Petropavlovsk Plc

Result of AGM

RNS Number : 1389T
Petropavlovsk PLC
29 June 2018
 

29 June 2018

 

Petropavlovsk PLC (the "Company")

 

Results of Annual General Meeting

 

The Annual General Meeting of the Shareholders of Petropavlovsk PLC (the Company) was held on 29 June 2018 at 11am at 107 Cheapside, EC2V 6DN, London.

 

None of the resolutions proposed by the Board were duly passed on a poll, with the exception of Resolutions 1,3,4,5,11 and 12.

 

All of the Resolutions proposed by the Requisition Shareholders were passed, with the exception of Resolutions 19.

 

Accordingly, Messrs Ian Ashby, Bruce M. Buck, Adrian Coates, Roman Deniskin and Garrett Soden were not re-elected as Directors and therefore retired from the Board on 29 June 2018.

 

Dr Pavel Maslovskiy, Sir Roderic Lyne and Mr Robert Jenkins were appointed as Directors of the Company on 29 June 2018.  A further announcement will be made by the Company in relation to these appointments.

 

The table below shows the votes received for and against the Resolutions.

 

Resolution

Votes For

Votes Against

Vote
Withheld

Total Votes Cast (Excl. Withheld)

 

No of Shares

% of Shares Voted

No of Shares

% of Shares Voted

No of Shares









 

1

Adoption of Report and Accounts

2,022,844,477

85.92%

331,416,039

14.08%

200,174,568

2,354,260,516

 

2

Approval of Directors' Remuneration Report

599,100,824

28.46%

1,505,765,831

71.54%

449,568,431

2,104,866,655

 

3

Approval of Directors' Remuneration Policy

1,996,614,738

84.57%

364,296,668

15.43%

193,523,679

2,360,911,406

 

4

Re-appointment of Auditor

2,343,658,173

99.36%

15,037,285

0.64%

195,739,626

2,358,695,458

 

5

Remuneration of Auditor

2,347,220,085

99.31%

16,356,812

0.69%

190,858,189

2,363,576,897

 

6

Re-election of Mr Adrian Coates

1,084,322,276

42.70%

1,454,962,398

57.30%

15,150,412

2,539,284,674

 

7

Re-election of Mr Roman Deniskin

1,081,871,883

42.60%

1,457,669,361

57.40%

14,892,842

2,539,541,244

 

8

Re-election of Mr Bruce M. Buck

1,043,627,350

41.72%

1,457,853,443

58.28%

52,954,292

2,501,480,793

 

9

Re-election of Mr Garrett Soden

1,189,867,443

47.57%

1,311,613,350

52.43%

52,954,292

2,501,480,793

 

10

Re-election of Mr Ian Ashby

1,194,713,820

47.76%

1,306,620,915

52.24%

53,100,350

2,501,334,735

 

11

Authority to allot shares

1,851,849,914

82.36%

396,740,858

17.64%

305,844,314

2,248,590,772

 

SPECIAL RESOLUTION







 

12

Disapplication of statutory pre-emption rights

1,850,454,556

82.43%

394,560,644

17.57%

308,549,886

2,245,015,200

 

SHAREHOLDERS' PROPOSALS

 

13

Appointment of Dr Pavel Masvlovskiy

1,329,515,682

52.07%

1,223,881,971

47.93%

1,037,433

2,553,397,653

 

14

Appointment of Sir Roderic Lyne

1,327,989,260

52.00%

1,225,921,494

48.00%

524,332

2,553,910,754

 

15

Appointment of Mr Robert Jenkins

1,338,491,414

52.41%

1,215,276,305

47.59%

667,367

2,553,767,719

 

16

Removal of Mr Ian Ashby

1,327,113,112

51.96%

1,226,787,690

48.04%

534,284

2,553,900,802

 

17

Removal of Mr Bruce M. Buck

1,479,319,425

57.93%

1,074,369,037

42.07%

746,624

2,553,688,462

 

18

Removal of Mr Garrett Soden

1,328,385,384

52.02%

1,225,303,078

47.98%

746,624

2,553,688,462

 

19

Removal of Mr Bektas Mukazhanov

630,798,505

34.10%

1,219,054,913

65.90%

554,064,131

1,849,853,418

 

20

Removal of Mr Adrian Coates

1,475,764,431

57.82%

1,076,453,754

42.18%

2,216,901

2,552,218,185

 

21

Removal of Mr Roman Deniskin

1,477,516,251

57.90%

1,074,128,828

42.10%

2,790,007

2,551,645,079

 

22

Removal any other Directors appointed since 16 May 2018

1,324,340,128

51.91%

1,227,098,187

48.09%

2,996,771

2,551,438,315

 

23

That the vacancy created by the retirement of each director at this AGM is not filled

1,474,216,485

57.80%

1,076,307,711

42.20%

3,910,790

2,550,524,196

 

 

Notes:

1.   Resolutions 2, 6, 7, 8, 9, 10, and 19 were not approved by Shareholders. All other resolutions were passed

2.   Votes 'For' and 'Against' are expressed as a percentage of votes received

3.   A 'Vote' withheld is not a vote in law and is not counted in the calculations of the votes 'For' or 'Against' a resolution

4.   The total number of shares in issue as at 6pm on 29 June 2018 was 3,303,768,532 ordinary shares with 3,303,768,532 voting rights

5.   77.3% voting capital was instructed

 

The voting figures will be displayed shortly on the Company's website at www.petropavlovsk.net

 

About Petropavlovsk

Petropavlovsk is one of Russia's leading gold mining companies. As at 31 March 2018, the Company had

produced approximately 6.9Moz of gold.

 

At this time, Petropavlovsk is in the construction phase of a state of the art pressure oxidation facility to process the Company's substantial refractory resource base. The Company's combined 3,430km2 license holding has untapped resource potential. The Company is a leading employer and contributor to the development of the local economy in the Amur region, Russian Far East, where it has operated since 1994.

 

Petropavlovsk is a shareholder (31.1%) of IRC Limited and is the guarantor of IRC's US$340 million project finance facility. IRC is a vertically integrated iron ore producer and developer in the Russian Far East and North-eastern China. IRC is listed on the Hong Kong Stock Exchange (ticker: 1029.HK).

 

Petropavlovsk is listed on the Main Market of the London Stock Exchange (ticker POG:LN).

 

Enquiries

For more information, please visit www.petropavlovsk.net and www.ircgroup.com.hk or contact:

 

Petropavlovsk PLC

Buchanan

Alya Samokhvalova

Bobby Morse

Grace Hanratty

Anna Michniewicz

+44 (0) 20 7201 8900

+44 (0) 207 466 5000

[email protected]

[email protected]

 


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