RNS Number : 0037T
21 September 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, RUSSIA OR JAPAN
This announcement does not constitute or form part of any offer or invitation for the sale or purchase of any shares or other securities in, or any underlying assets of, IRC Limited or any of its subsidiaries in the United States, United Kingdom, Hong Kong, Russia or in any other jurisdiction whatsoever.
21 September 2010
Information relating to proposed listing of Non-Precious Metals Division in Hong Kong
London, 21 September 2010 - The Board of Petropavlovsk PLC ("Petropavlovsk", or the "Company" or, together with its subsidiaries, the "Group") refers to its announcement on 10 September 2010 setting out details of the progress of the proposed listing on The Stock Exchange of Hong Kong Limited ("HKEx") of the Group's subsidiary IRC Limited ("IRC"), the holding company of the Group's Non-Precious Metals Division.
The Company announces that, in connection with IRC's listing application, IRC has on 20 September 2010 submitted a Web Proof Information Pack ("WPIP") to the HKEx for publication on the HKEx's website. The WPIP is required to be published by the HKEx and the Hong Kong Securities and Futures Commission in connection with IRC's listing application, for the purpose of providing information to the public in Hong Kong and is now available to Hong Kong residents on the HKEx's website. The WPIP contains, amongst other information, certain business and financial information relating to IRC. The WPIP is not an offering document. The information contained in it is in draft form, incomplete and is subject to changes which may be material. The Group bears no obligation or liability whatsoever in relation to the WPIP.
The listing of IRC remains subject to, among other things, the final approval from the Listing Committee of HKEx and the final decisions of the boards of Directors of the Company and IRC. There is no assurance that the listing will proceed or as to when it will take place. No investment decision should be based on the information in the WPIP, and any decision to apply for shares in IRC should be made solely on the basis of IRC's prospectus when released. Further updates will be provided as appropriate.
+44 (0) 20 7201 8900
+44 (0) 20 7726 8400
Kreab Gavin Anderson, Hong Kong
+852 2523 7189
Richard Barton (+852 9308 1056)
Joshua Goldman-Brown (+852 9687 9197)
Grace Zhang (+852 6746 8971)
The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States. Some statements contained in this release or referred to in it are, or may be, forward-looking statements. Actual results may differ from those expressed in such statements, depending on a variety of factors.
The material set forth herein is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any securities in Russia or to or for the benefit of any Russian person, and does not constitute an advertisement or offering of the securities in Russia within the meaning of Russian securities laws and must not be passed on to third parties or otherwise be made publicly available in Russia. The securities to which this material relates have not been and will not be registered in Russia or admitted to public placement and/or public circulation in Russia and are not intended for "offering", "placement" or "public circulation" in Russia (each as defined in Russian securities laws).
In connection with the listing, the price of IRC shares may be stabilised in accordance with the Securities and Futures (Price Stabilizing) Rules (Cap. 571W of the Laws of Hong Kong). Details of any intended stabilisation and how it will be regulated under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) will be contained in the prospectus to be published by IRC.
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