
Shares Voted No of Shares
Resolution Voted
-------------- -------- ------------- ------------ ----------------------------------
Adoption of
Report and
1 Accounts 2,180,908,977 99.94 1,357,261 0.06 120,286 2,182,266,238
--------------- -------------- -------- ------------- ------------ ---------------- ----------------
Approval of
Directors'
Remuneration
2 Report 2,072,264,402 96.35 78,544,342 3.65 31,577,780 2,150,808,744
--------------- -------------- -------- ------------- ------------ ---------------- ----------------
Re-appointment
3 of Auditor 2,175,799,414 99.86 2,982,912 0.14 3,604,198 2,178,782,326
--------------- -------------- -------- ------------- ------------ ---------------- ----------------
Remuneration
4 of Auditor 2,180,115,768 99.90 2,165,153 0.10 105,603 2,182,280,921
--------------- -------------- -------- ------------- ------------ ---------------- ----------------
Votes For Votes Against Vote Withheld Total Votes
Cast (Excl.
Withheld)
No of shares % of No of Shares % of Shares
Shares Voted No of Shares
Resolution Voted
-------------- -------- ------------- ------------ --------------------------------
Election of
Mr James W.
5 Cameron Jr 1,967,360,991 91.47 183,413,322 8.53 31,612,212 2,150,774,313
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Election of
Mr Damien
6 Hackett 1,967,344,470 91.47 183,429,843 8.53 31,612,212 2,150,774,313
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Election of
7 Mr Harry Kenyon-Slaney 1,967,342,082 91.47 183,432,231 8.53 31,612,212 2,150,774,313
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Election of
Mr Bektas
8 Mukazhanov 1,607,606,381 74.75 543,136,819 25.25 31,643,324 2,150,743,200
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Re-election
of Sir Roderic
9 Lyne 1,538,864,959 71.60 610,525,192 28.40 32,996,373 2,149,390,151
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Re-election
of Dr Pavel
10 Maslovskiy 1,997,547,086 91.53 184,767,834 8.47 71,604 2,182,314,920
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Re-election
of Mr Robert
11 Jenkins 1,605,293,568 74.69 544,094,923 25.31 32,998,033 2,149,388,491
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Authority
12 to allot shares 1,604,083,456 73.51 578,102,431 26.49 200,638 2,182,185,887
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Disapplication
of pre-emption
13 rights* 1,601,296,417 73.43 579,320,254 26.57 1,769,854 2,180,616,671
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Disapplication
of pre-emption
rights (additional
14 5%)* 1,600,165,093 73.38 580,451,905 26.62 1,769,526 2,180,616,998
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
General Meeting
with 14 clear
15 days' notice* 1,993,262,046 91.34 189,064,499 8.66 59,980 2,182,326,545
------------------------ -------------- -------- ------------- ------------ ---------------- --------------
Notes:
(1) Votes "For" and "Against" are expressed as a percentage of votes received
(2) A Vote "Withheld" is not a vote in law and is not counted in
the calculation of the votes "For" or "Against" a Resolution
(3) The total number of ordinary shares in issue as at 11 June
2019 was 3,310,210,281 with 3,310,210,281 voting rights. Votes were
cast in respect of 2,182,386,525 representing c.65.9% of issued
share capital
(4) Special Resolution*
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 EU Regulation 596/2014.
About Petropavlovsk PLC
Petropavlovsk is one of Russia's major gold mining companies,
both in terms of production and the size of its resources. With a
strong track record of mine development, expansion and asset
optimisation, the Company has entered a new era of growth following
the successful commissioning and start-up of the Pokrovskiy POX
Hub. The Company is a leading employer and contributor to the
development of the local economy in the Amur region, Russian Far
East, where it has operated since 1994. The Company and its
subsidiaries (together, the "Group") is vertically-integrated with
expertise and operations across the entire mining lifecycle, and
its in-house exploration team has a strong track record of
identifying new targets and adding to the Group's resource
base.
The Company is listed on the Main Market of the London Stock
Exchange (POG:LN)
Enquiries
For more information, please visit www.petropavlovsk.net and
www.ircgroup.com.hk or contact:
Petropavlovsk PLC Buchanan
Patrick Pittaway Bobby Morse
Max Zaltsman Ariadna Peretz
+44 (0) 20 7201 8900 +44 (0) 207 466 5000
TeamIR@petropavlovsk.net POG@buchanan.uk.com
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END
RAGFJMJTMBJBBRL
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