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Petropavlovsk Plc (POG)

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Friday 27 May, 2011

Petropavlovsk Plc

Directors' Dealings

RNS Number : 4185H
Petropavlovsk PLC
27 May 2011
 



27 May 2011       

                                                                       

Notification of Transactions of Directors/Persons Discharging

Managerial Responsibility and Connected Persons

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

Purchase of Shares

Peter Hambro Limited a company associated with Mr. Hambro purchased Ordinary Shares of £0.01 each in the Company at a price of £7.4389 per Ordinary Share on 26 May 2011 as bare nominee for VMHY Holdings Limited ("VMHY"), a company associated with Mr. Hambro and Dr. Maslovskiy, who together hold 50% thereof.  The remaining shares in VMHY are held by their Russian business partners.

The table below shows the number of shares purchased and the resultant shareholding:

 

Pre-purchase

Shareholding

Number of Shares

Purchased at £7.4389

Resultant Shareholding

Peter Hambro

and associates

8,567,558
(4.56% of issued share capital)

 105,000

(0.05% of issued

share capital)

8,672,558

(4.61% of issued share capital)

Pavel Maslovskiy and associates

14,798,486

(7.88% of issued

share capital)

105,000

(0.05% of issued

share capital)

14,903,486

(7.93% of issued

share capital)

The notification of this transaction is to satisfy the Company's obligations under the Financial Services Authority's Disclosure and Transparency Rules 3.1.2 to 3.1.4.

 

ENQUIRIES

 

Petropavlovsk PLC

Alya Samokhvalova

Max Zaltsman

 

 

 +44 (0) 20 7201 8900 

 

Merlin

David Simonson

Fiona Crosswell

 

 

 +44 (0) 20 7726 8400 

 


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