Petropavlovsk PLC Response to Press Speculation (2412D)
17 Febrero 2020 - 7:28AM
UK Regulatory
TIDMPOG
RNS Number : 2412D
Petropavlovsk PLC
17 February 2020
17 February 2020
Petropavlovsk PLC
Response to Press Speculation
Petropavlovsk PLC ("Petropavlovsk" or "the Company") notes the
recent press speculation regarding a dual-listing on the Moscow
Stock Exchange and can confirm that it has undertaken an analysis
of the potential for a secondary listing in Moscow. In this
respect, the Company is continuing to review the legal and
regulatory framework, although there can be no certainty that any
such dual-listing will proceed at this time.
The Company actively considers various strategic options to
enhance its market profile and shareholder base. The Company will
update shareholders of any developments in line with market
rules.
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 / 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.
END
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February 17, 2020 08:28 ET (13:28 GMT)
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