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18 Dec 2009 07:00
18 December 2009
Directors' Dealings
Petropavlovsk PLC (the "Company") announces that it has been notified on 17th December by Peter Hambro, Chairman, and Dr. Pavel Maslovskiy, Chief Executive, of the information set out below.
Mr. Hambro has on 17th December disposed of 4,650 ordinary shares in the Company (the "Shares") by way of gift equally to two UK registered charities.
Companies associated with Dr. Maslovskiy have on 17th December sold 2,000,000 Shares at a price of GBP11.93 per Share. The off-market sale to a non-related party at the ten day volume weighted average price is being conducted as part of a portfolio re-balancing and to provide funds for investments in non-mining related activities.
The following table shows the aggregate number of Shares sold and gifted and the resultant holdings of the two directors and their respective associates.
|
Pre-sale shareholding |
Number of Shares sold or gifted |
Resultant shareholding |
|
|
Peter Hambro and associates |
10,620,513 (5.83%) |
4,650 gifted |
10,615,863 (5.83%) |
|
Pavel Maslovskiy and associates |
18,763,657 (10.31%) |
2,000,000 sold |
16,763,657 (9.21%) |
Enquiries:
|
Petropavlovsk PLC Alya Samokhvalova - Group Head of External Communications Charles Gordon Rachel Tuft |
+44 (0) 20 7201 8900 |
|
Merlin David Simonson Tom Randell |
+44 (0) 20 7726 8400 |
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