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https://www.investorschronicle.co.uk/tips-ideas/2019/06/14/petropavlovsk-investor-decries-probe/
City am no firewall https://www.cityam.com/petropavlovsk-investor-hits-out-at-takeover-panel-as-investigation-casts-shadow/
Petropavlovsk shareholder says Takeover Panel probe hitting business
CABS says investigation ‘casting an unnecessary shadow’ over company
One of the largest shareholders in gold miner Petropavlovsk said that a year-long investigation by the UK’s Takeover Panel is harming the company’s business and putting off potential investors.
CABS, an offshore investment trust linked to cryptocurrency entrepreneur Evgeny Khata, said the investigation is “casting an unnecessary shadow over the company.”
CABS and another offshore fund Slevin helped unseat the board of Petropavlovsk and bring back its co-founder Pavel Maslovskiy in May 2018. The move came just two months after CABS acquired a 4.55 per cent stake in the London-listed miner.
That prompted the Petropavlovsk board to ask the Takeover Panel to investigate whether the two shareholders were working in concert.
But Nikolay Lioustiger, an adviser to CABS, claimed the Takeover Panel had yet to find a “shred of evidence.”
“For over a year, the Takeover Panel has been investigating us but without apparently coming up with a shred of evidence that we, or any other entities, were in breach of the Takeover Code,” he said. “We have voluntarily given hours of interviews, agreed to hand over confidential documents and allowed access to personal email accounts, all to assist the Panel’s investigation.”
The investigation has hampered CABS’ business and ability to invest in other companies, Mr Lioustiger said. It’s also put off potential investors in Petropavlovsk, he said.
Petropavlovsk holds its annual general meeting in London today
Yes as Stout says both are behind a paywall
irc up 7%, almost near year high, its going fly
Soutie hi
Sorry same problem any chance of posting full write up?
Many thanks
Stout
same story , different paper https://www.ft.com/content/856ecd14-8da2-11e9-a1c1-51bf8f989972
Istabraq hi
Is it possible to post the complete article from The Telegraph?
Thanks in anticipation
Stout
Surely it won't be long now for the accelerating GP to feed into the SP? What's not to like about this company nowadays? As a non-shareholder it is starting to whet my appetite. I'm still puzzling out however who owns the $500m bonds due in a few years, how it will be paid back, and who the flock owned CABS and SLEVIN. Hence my reason for watching from the sidelines, heavily invested in other not-so-unscrupulous gold miners. Good luck all.