Petropavlovsk PLC - Directors DealingsRNS Number : 9215B
Petropavlovsk PLC
09 April 2013
9 April 2013
Directors Dealings
Petropavlovsk PLC (the Company) hereby announces that it has been notified today by the Chairman of the Company, Mr.
Peter Hambro, of the information set out below.
Peter Hambro Limited elects for physical settlement of financing transaction with
J.P.
Morgan Securities plc (JPM)
Peter Hambro Limited (PHL), a company associated with Mr.
Hambro, has decided to elect for physical settlement by way of off-market transactions, of its equity-secured borrowing arrangement over 2,233,800 Petropavlovsk PLC ordinary shares of £0.01 each (the Shares) with JPM, which was first announced in January 2011 and extended in April 2012.
The settlement will result in PHL transferring 2,233,800 Shares to JPM in four tranches, the last of which will be completed on 30 April 2013, with the Shares being valued for settlement purposes of each tranche by reference to relevant closing market price.
The table below shows the previous and the resultant shareholdings of Peter Hambro and associates:
|
Previous shareholding
|
Number of shares involved
|
Resultant shareholding
(as at 30 April 2013)
|
Peter Hambro and associates
|
8,672,558 (4.62%)
|
2,233,800
|
6,438,758 (3.43%)
|
This settlement discharges all PHLs liabilities under the borrowing and no further shares are on loan.
.
Enquiries
Petropavlovsk PLC
|
+44 (0) 20 7201 8900
|
Alya Samokhvalova
Rachel Tuft
|
|
College Hill
|
+44 (0) 20 7457 2020
|
David Simonson
Matthew Tyler
Anca Spiridon
|
|
This information is provided by RNS
The company news service from the London Stock Exchange
END
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