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Petropavlovsk Confirms Moscow Dual Listing Under Consideration

Mon, 17th Feb 2020 13:56

(Alliance News) - Petropavlovsk PLC on Monday confirmed it is considering a secondary Moscow listing alongside its listing on the London Stock Exchange.

The company was responding to "recent press speculation" around a secondary listing after the Telegraph newspaper reported on the story earlier on Monday morning, citing "Russian sources".

Petropavlovsk, a Russian gold producer with key operating mines in the far eastern Amur region of Russia, said it "has undertaken an analysis of the potential for a secondary listing in Moscow".

At present, the firm is reviewing "the legal and regulatory framework" for a possible secondary listing, but there is "no certainty" it will take place.

"The company actively considers various strategic options to enhance its market profile and shareholder base. The company will update shareholders of any developments in line with market rules," said Petropavlovsk.

Shares in Petropavlovsk were up 2.7% at 17.25 pence in London on Monday afternoon.

By Anna Farley; annafarley@alliancenews.com

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Petropavlovsk Confirms Moscow Dual Listing Under Consideration

LONDON MARKET OPEN: European stocks drift lower in cautious start

LONDON BRIEFING: Petropavlovsk warns bank sanctions to hit gold sales

LONDON MARKET PRE-OPEN: Petropavlovsk ability to sell gold threatened

Petropavlovsk blocked from making gold sales to Gazprombank

LONDON MARKET CLOSE: Fresh virus worry in China hits stocks before Fed

SMALL-CAP WINNERS & LOSERS: Amigo scheme to progress to creditor vote

Evraz, Polymetal and Petropavlovsk to be cut from FTSE indices

FTSE 100 rises on boost from financials, Russia-Ukraine peace talks

Russian steelmaker Evraz to be deleted from FTSE indices

FTSE deletes Abramovich's Evraz from indexes amid trading crunch

Sunday newspaper round-up: Renewables, Pearson, IAG

LONDON MARKET MIDDAY: Peace hopes fade as ECB moves into focus

LONDON MARKET CLOSE: Stocks rise amid hopes to settle Ukraine conflict

LONDON MARKET MIDDAY: Stocks attempt to rally after Russia oil ban

TOP NEWS: Evraz, Petropavlovsk and Polymetal unaffected by sanctions

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