RNS Number : 8733C
Petropavlovsk PLC
08 May 2012
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8 May 2012
Directors' Dealings
Petropavlovsk PLC (the "Company") hereby announces that it has been notified today by the Chairman of the Company, Peter Hambro, of the information set out below.
Option purchase from J.P. Morgan Securities Limited ("JPM")
Peter Hambro Limited ("PHL"), a company associated with Mr. Hambro, announced on 4th May 2012, that in connection with its financing collar transaction with JPM, PHL has purchased 1,000,000 call options over ordinary shares of ?0.01 in Petropavlovsk PLC (the "Shares") with a strike price of GBP 7.50. The transaction will expire in four tranches over the course of April 2013 and will be physically settled except in certain circumstances where PHL has the right to, and does, elect for cash settlement.
Commenting on the transaction, Peter Hambro said:
"In order to take advantage of the price at which Petropavlovsk shares have been trading recently, Peter Hambro Ltd has purchased 1,000,000 call options over shares in Petropavlovsk, partly to hedge PHL's potential liability arising from the call segment of its financing transaction with JPM. As announced in the Q1 2012 trading update, since the beginning of the year Petropavlovsk has performed well operationally and is confident in achieving its stated 2012 targets."
Enquiries:
Petropavlovsk PLC
Alya Samokhvalova
Rachel Tuft
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+44 (0) 20 7201 8900
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Merlin
David Simonson
Ian Middleton
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+44 (0) 20 7726 8400 |
This information is provided by RNS
The company news service from the London Stock Exchange
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Petropavlovsk Plc.
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PRODUCTEUR |
CODE : POG.L |
ISIN : GB0031544546 |
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Petropavlovsk est une société de production minière d'or basée au Royaume-Uni. Petropavlovsk détient divers projets d'exploration in Russia. Ses principaux projets en production sont POKROVSKIY RUDNIK, OMCHAK JOINT VENTURE et PIONEER ( RUSSIA) in Russia et ses principaux projets en exploration sont MALOMIR et TOKUR in Russia. Petropavlovsk est cotée au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 4,0 milliards GBX (4,7 milliards US$, 4,7 milliards €). La valeur de son action a atteint son plus haut niveau récent le 26 décembre 2008 à 99,98 GBX, et son plus bas niveau récent le 11 mars 2022 à 0,78 GBX. Petropavlovsk possède 3 303 769 000 actions en circulation. |