Petropavlovsk PLC Resignation of Non-Executive Director (9066A)
January 04 2018 - 2:00AM
UK Regulatory
TIDMPOG
RNS Number : 9066A
Petropavlovsk PLC
04 January 2018
04/01/2018
Petropavlovsk PLC
Resignation of Mr Vladislav Egorov, Non-Executive Director,
Petropavlovsk PLC
Petropavlovsk PLC ('Petropavlovsk' or 'the Company') announces
that the Board has today accepted the resignation of Mr Vladislav
Egorov, Non-Executive Director, Petropavlovsk PLC, effective from 1
January 2018.
Mr Egorov, who was appointed as a Non-Executive Director of the
Company on 22 June 2017, is a Deputy M&A and Project Director
at Renova Group, formerly the Company's major shareholder. As
announced on 27 December 2017, the Renova Group has sold its entire
shareholding in Petropavlovsk and this has led to Mr Egorov's
decision to resign.
About Petropavlovsk
Petropavlovsk is one of Russia's leading gold mining companies.
As at 30 September 2017, the Company had produced approximately
6.6Moz of gold.
At this time, 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$340 million project finance facility (US$234
million principal outstanding as at 31 December 2016). IRC is a
vertically integrated iron ore producer and developer in the
Russian Far East and Northeastern China. IRC is listed on the Hong
Kong Stock Exchange (ticker: 1029.HK).
Petropavlovsk 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 Buchanan
Alya Samokhvalova Bobby Morse
Grace Hanratty Anna Michniewicz
+44 (0) 20 7201 8900 +44 (0) 207 466 5000
TeamIR@petropavlovsk.net POG@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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