Petropavlovsk PLC Director/PDMR Shareholding (9007V)
February 02 2017 - 8:25AM
UK Regulatory
TIDMPOG
RNS Number : 9007V
Petropavlovsk PLC
02 February 2017
02 February 2017
Petropavlovsk PLC
Director/PDMR Shareholding
Notification and Public Disclosure of Transactions by Persons
Discharging Managerial Responsibility
The below notification is made in accordance with the
requirements of the EU Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person
closely associated
-------------- ----------------------------------------------------------------------------
a) Name Dmitrii Chekashkin
-------------- ------------------------------- -------------------------------------------
2 Reason for the notification
-------------- ----------------------------------------------------------------------------
a) Position/status PDMR/Chief Operating 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 transaction(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 Disposal of shares to partially fund house
purchase
-------------- ------------------------------- -------------------------------------------
c) Price and volume Price(s) Volume(s)
6.723 pence 3,700,000
-------------- ------------------------------- -------------------------------------------
d) Aggregated information
* Aggregated volume 3,700,000
6.723 pence
* Price
-------------- ------------------------------- -------------------------------------------
e) Date of the transaction 2017-02-01
-------------- ------------------------------- -------------------------------------------
f) Place of the transaction London Stock Exchange, Main Market (XLON)
-------------- ------------------------------- -------------------------------------------
About Petropavlovsk PLC
Petropavlovsk is one of Russia's leading gold mining companies,
operating some of the largest gold mines in Russia in terms of gold
production, processing capacity and resource base. As at 31
December 2016, the Company had produced approximately 6.4Moz of
gold.
Petropavlovsk is in the construction phase of a state of the art
pressure oxidation facility to process the Company's substantial
refractory resource base. The Company's combined 3,600km(2) license
holding has untapped resource potential. 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.
Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the
guarantor of the US$340m project finance facility (US$234m
principal outstanding, as at 31 December 2016). IRC is a vertically
integrated iron ore producer and developer in the Russian Far East
and North Eastern China. IRC is listed on the Hong Kong Stock
Exchange (Ticker: 1029.HK).
The Company is listed on the Main Market of the London Stock
Exchange (Ticker POG:LN)
Enquiries
For more information, please visit www.petropavlovsk.net and
www.ircgroup.com.hk or contact:
Petropavlovsk plc
Alexandra Carse
Grace Hanratty
+44 (0) 20 7201 8900
TeamIR@petropavlovsk.net
Maitland
Neil Bennett
James Isola
+44 (0) 20 7379 5151
Petropavlovsk-Maitland@maitland.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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