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IRC: Further Subscription Update

17 Nov 2014 10:15

RNS Number : 1896X
Petropavlovsk PLC
17 November 2014
 



 

 

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
 
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