4 Mar 2010 10:10
4 March 2010
Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
Petropavlovsk PLC (the "Company") announces that it has been informed that 53,846 ordinary shares of £0.01 each in the Company have been sold by SG Hambros Trust Company (Channel Islands) Limited, as trustee of the group's Employee Benefit Trust (the "Trustee" of the "Trust"), which were held on trust subject to a sub-fund for the benefit of Brian Egan, Chief Financial Officer, and his family.
Such shares were sold at a price of £10.0158 per share pursuant to a non-binding letter of wishes that was provided by Brian Egan to the Trustee on 21 December 2009.
Following this transaction, Brian Egan will remain interested in 58,333 unvested shares, representing 0.03% of the Company's issued share capital, which are held in the Trust subject to a sub-fund for the benefit of him and his family.
This notification is made in accordance with DTR 3.1.2R, notice of the transaction having been received by the Company from Brian Egan on 3 March 2010.
Enquiries:
|
Petropavlovsk PLC Alya Samokhvalova Charles Gordon Rachel Tuft
|
+44 (0) 20 7201 8900
|
| Merlin David Simonson Tom Randell
|
+44 (0) 20 7726 8400 |