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Refinancing update

31 Oct 2016 16:29

RNS Number : 9071N

Petropavlovsk PLC

31 October 2016

Petropavlovsk PLC

Refinancing update

Petropavlovsk PLC ("Petropavlovsk" or the "Company" or, together with its subsidiaries, the "Group") today issues a further update on its discussions with the Group's Russian lenders.

As foreseen in our earlier announcement at 07:00 today, Petropavlovsk has pleasure in announcing that the necessary documentation with VTB has now been signed and the Conditions Precedent satisfied.

As stated this morning, the Company expects to be in a position to confirm details of the refinancing shortly.

ENQUIRIES

Petropavlovsk PLC
Alya Samokhvalova	+44 (0) 20 7201 8900
Grace Hanratty

Maitland
Neil Bennett James Isola	+44 (0) 20 7379 5151

This information is provided by RNS

The company news service from the London Stock Exchange

END

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