3 Aug 2017 15:21
3 August 2017
Petropavlovsk PLC
Director/PDMR Shareholding
Grant of Deferred Bonus Awards
Petropavlovsk PLC ('Petropavlovsk' or the 'Company') announces the following transactions in the Company's ordinary 1 pence shares undertaken by directors/persons discharging managerial responsibility ('PDMRs').
Deferred Bonus Awards - 2016 Award
As reported on 28 April 2017 within the Company's Annual Report for the year ended 31 December 2016 (the '2016 Report'), the Remuneration Committee had approved a bonus of 20 per cent of salary to its Executive Directors, 50 per cent of which would be payable in the form of a Deferred Bonus Award to be granted under the Company's Long-Term Incentive Plan.
The Remuneration Committee has confirmed that the Deferred Bonus Award were awarded to the Executive Directors and PDMRs of the Company on 1 August 2017.
The transfer of the shares subject to this award will be deferred for a period of 12 months and will be subject to the continued employment with the Company by the participant during this period. Full details of this award are contained in the Directors' Remuneration Report in the 2016 Report, a copy of which is available on the Company's website at www.petropavlovsk.net.
The number of ordinary shares awarded was based on the mid-market closing share price of Petropavlovsk PLC ordinary shares on 31 July 2017, being 7.355 pence.
The notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | 1.Sergey Ermolenko 2.Andrey Maruta 3. Dmitry Chekashkin 4. Alya Samokhvalova | ||||
2 | Reason for the notification | |||||
a) | Position/status | 1.PDMR - Interim Chief Executive Officer 2.PDMR - Chief Financial Officer 3.PDMR - Chief Operating Officer 4.PDMR - Deputy CEO Strategic Development | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctionner or auction monitor | |||||
a) | Name | Petropavlovsk PLC | ||||
b) | LEI | 213800ZZOU5P76L8XB92 | ||||
4 | Details of the transactions(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 | Grant of a Deferred Bonus Award under the Company's Long-Term Incentive Plan | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information Aggregated volume Price |
N/A | ||||
e) | Date of the transaction | 1 August 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
Enquiries
Petropavlovsk PLC +44 (0) 20 7201 8900
Alya Samokhvalova - Deputy CEO Strategic Development
Amanda Whalley - Company Secretary
Maitland +44 (0) 20 7379 5151
Neil Bennett
James Isola