Petropavlovsk PLC Resignation of Non-Executive Director (1215C)
05 Febrero 2020 - 11:45AM
UK Regulatory
TIDMPOG
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
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END
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February 05, 2020 12:45 ET (17:45 GMT)
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