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Petropavlovsk Plc (POG)

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Friday 18 December, 2009

Petropavlovsk Plc

Directors Dealings

RNS Number : 3454E
Petropavlovsk PLC
18 December 2009
 



18 December 2009


Directors' Dealings


Petropavlovsk PLC (the "Company") announces that it has been notified on 17th December by Peter Hambro, Chairman, and Dr. Pavel Maslovskiy, Chief Executive, of the information set out below.


Mr. Hambro has on 17th December disposed of 4,650 ordinary shares in the Company (the "Shares") by way of gift equally to two UK registered charities.


Companies associated with Dr. Maslovskiy have on 17th December sold 2,000,000 Shares at a price of GBP11.93 per Share. The off-market sale to a non-related party at the ten day volume weighted average price is being conducted as part of a portfolio re-balancing and to provide funds for investments in non-mining related activities.


The following table shows the aggregate number of Shares sold and gifted and the resultant holdings of the two directors and their respective associates.



Pre-sale shareholding

Number of Shares 

sold or gifted

Resultant shareholding

Peter Hambro

and associates

10,620,513 (5.83%)


4,650 gifted


10,615,863 (5.83%)

Pavel Maslovskiy

and associates


18,763,657 (10.31%)


2,000,000 sold

16,763,657 (9.21%)


Enquiries:


Petropavlovsk PLC

Alya Samokhvalova - Group Head of External Communications

Charles Gordon

Rachel Tuft


+44 (0) 20 7201 8900


Merlin

David Simonson 

Tom Randell 

+44 (0) 20 7726 8400




This information is provided by RNS
The company news service from the London Stock Exchange
 
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