2 Feb 2017 13:25
02 February 2017
Petropavlovsk PLC
Director/PDMR Shareholding
Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibility
The below notification is made in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated
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a) | Name | Dmitrii Chekashkin
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2 |
Reason for the notification | |
a) | Position/status | PDMR/Chief Operating Officer |
b) | Initial notification/Amendment | Initial notification |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Petropavlovsk PLC |
b) | LEI | 213800ZZOU5P76L8XB92 |
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument, identification code | Ordinary shares of 1 pence
ISIN: GB0031544546 |
b) | Nature of the transaction | Disposal of shares to partially fund house purchase |
c) | Price and volume | Price(s) Volume(s) 6.723 pence 3,700,000
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d) | Aggregated information
- Aggregated volume - Price |
3,700,000 6.723 pence
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e) | Date of the transaction | 2017-02-01
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f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
About Petropavlovsk PLC
Petropavlovsk is one of Russia's leading gold mining companies, operating some of the largest gold mines in Russia in terms of gold production, processing capacity and resource base. As at 31 December 2016, the Company had produced approximately 6.4Moz of gold.
Petropavlovsk is in the construction phase of a state of the art pressure oxidation facility to process the Company's substantial refractory resource base. The Company's combined 3,600km2 license holding has untapped resource potential. The Company is a leading employer and contributor to the development of the local economy in the Amur region, Russian Far East, where it has operated since 1994.
Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the guarantor of the US$340m project finance facility (US$234m principal outstanding, as at 31 December 2016). IRC is a vertically integrated iron ore producer and developer in the Russian Far East and North Eastern China. IRC is listed on the Hong Kong Stock Exchange (Ticker: 1029.HK).
The Company is listed on the Main Market of the London Stock Exchange (Ticker POG:LN)
Enquiries
For more information, please visit www.petropavlovsk.net and www.ircgroup.com.hk or contact:
Petropavlovsk plc
Alexandra Carse
Grace Hanratty
+44 (0) 20 7201 8900
TeamIR@petropavlovsk.net
Maitland
Neil Bennett
James Isola
+44 (0) 20 7379 5151
Petropavlovsk-Maitland@maitland.co.uk