Petropavlovsk PLC Shareholder Requisition of a General Meeting (6493S)
July 10 2020 - 2:00AM
UK Regulatory
TIDMPOG
RNS Number : 6493S
Petropavlovsk PLC
10 July 2020
10 July 2020
Petropavlovsk PLC ("Petropavlovsk" or the "Company")
Shareholder Requisition of a General Meeting
Shortly after the conclusion of yesterday's Court Hearing, the
Company received a requisition from Everest Alliance Limited
("Everest"), the registered holder of c.5% of Petropavlovsk PLC
ordinary shares (the "Requsition).
The Requistion requests that ordinary resolutions be proposed at
a General Meeting (the "GM") for:
-- The appointment of two new directors Mr Paul Adrian Bushell and Mr Ivan Kulakov;
-- The appointment of Mr James W. Cameron Jr, Ms Charlotte
Phillipps, Mrs Katia Ray and Mr Maxim Kharin as Directors (current
Directors of the Company) in the event that they have been removed
as Directors prior to the Date of the General Meeting;
-- The removal of Mr Peter Hambro, Dr Alya Samokhvalova, Mr
Johnny Martin Smith, Mr Martin Smith and Ms Angelica Phillips as
Directors of the Company (the 'Temporary Directors'); and
-- To remove any Director that may have been appointed since 9
July 2020 until the conclusion of the General Meeting requisitioned
by Everest.
As detailed in the Company's announcement dated 6 July 2020, the
Temporary Directors will step down from the Board at the conclusion
of the General Meeting requisitioned on behalf of Prosperity
Capital Management.
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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