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Petropavlovsk Plc (POG)

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Thursday 10 June, 2010

Petropavlovsk Plc

Exercise of Warrants and Appl

RNS Number : 4075N
Petropavlovsk PLC
10 June 2010


10 June 2010


Petropavlovsk PLC

US$101 million raised through exercise of Warrants and Application for Listing


Petropavlovsk PLC ("the Company") announces that it is to receive $101,236,184 in cash as a result of the exercise of warrants to subscribe for 5,755,326 new Ordinary Shares, at $17.59 per Ordinary Share. 


Application has been made for the admission of these 5,755,326 Ordinary Shares to listing on the Official List and to trading on the Main Market of the London Stock Exchange ("Admission").  Dealings in these Ordinary Shares are expected to commence at 8.00 a.m. on 15 June 2010. The allotment of these Ordinary Shares follows the exercise of the warrants which were admitted to trading on 22 April 2009. The remaining unexercised warrants have lapsed in accordance with their terms and conditions.


Following this issue, the total issued share capital of the Company will comprise 187,835,093 Ordinary Shares with a nominal value of £0.01 each, each Ordinary Share carrying the right to one vote. Petropavlovsk PLC does not hold any Ordinary Shares in Treasury. Therefore, after Admission the total number of voting rights in Petropavlovsk PLC will be 187,835,093.


The above figure of 187,835,093 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Petropavlovsk PLC under the Financial Service Authority's Disclosure and Transparency Rules.




Petropavlovsk PLC

Alya Samokhvalova - Group Head of External Communications

Heather Williams - Company Secretary

+44 (0) 20 7201 8900



David Simonson

Tom Randell

Fiona Crosswell

+44 (0) 20 7726 8400



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