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IN BRIEF: Petropavlovsk in administration after court order
Mon, 18th Jul 2022 19:25
Petropavlovsk PLC - Russian gold miner - Court appoints Allister Manson, Trevor Binyon and Jo Rolls of Opus Restructuring as administrators of the company, with immediate effect. Board no longer has decision-making powers, with the day-to-day running of the company now in the hands of the administrators. Also Petropavlovsk 2010 Ltd's application for cancellation of USD125 million 8.25% guranteed convertible bonds due 2024 becomes unconditional.
Current stock price: suspended
By Elizabeth Winter; elizabethwinter@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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