TIDMPOG
RNS Number : 6832V
Petropavlovsk PLC
10 August 2020
10 August 2020
Petropavlovsk PLC (the "Company")
Results of Requisitioned General Meeting
The Requisitioned General Meeting (the "RGM") of Shareholders of
Petropavlovsk PLC (the "Company") was held at 11 am on 10 August
2020 at the offices of White & Case LLP, 5 Old Broad Street,
London EC2N 1DW.
Resolutions proposed by Prosperity
Resolutions 1 and 3 to 6 failed. Resolution 2, to appoint Mr
Michael Kavanagh as a Director of the Company was approved by
Shareholders. However, Resolution 18, proposed by Everest was also
approved. As stated in the Company's Circular and Notice of
Requisitioned General Meeting (the "Notice"), Resolution 18
proposed that all Directors appointed since 9 July 2020 up until
the conclusion of the RGM are removed as Directors. Consequently,
Mr Kavanagh's appointment as a Director terminated upon the passing
of Resolution 18.
Resolutions proposed by Everest
Resolutions 7 and 8 failed. Special Resolution 19 was approved.
The Company is now required to arrange for an independent forensic
investigation of related party transactions during the 3 years
prior to the date of the RGM. Full details of the Resolution are
contained in the Circular, which is available on the Company's
website.
All other Resolutions proposed by Everest were approved by
Shareholders.
Board
Following the RGM the Board comprises of: Mr James W. Cameron
Jr, Mr Maksim Kharin, Ms Charlotte Philipps and Mrs Katia Ray.
All voting was undertaken on a poll.
The table below shows the votes received for and against each of
the Resolutions.
Resolution Votes For Votes Against Votes Total
Withheld Votes
Cast (excl.
Withheld)
--------------
Shares % of Shares Shares % of Shares Shares
Voted Voted
-------------- ------------ -------------- ------------ ------------------------------
Re-appoint Mr
Damien
1 Hackett 1,468,200,200 44.91% 1,801,252,926 55.09% 77,336,089 3,269,453,126
Appoint Mr Michael
2 Kavanagh 1,778,761,658 54.41% 1,490,633,261 45.59% 77,394,295 3,269,394,919
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Mr
Harry
3 Kenyon-Slaney 1,467,964,819 44.90% 1,801,360,345 55.10% 77,464,051 3,269,325,164
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Dr
Pavel
4 Maslovskiy 1,467,403,925 44.88% 1,801,891,114 55.12% 77,495,175 3,269,295,039
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Mr
Timothy
5 McCutcheon 1,414,209,960 43.26% 1,855,035,583 56.74% 77,530,671 3,269,245,543
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Appoint Mr Vitaliy
6 Zarkhin 1,464,556,545 44.80% 1,804,686,948 55.20% 77,535,721 3,269,243,493
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Appoint Mr Paul
7 Bushell 704,521,031 32.07% 1,492,465,801 67.93% 1,149,808,693 2,196,986,832
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Appoint Mr Ivan
8 Kulakov 854,201,818 36.39% 1,493,313,059 63.61% 999,280,648 2,347,514,877
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Mr
James
9 Cameron Jr 2,181,662,387 88.31% 288,680,643 11.69% 876,749,279 2,470,343,030
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Ms
Charlotte
10 Philipps 2,181,221,789 88.30% 289,010,590 11.70% 876,519,930 2,470,232,379
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Mr
Maksim
11 Kharin 2,180,649,780 88.27% 289,726,378 11.73% 876,376,151 2,470,376,158
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Re-appoint Ms
Ekaterina
12 Ray 2,281,603,221 91.21% 219,851,922 8.79% 844,681,166 2,501,455,143
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Remove Mr Peter
13 Hambro 3,053,475,433 93.00% 229,789,932 7.00% 63,566,945 3,283,265,365
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Remove Dr Alya
14 Samokhvalova 3,031,611,622 92.34% 251,660,016 7.66% 63,472,380 3,283,271,638
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Remove Ms Angelica
15 Phillips 3,053,925,200 93.02% 229,043,338 6.98% 63,775,480 3,282,968,538
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Remove Mr Jonathan
16 Smith 3,054,098,101 93.03% 228,758,054 6.97% 63,887,863 3,282,856,155
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Remove Mr Martin
17 Smith 3,062,819,841 93.30% 219,965,959 6.70% 63,958,218 3,282,785,800
------------------- -------------- ------------ -------------- ------------ -------------- --------------
Remove any person
appointed as
Director
since 9 July up to
the end of this
18 AGM 1,525,697,758 50.58% 1,490,827,430 49.42% 330,265,735 3,016,525,188
------------------- -------------- ------------ -------------- ------------ -------------- --------------
SPECIAL RESOLUTION
Independent
financial
forensic
19 investigation 2,521,880,721 83.86% 485,344,313 16.14% 339,453,308 3,007,225,034
Notes:
1. A 'Vote' withheld is not a vote in law and is not counted in
the calculations of the votes 'For' or 'Against' a resolution
2. The total number of shares in issue as at 6pm on 7 August
2020 was 3,899,492,481 ordinary shares with 3,899,492,481 voting
rights
3. c.86% voting capital was instructed
The voting figures will be displayed shortly on the Company's
website at www.petropavlovsk.net
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 21.03Moz Au which
include Reserves of 8.46Moz Au. Following its IPO on the
Alternative Investment Market (AIM) in 2002, Petropavlovsk was
promoted to the London Stock Exchange in 2009, where today it is a
Premium Listed company and a constituent of the FTSE 250, FTSE 350
and FTSE All Share indices.
The Company's key operating mines (Pioneer, Malomir and Albyn)
are in the Amur Region in the Russian Far East. Petropavlovsk has
produced a total of c.7.8Moz of gold since operations began in 1994
and 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 one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
Enquiries
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 / Alexander
Allen +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
ROMDZGMRZGVGGZM
(END) Dow Jones Newswires
August 10, 2020 08:49 ET (12:49 GMT)
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