Petropavlovsk PLC Resignation of Non-Executive Director

Fecha : 05/02/2020 @ 11:45
Fuente : UK Regulatory (RNS & others)
Emisora : Petropavlovsk Plc (POG)
Cotización : 26.05  0.6 (2.36%) @ 10:35
Petropavlovsk Cotización de acciones Gráfica

Petropavlovsk PLC Resignation of Non-Executive Director

Petropavlovsk (LSE:POG)
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RNS Number : 1215C

Petropavlovsk PLC

05 February 2020

5 February 2020

Petropavlovsk PLC

Resignation of Non-Executive Director

Petropavlovsk PLC ("Petropavlovsk" or "the Company") announces that Mr Mirzaaziz Musakhanov, Non-Executive Director, Petropavlovsk PLC, has resigned as a Non-Executive Director with immediate effect.

Mr Musakhanov was appointed as a Non-Executive Director of the Company on 14 October 2019, having been nominated by Aeon Mining Limited ("Aeon"), the Company's largest shareholder at that time. As announced earlier today, Aeon has sold its entire shareholding in Petropavlovsk, which has led to Mr Musakhanov's decision to resign.

About Petropavlovsk

With a Premium Listing on the London Stock Exchange, Petropavlovsk (LSE: POG) is a major integrated Russian gold producer with JORC Resources of 20.52Moz Au which include Reserves of 8.21Moz Au.

The Company's key operating mines (Pioneer, Malomir and Albyn) are in the Amur Region in the Russian Far East and the Company has produced a total of c.7.6Moz of gold since operations began in 1994. Petropavlovsk has a strong track record of mine development, expansion and asset optimisation.

The Group recently entered a new era of growth following the successful commissioning and start-up of its flagship asset, the Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the processing of the Company's abundant refractory reserves and resources.

Petropavlovsk is committed to implementing international best practices across all areas of sustainable development and is one of the region's largest employers and contributors to the local economy.

For more information

Please visit www.petropavlovsk.net or contact:

 
 Petropavlovsk PLC                               +44 (0) 20 7201 8900 
  Patrick Pittaway / Max Zaltsman / Viktoriya     TeamIR@petropavlovsk.net 
  Kim 
 Peel Hunt LLP 
  Ross Allister / James Bavister / David 
  McKeown                                        +44 (0) 20 7418 8900 
 Canaccord Genuity Limited 
  Henry Fitzgerald-O'Connor / James Asensio      +44 (0) 20 7523 8000 
 Buchanan                                        +44 (0) 20 7466 5000 
  Bobby Morse / Kelsey Traynor / Ariadna          POG@buchanan.uk.com 
  Peretz 
 

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.

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