Member Info for Jarv55

https://news.sky.com/story/ukraine-war-parts-of-possible-peace-deal-with-russia-close-to-being-agreed-lavrov-claims-12567460

https://news.sky.com/story/ukraine-war-parts-of-possible-peace-deal-with-russia-close-to-being-agreed-lavrov-claims-12567460

https://news.sky.com/story/ukraine-war-parts-of-possible-peace-deal-with-russia-close-to-being-agreed-lavrov-claims-12567460

https://twitter.com/jjhh1000000/status/1503657093928263681?s=20&t=bFrwQlN1SuHLGDe_w2sIMA

https://www.thisismoney.co.uk/money/markets/article-10612543/FTSE-ban-Russian-firms-Evraz-Petropavlovsk-Polymetal-Raven.html

rocko read the rns'

Given the significant impact that today’s sanctions would have on Chelsea football club and the potential knock on effects of this, the Government has this morning published a licence which authorises a number of football-related activities to continue at Chelsea. This includes permissions for the club to continue playing matches and other football related activity which will in turn protect the Premier League, the wider football pyramid, loyal fans and other clubs. This licence will only allow certain explicitly named actions to ensure the designated individual is not able to circumvent UK sanctions. The licence will be kept under constant review and we will work closely with the football authorities.

he won't be able to sell Chelsea either

they are not grabbing anything they are preventing him from selling shares

Asset freeze: an asset freeze prevents any UK citizen, or any business in the UK, from dealing with any funds or economic resources which are owned, held or controlled by the designated person and which are held in the UK. It will also prevent funds or economic resources being provided to or for the benefit of the designated person.

https://www.gov.uk/government/news/abramovich-and-deripaska-among-seven-oligarchs-targeted-in-estimated-15bn-sanction-hit

His shares are now locked in to Evr

worth a read https://www.thisismoney.co.uk/money/markets/article-10593293/Polymetal-Evraz-downplay-impact-sanctions-against-Russia.html

just posting todays rns Lawrence

Statement on the UK's Sanctions on Dealings in Transferable Securities or Money Market Instruments



Petropavlovsk PLC ("Petropavlovsk" or the "Company") is aware of the provisions of Regulation 16 of the UK's Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations") in relation to dealings with transferable securities or money market instruments ("Securities") issued by certain sanctioned entities or by certain persons connected with Russia as defined in the Regulations (each a "PCWR").

Having taken legal advice on this issue, the Company does not consider that its shares or debt instruments are Securities in which dealings are restricted under the Regulations on the grounds that:

· the Company is domiciled in the UK and is therefore excluded from the operation of Regulation (16)(4C) (by operation of Regulation (16)(4D)(a)(ii)); and

· although the Company has a number of direct and indirect shareholders who are PCWRs and who are domiciled in Russia or may be restricted under the Regulations, it is not owned by a PCWR (within the meaning of Regulations (16)(4D)(b) and (16)(7)), because - to the Company's knowledge - no such shareholder holds, directly or indirectly, more than 50% of the shares or voting rights in the Company.

The Company is cognizant that the Regulations are complex and intends therefore to seek confirmation from the Office of Financial Sanctions Implementation that its interpretation of the Regulations is correct.

Recent analysis undertaken for the Company indicates that, at 31 January 2022 (being the latest date at which such analysis was performed) 49.90% of the Company's issued share capital was beneficially owned by Russian individuals or entities.

The Company has not issued any Securities on or after 1 March 2022. Notice of conversion of US$5,400,000 of the US$125m convertible bonds guaranteed by the Company has been received and, subject to the admission of those shares to listing, is currently expected to be settled by the issue of ordinary shares in the Company by 14 March 2022. Future issuances of Securities (including in respect of the aforementioned conversion notice) will be announced in advance by the Company.

In the event that the Company's interpretation of the Regulations proves to be incorrect, or if circumstances otherwise change such that the Company becomes subject to the restrictions set out in Regulation 16 of the Regulations, any person who, directly or indirectly, deals with Securities issued by the Company after 1 March 2022 in circumstances where that person knows or has reasonable cause to suspect that he or she is dealing with Securities which are subject to the Regulations may be guilty of committing an offence.

Statement on Events in Ukraine



Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group") today reports that its mining operations, which are located in the Far East of Russia, currently continue without interruption despite the ongoing conflict in Ukraine.

No member of the Group has to date been named in the sanctions against Russia announced by the United Kingdom, United States, European Union and other nations. The Company is ensuring that appropriate systems and procedures are put in place to verify that it is not conducting restricted forms of business with any sanctioned parties. Petropavlovsk will continue to identify and analyse potential risks to its business as a result of sanctions, countermeasures adopted by the Russian Federation, and trading decisions announced by private companies.

A significant risk at present is the potential disruption to the supply chain. Company management initiated contingency planning on day one of the crisis to mitigate this risk and ensure that operations continue uninterrupted. This included assessing existing stocks of imported parts and materials, immediately procuring additional supplies where necessary, and identifying replacement suppliers.

Petropavlovsk continues to sell gold, as before, to domestic commercial banks at London fixing and is therefore not affected by export controls at this time.

The Company has sufficient funds available to service its current debt. Management continues to examine opportunities for refinancing the remaining US$306m of the Company's 8.125% guaranteed notes maturing later this year.

Petropavlovsk's Board of Directors and senior management have contacted employees throughout the Group to offer them support during this difficult time and would like to thank them for their continued hard work and dedication.

https://www.forbes.com/profile/sergei-sudarikov/?sh=66aedc9b54ee did he already hold? or has he bought more?

No they chose then to burn a few shorters lol, can't wait for Monday.

They could of put the rns out Monday but they didn't would not be surprised if they are nearly there on a JV

"I am very pleased to have executed the Settlement Agreement which allows us to move on from what has been a lengthy period of uncertainty. The settlement is in the best interests of the Company and its shareholders and allows us to focus on operations and also accelerate our discussions with interested major mining companies."