RNS Number : 3454E
Petropavlovsk PLC
18 December 2009
18 December 2009
Directors' Dealings
Petropavlovsk PLC (the "Company") announces that it has been notified on 17th December by Peter Hambro, Chairman, and Dr. Pavel Maslovskiy, Chief Executive, of the information set out below.
Mr. Hambro has on 17th December disposed of 4,650 ordinary shares in the Company (the "Shares") by way of gift equally to two UK registered charities.
Companies associated with Dr. Maslovskiy have on 17th December sold 2,000,000 Shares at a price of GBP11.93 per Share. The off-market sale to a non-related party at the ten day volume weighted average price is being conducted as part of a portfolio re-balancing and to provide funds for investments in non-mining related activities.
The following table shows the aggregate number of Shares sold and gifted and the resultant holdings of the two directors and their respective associates.
|
|
Pre-sale shareholding
|
Number of Shares
sold or gifted
|
Resultant shareholding
|
|
Peter Hambro
and associates
|
10,620,513 (5.83%)
|
4,650 gifted
|
10,615,863 (5.83%)
|
|
Pavel Maslovskiy
and associates
|
18,763,657 (10.31%)
|
2,000,000 sold
|
16,763,657 (9.21%)
|
Enquiries:
|
Petropavlovsk PLC
Alya Samokhvalova - Group Head of External Communications
Charles Gordon
Rachel Tuft
|
+44 (0) 20 7201 8900
|
|
Merlin
David Simonson
Tom Randell
|
+44 (0) 20 7726 8400
|
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSVDLFFKLBZFBV