POG.L Share News (POG)

IN BRIEF: Petropavlovsk falls on inability to pay USD12 million coupon

Petropavlovsk PLC - London-based gold mining company with operations in Russia - Says its revolving credit facilities have been moved to Nordic LLC from Gazprombank. Says it is unable to pay the USD12.4 million coupon due on May 14 in respect of the USD500 million 8.125% guaranteed notes issued by Petropavlovsk in 2016. Explains that this is a result of its inability to extract cash from its Russian subsidiaries in the current environment, as well as the acceleration of its USD201 million term loan. Continues to contemplate the sale of its subsidiaries to settle its debt.

SMALL-CAP WINNERS & LOSERS: Petropavlovsk gets Gazprombank waiver

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Petropavlovsk shares surge 50% as it receives waiver from Gazprombank

(Alliance News) - Petropavlovsk PLC on Thursday said it has received a waiver from Gazprombank to sell gold to third parties and has found new gold buyers.

Petropavlovsk to sell gold to third parties as Gazprombank waives rights

(Sharecast News) - Russia-focussed gold miner Petropavlovsk said on Thursday that it has been issued waivers by Gazprombank that will allow it to sell gold to third parties.

UK earnings, trading statements calendar - next 7 days

Petropavlovsk defaults on loan repayments owed to Gazprombank

(Alliance News) - Petropavlovsk PLC on Friday announced it is defaulting on loan repayments that are owed to Moscow-based Gazprombank, which is on the UK sanctions list following Russia's invasion of Ukraine.

LONDON MARKET CLOSE: US Fed's aggressive rate hike stance sinks stocks

(Alliance News) - Stocks in London ended firmly in the red on Friday after the head of the US Federal Reserve all but confirmed an aggressive interest rate hike path, amid concerns the central bank is "behind the curve".

LONDON MARKET MIDDAY: Retail stocks struggle as UK sales slump

(Alliance News) - Blue-chip indices in Europe were in the red around midday on Friday, with further losses seen in New York, as America's central bank gave its biggest hint yet that big interest rate hikes are in the near future.

Petropavlovsk sees gold production increase despite Ukraine conflict

(Alliance News) - Petropavlovsk PLC on Friday said its first-quarter production has increased, despite the fallout from the war in Ukraine, but noted that it has seen sales fall as it searches for new buyers.

LONDON MARKET OPEN: Powell scares investors as he eyes chunky hikes

(Alliance News) - Wall Street's late rout on Thursday, leading to a rough session in Asia, spilled over to Europe on Friday morning, with a negative start to trading as the US Federal Reserve doubles down on surging inflation.

LONDON MARKET PRE-OPEN: UK retail sales slump; Ferrexpo revenue up

(Alliance News) - Stocks in London look set to end the shortened trading week on the back foot, after the US Federal Reserve gave its clearest indication yet that it will move aggressively to combat rampant inflation.

IN BRIEF: Russian bank wants USD288 million back from Petropavlovsk

Petropavlovsk PLC - London-based gold miner in Russia - Says Moscow-based Gazprombank, which is on the UK sanctions list, has sent a notice demanding the repayment of loans. Gazprombank wants immediate repayment of USD201.0 million due under Petropavlovsk's committed term facility agreement with the bank and repayment by Tuesday next week of UD87.1 million due under the company's Russian subsidiaries' revolving credit facilities.

SMALL-CAP WINNERS & LOSERS: Russia-exposed firms struggle

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Sanctions-hit Gazprombank demands loan repayment from miner Petropavlovsk

April 20 (Reuters) - Sanctions-hit Russian lender Gazprombank has called on Petropavlovsk to immediately repay a term loan worth $201 million, the gold miner said on Wednesday, highlighting the difficulties caused by Western restrictions on Russian firms.

Sanction-hit Gazprombank demands $300m loan repayment from Petropavlovsk

(Sharecast News) - Russian gold miner Petropavlovsk said on Wednesday that it has received notices from Gazprombank demanding immediate repayment of approximately $201.0m due under its committed term facility agreement.