George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPOG.L Regulatory News (POG)

  • There is currently no data for POG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Notice of AGM & Proposed Board Change

31 May 2018 07:00

RNS Number : 7598P
Petropavlovsk PLC
31 May 2018
 

31 May 2018

 

Petropavlovsk PLC (the "Company")

Notice of Annual General Meeting and Proposed Board Change

 

Following the publication by the Company on 29 March 2018 of the Company's Annual Report and Accounts for the year ended 31 December 2017, the Company announces that on 30th May 2018 it made available to shareholders the following documents:

 

n Notice of the 2018 Annual General Meeting

n Annual General Meeting 2018 Form of Proxy

 

The Company confirms that its Annual General Meeting will be held on 29 June 2018 at the offices of Buchanan, 107 Cheapside, London EC2V 6DN.

 

In compliance with Listing Rules 9.6.1 and 9.6.3, a copy of the above documents has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/nsm.

 

The Notice of Annual General Meeting is available to view and download from the Company's website at: www.petropavlovsk.net/en/investors/circulars-and-proxy-voting/circulars-and-letters.html

 

Hard copies of the above documents were posted yesterday to those shareholders who have elected to receive copies by post. 

 

Proposed Board Change: Mr Mukazhanov

The Board wishes to advise that a resolution has not been proposed in the Notice of Annual General Meeting for the appointment of Mr Bektas Mukazhanov, Non-Independent Non-Executive Director of the Company, who was appointed as a Director on 8 February 2018.

 

Mr Mukazhanov was appointed by resolution of the Board following positive discussions with Mr Kenges Rakishev, beneficial owner of Fincraft Holdings Ltd, the Company's major shareholder, about his support for the Board and its strategy. The Company is in the process of serving notice on Mr Mukazhanov under Article 88.7 of the Company's Articles of Association to request his resignation as a Director. Upon delivery of the notice to Mr Mukazhanov, the office of his directorship will be vacated, and he will cease to be a director of the Company.

 

The Board would like to thank Mr Mukazhanov for his contribution to the Company during his period as a Director. Mr Mukazhanov has been supportive of the Board and its strategy during his tenure as a Director. However due to his position of employment with Fincraft Holdings Ltd, the Company's major shareholder, which has confirmed that it will vote in favour of the majority of the Requisitioning Shareholders resolutions, including the removal of all other Directors of the Company, the Board considers that Mr Mukazhanov is conflicted and that this is an untenable situation for both the Company and Mr Mukazhanov.

In order to comply with the requests of the Requisitioning Shareholders, the resolution to remove Mr Mukazhanov as a Director of the Company has been included in the AGM Notice.

 

 

About Petropavlovsk

Petropavlovsk is one of Russia's leading gold mining companies. As at 31 March 2018, the Company had

produced approximately 6.9Moz of gold.

 

At this time, 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 3,430km2 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$340 million project finance facility (US$234 million principal outstanding as at 31 March 2018). 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).

 

Petropavlovsk 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

Alya Samokhvalova

Grace Hanratty

+44 (0) 20 7201 8900

TeamIR@petropavlovsk.net

 

Buchanan

Bobby Morse

Anna Michniewicz

+44 (0) 207 466 5000

POG@buchanan.uk.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCLLFEAERIIVIT
Date   Source Headline
18th Jul 20224:38 pmRNSAppointment of Administrators
14th Jul 20222:53 pmRNSUpdate on Application to Appoint Administrators
12th Jul 20227:42 amRNSNotice of Application for an Administration Order
12th Jul 20227:30 amRNSSuspension - Petropavlovsk Plc
11th Jul 202210:11 amRNSUpdate on Convertible Bonds
4th Jul 202210:49 amRNSHolding(s) in Company
1st Jul 20224:09 pmRNSResignation of Auditor
27th Jun 20224:30 pmRNSMoscow Exchange Listing Level Re-classification
7th Jun 202212:34 pmRNSChange of Accounting Reference Date & Corp. Update
23rd May 20224:40 pmRNSSecond Price Monitoring Extn
23rd May 20224:35 pmRNSPrice Monitoring Extension
20th May 20224:41 pmRNSSecond Price Monitoring Extn
20th May 20224:36 pmRNSPrice Monitoring Extension
18th May 20224:41 pmRNSSecond Price Monitoring Extn
18th May 20224:36 pmRNSPrice Monitoring Extension
17th May 20224:40 pmRNSSecond Price Monitoring Extn
17th May 20224:35 pmRNSPrice Monitoring Extension
16th May 202211:47 amRNSUpdate on Gazprombank Debt
13th May 20224:40 pmRNSSecond Price Monitoring Extn
13th May 20224:35 pmRNSPrice Monitoring Extension
12th May 20228:45 amRNSUpdate on Debt and Gold Sales
29th Apr 202211:08 amRNSUpdate on Guaranteed Notes and Convertible Bonds
27th Apr 20224:41 pmRNSSecond Price Monitoring Extn
27th Apr 20224:36 pmRNSPrice Monitoring Extension
25th Apr 20224:35 pmRNSPrice Monitoring Extension
22nd Apr 20224:40 pmRNSSecond Price Monitoring Extn
22nd Apr 20224:35 pmRNSPrice Monitoring Extension
22nd Apr 20227:00 amRNSQ1 2022 Production and Sales Report
20th Apr 20224:41 pmRNSSecond Price Monitoring Extn
20th Apr 20224:35 pmRNSPrice Monitoring Extension
20th Apr 20227:00 amRNSUpdate Regarding Gazprombank
19th Apr 20224:41 pmRNSSecond Price Monitoring Extn
19th Apr 20224:36 pmRNSPrice Monitoring Extension
14th Apr 20224:41 pmRNSSecond Price Monitoring Extn
14th Apr 20224:35 pmRNSPrice Monitoring Extension
14th Apr 20227:00 amRNSUpdate Regarding Gazprombank and Corporate Options
12th Apr 20224:40 pmRNSSecond Price Monitoring Extn
12th Apr 20224:35 pmRNSPrice Monitoring Extension
11th Apr 20227:00 amRNSBoard Update
8th Apr 20224:41 pmRNSSecond Price Monitoring Extn
8th Apr 20224:36 pmRNSPrice Monitoring Extension
7th Apr 202212:44 pmRNSHolding(s) in Company
6th Apr 202210:47 amRNSHolding(s) in Company Replacement
5th Apr 20226:20 pmRNSHolding(s) in Company
4th Apr 20224:40 pmRNSSecond Price Monitoring Extn
4th Apr 20224:36 pmRNSPrice Monitoring Extension
4th Apr 20223:52 pmRNSBoard Update
1st Apr 20227:00 amRNSNotice of Change to Director Details
30th Mar 20224:40 pmRNSSecond Price Monitoring Extn
30th Mar 20224:35 pmRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.