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IRC: Further Subscription Update

17 Nov 2014 10:15

RNS Number : 1896X

Petropavlovsk PLC

17 November 2014

General Nice Further Subscription Update

Petropavlovsk PLC wishes to notify that IRC Limited ("IRC") has today announced that, following further discussions with General Nice and Mr Cai Sui Xin, the controlling shareholder and Chairman of General Nice, IRC has been informed by General Nice that it is aiming to complete the remainder of the General Nice Further Subscription of HK$296,344,400 (c.US$38.2m), on or before 18 December 2014.

Upon receiving full payment, IRC shall allot and issue to General Nice 315,260,000 Shares as General Nice Further Subscription Shares (the original subscription price of HK$0.94 is unchanged).

Further details may be found in the announcement of IRC Limited, available on its website www.ircgroup.com.hk

Enquiries

Petropavlovsk PLC

Alya Samokhvalova

Rachel Mills

+44 (0) 20 7201 8900

Maitland

Neil Bennett

George Trefgarne

James Isola

Seda Ambartsumian

+44 (0) 20 7379 5151

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAEFXFFDLFFF

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25th Feb 2015	9:26 am	RNS	Notification of Major Interest in Shares
24th Feb 2015	12:23 pm	RNS	Results of Bondholders Meeting
20th Feb 2015	4:29 pm	RNS	Notification of Major Interest in Shares
19th Feb 2015	7:07 am	RNS	Board Response to Further Sapinda Announcement
18th Feb 2015	9:09 am	RNS	Board Response to Sapinda Announcement
18th Feb 2015	8:20 am	RNS	Notification of Major Interest in Shares
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21st Jan 2015	9:58 am	RNS	Notice of IRC announcement
15th Jan 2015	4:40 pm	RNS	Second Price Monitoring Extn
15th Jan 2015	4:35 pm	RNS	Price Monitoring Extension
7th Jan 2015	2:44 pm	RNS	Notice of IRC announcement
5th Jan 2015	2:46 pm	RNS	Extension of Bond Maturity Date
29th Dec 2014	9:17 am	RNS	Notification of Major Interest in Shares
19th Dec 2014	9:57 am	RNS	Notice of IRC Announcement
18th Dec 2014	8:54 am	RNS	Notification of Major Interest in Shares
15th Dec 2014	5:48 pm	RNS	Notification of Major Interest in Shares
15th Dec 2014	2:01 pm	RNS	Notification of Major Interest in Shares
10th Dec 2014	4:35 pm	RNS	Price Monitoring Extension
3rd Dec 2014	10:40 am	RNS	Notice of IRC Announcements
1st Dec 2014	4:40 pm	RNS	Second Price Monitoring Extn
1st Dec 2014	4:35 pm	RNS	Price Monitoring Extension

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