Petropavlovsk Plc.

Published : October 05th, 2012

Hemscott News Alert - Petropavlovsk PLC

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RNS Number : 0756O
Petropavlovsk PLC
05 October 2012
 

???

 

 

 

 

 

 

 

 

 

 

5 October 2012

 

ADJUSTMENT TO EXCHANGE PRICE OFTHE US$380,000,000 4.00 PER CENT GUARANTEED CONVERTIBLE BONDS DUE 2015 (ISIN: XS0482875811)

 

Unless otherwise defined, capitalised terms used  this announcement shall havthe sammeaning as
defined in the terms and conditions (the 'Terms and Conditions') of the US$380 million 4.00 per cent Guaranteed ConvertiblBonds (the 'Bonds') due 2015, which werissued by  Petropavlovsk PLC's subsidiary, Petropavlovsk 2010 Limited (the 'Issuer'), on 18 
February 2010.

 

 

On 23 August2012 Petropavlovsk PLC (the 'Company') announced its half-year results for the six months ended 30 June 2012 and the Board approved the payment of an interimdividend of 5 pence sterling payable to shareholders of the Company's ordinary shares of ?0.01 (the 'Ordinary Shares') on 8 November 2012..

 

The articles ofassociation of the Issuer (the 'Articles') provide for adjustments to be made to the exchange price of the Bonds (the 'Exchange Price') if a capital distribution is paid or made to holders
 of Ordinary Shares, provided that such adjustment (roundeddown if applicable) would be equal to, or more than, 1 per cent of the Exchange Price then in effect.

 

As a result of thepayment by the Company of cash dividends to shareholders, an adjustment tothe Exchange Price is required pursuant to Condition 8(b)(iii) of the Terms and Conditions and 
Article 2.4.6(b)(i)(3) of the Articles.

 

The current Exchange Price is ?12.36.

 

 

With effect from and including the first date on which the Ordinary Shares traded ex-the cash dividend on 3 October 2012, the Exchange Price is adjusted to ?12.21 (rounded down to the nearest ?0.01).  All other Articles and Terms and Conditions of the Bonds remain unchanged..

 


 Enquiries: Petropavlovsk PLC

Alya Samokhvalova                                                                                                   +44 (0) 20 7201 8900

Rachel Tuft

 

College Hill

 David Simonson                                                                                                       +44 (0) 20 7457 2020
 
Anca Spiridon


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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Petropavlovsk Plc.

PRODUCER
CODE : POG.L
ISIN : GB0031544546
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Petropavlovsk is a gold producing company based in United kingdom.

Petropavlovsk holds various exploration projects in Russia.

Its main assets in production are POKROVSKIY RUDNIK, OMCHAK JOINT VENTURE and PIONEER ( RUSSIA) in Russia and its main exploration properties are MALOMIR and TOKUR in Russia.

Petropavlovsk is listed in United Kingdom. Its market capitalisation is GBX 49.0 billions as of today (US$ 58.6 billions, € 51.3 billions).

Its stock quote reached its highest recent level on December 26, 2008 at GBX 99.98, and its lowest recent point on August 30, 2019 at GBX 10.00.

Petropavlovsk has 3 303 769 000 shares outstanding.

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