Petropavlovsk PLC UGC Announcement (7944J)
25 Agosto 2021 - 09:51AM
UK Regulatory
TIDMPOG
RNS Number : 7944J
Petropavlovsk PLC
25 August 2021
25 August 2021
Petropavlovsk PLC
UGC Announcement
Petropavlovsk PLC (the "Company") notes the announcement made
yesterday evening by JSC Uzhuralzoloto Group of Companies ("UGC"),
the Company's major shareholder, with respect to the proposed
disposal by the Company of its 29.9% stake in IRC Limited (the "UGC
Announcement"). A copy of the UGC Announcement can be found at the
following link:
http://www.ugold.ru/en/press-center/press-releases/detail.php?ID=254
.
The Board is considering the terms of the UGC Announcement and a
further announcement will be made by the Company in due course.
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 19.50Moz Au which
include Reserves of 7.16Moz 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 shares also trade on the
Moscow Exchange and are a constituent of the RTS Index and MOEX
Index.
The Company's key operating mines (Pioneer, Malomir and Albyn)
and its Pokrovskiy Pressure Oxidation (POX) Hub, are located in the
Amur Region in the Russian Far East. Petropavlovsk has produced a
total of c.8.5Moz of gold since operations began in 1994 and has a
strong track record of mine development, expansion, and asset
optimisation.
Petropavlovsk is one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
For more information
Please visit www.petropavlovskplc.com or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
John Mann / Max Zaltsman TeamIR@petropavlovskplc.com
Hudson Sandler +44 (0) 20 7796 4133
Charlie Jack / Katerina Parker / Elfie Petropavlovsk@hudsonsandler.com
Kent
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END
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August 25, 2021 10:51 ET (14:51 GMT)
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