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Pin to quick picksPetropavlovsk Share News (POG)

Share Price Information for Petropavlovsk (POG)

London Stock Exchange
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Share Price: 26.00
Bid: 26.06
Ask: 26.12
Change: 0.00 (0.00%)
Spread: 0.06 (0.23%)
Open: 25.96
High: 26.40
Low: 25.86
Yest. Close: 25.84
POG Live PriceLast checked at -

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IN BRIEF: Glass Lewis Backs Petropavlovsk Board Proposed By Prosperity

Wed, 5th Aug 2020 07:00

Petropavlovsk PLC - FTSE 250-listed Russia-focused gold miner - Glass Lewis recommended shareholders vote for the board proposed by Petropavlovsk's second-largest stakeholder Prosperity Capital Management. The proxy adviser said it believes stakeholders should vote for the six directors put forward by Prosperity, vote against the election of Everest Alliance Ltd nominees, and vote against the proposal to remove any director appointed since July 9.

"Prosperity is pleased that Glass Lewis recognises the importance of reconstituting the Petropavlovsk board with a majority of independent directors as well as the risks posed to shareholders by Everest's proposed candidates," said Prosperity Capital.

This comes as the latest in a fight for control of the company after Petropavlovsk in July announced the election of a new chair, chief executive and two directors, but said it believed the voting process at its annual general meeting to appoint the new board members was skewed. The general meeting is next Monday and the voting deadline is on Friday.

Current stock price: 35.70 pence

Year-to-date change: up almost three-fold

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

Petropavlovsk revenue lifted by gold prices, write-down hurts profit

Petropavlovsk revenue lifted by gold prices, write-down hurts profit

17 May 21 08:54

Petropavlovsk swings to FY loss despite increased gold production

(Sharecast News) - Gold miner Petropavlovsk posted a full-year loss of $48.9m, despite an increase in gold production boosting both revenues and underlying earnings.

17 May 21 08:05

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

10 May 21 16:04

Petropavlovsk maintains production guidance after first-quarter plunge

Petropavlovsk maintains production guidance after first-quarter plunge

20 Apr 21 10:24

Petropavlovsk gold production falls in first quarter

(Sharecast News) - Russia-focussed precious metals miner Petropavlovsk reported total first quarter gold production of 95,600 ounces on Tuesday, making for a decrease of 49% over the same period a year earlier.

20 Apr 21 09:17

EXECUTIVE CHANGES: New Anpario board member Kate Allum to become chair

EXECUTIVE CHANGES: New Anpario board member Kate Allum to become chair

19 Apr 21 15:59

Petropavlovsk sets 2021 guidance and plans management restructure

Petropavlovsk sets 2021 guidance and plans management restructure

31 Mar 21 09:30

Petropavlovsk forecasts fall in annual production

(Sharecast News) - Russian gold miner Petropavlovsk said it expected a fall in annual production with a lower third-party contribution due to a failure to secure enough concentrate for processing.

31 Mar 21 07:04

Petropavlovsk's IRC In 2020 Output Hike And Gazprombank Repayment

Petropavlovsk's IRC In 2020 Output Hike And Gazprombank Repayment

29 Jan 21 14:31

Petropavlovsk Production Slips Below Guidance Amid Delays And Pandemic

Petropavlovsk Production Slips Below Guidance Amid Delays And Pandemic

26 Jan 21 09:17

Petropavlovsk Says Mines Operating As Normal As Former CEO Is Arrested

Petropavlovsk Says Mines Operating As Normal As Former CEO Is Arrested

20 Jan 21 10:22

UK WINNERS & LOSERS SUMMARY: Housebuilders Up, Gold Miners Lose Out

UK WINNERS & LOSERS SUMMARY: Housebuilders Up, Gold Miners Lose Out

8 Jan 21 11:03

Co-founder of gold miner Petropavlovsk charged with embezzlement -Interfax

MOSCOW, Dec 25 (Reuters) - Pavel Maslovskiy, the co-founder and former chief executive at London-listed Russian gold miner Petropavlovsk, has been charged with alleged embezzlement and detained pending trial, Interfax new agency quoted a Moscow c...

25 Dec 20 17:43

Bitcoin may pose multi-year headwind for gold, JP Morgan says

(Sharecast News) - Gold may be in for a bumpy ride over the medium to long-term if institutional investors continue to shift away from the yellow metal and towards Bitcoin, a JP Morgan strategist argued.

9 Dec 20 15:48

Petropavlovsk Appoints Former Highland Gold Head Alexandrov As CEO

Petropavlovsk Appoints Former Highland Gold Head Alexandrov As CEO

30 Nov 20 09:47

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