Petropavlovsk PLC Issue of Shares (3173X)
27 Agosto 2020 - 05:00AM
UK Regulatory
TIDMPOG
RNS Number : 3173X
Petropavlovsk PLC
27 August 2020
27 August 2020
Petropavlovsk PLC
Issue of Shares
Petropavlovsk PLC ("Petropavlovsk" or the "Company"), has
received Conversion Notices (the "Notices") from Euroclear Bank SA
/ NV on behalf of Credit Suisse Securities (USA) LLC and Credit
Suisse (Luxembourg) SA , in respect of the exercise of conversion
rights under the Group's US$125m Guaranteed Convertible Bonds, due
in 2024 (the "Bonds").
The aggregate principal amount of Bonds in respect of which
Notices have been served totals US$800,000, which, at a fixed
exchange price of US$0.135 per ordinary share, will result in the
issue and allotment of 5,925,925 new ordinary shares.
The Company has agreed to issue the new ordinary shares and an
application has been made for 5,925,925 new ordinary shares of the
Company to be admitted to the Official List and to trading on the
London Stock Exchange ("Admission"). Admission is expected to be
granted on or around 28 August 2020.
Following Admission, the total issued share capital of the
Company will increase to 3,912,825,813 ordinary shares. This figure
may be used by shareholders as the denominator for calculations by
which they will determine whether they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
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.7.9Moz 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
Citi
Tom Reid / Andrew Miller-Jones +44 (0) 20 7986 4000
UBS
David Roberts / Alistair Smith +44 (0) 20 7567 8000
Buchanan +44 (0) 20 7466 5000
Bobby Morse / Kelsey Traynor / Ariadna POG@buchanan.uk.com
Peretz
Citigroup Global Markets Limited ("Citi") is authorised by the
Prudential Regulation Authority and regulated in the UK by the
Financial Conduct Authority and the Prudential Regulation
Authority. UBS AG London Branch ("UBS") is authorised and regulated
by the Financial Market Supervisory Authority in Switzerland. It is
authorised by the Prudential Regulation Authority and subject to
regulation by the Financial Conduct Authority and limited
regulation by the Prudential Regulation Authority in the United
Kingdom. Citi and UBS are acting exclusively for Petropavlovsk PLC
("Petropavlovsk") and for no-one else in connection with the
contents of this announcement and will not be responsible to anyone
other than Petropavlovsk for providing the protections afforded to
clients of Citi or UBS for providing advice in relation to the
contents of this announcement or any matters referred to
herein.
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END
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August 27, 2020 06:00 ET (10:00 GMT)
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