Petropavlovsk PLC Shareholder Requisition of a GM (2325S)
07 July 2020 - 4:01PM
UK Regulatory
TIDMPOG
RNS Number : 2325S
Petropavlovsk PLC
07 July 2020
7 July 2020
Petropavlovsk PLC ("Petropavlovsk" or the "Company")
Shareholder Requisition of a General Meeting
Further to the Company's announcement dated 6 July 2020, the
Company confirms that it has received a requisition from Aurora
Nominees Limited, the registered holder of 377,506,625
Petropavlovsk PLC ordinary shares, representing 11.4% of the
Company's voting rights, to convene a General Meeting of the
Company (the "Requsition).
The Requistion requests that ordinary resolutions be proposed at
the General Meeting (the "GM") for:
-- The appointment of five of the former directors of the
Company who were not re-elected at the Annual General Meeting held
on 30 June 2020, being Fiona Paulus, Pavel Maslovskiy, Harry
Kenyon-Slaney, Timothy McCutcheon and Damien Hackett; and
-- The appointment of two proposed new Independent Non-Executive
Directors, Michael Kavanagh and Vitaly Zarkhin.
The Requisition includes a statement (the "Statement") from The
Russian Prosperity Fund, The Russian Prosperity Cub Fund and The
Prosperity Quest Fund, as beneficial owners of the shares subject
to the Requisition (the "Prosperity Funds").
A full copy of the Statement will be included in the Notice of
GM.
The Company confirms that a notice convening the GM will be sent
to shareholders in due course.
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.
For more information
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
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END
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