16 Dec 2009 15:53
16th December 2009
Reorganisation of Director's Holdings
On 16th December 2009, Petropavlovsk PLC (the "Company") was advised by Macaria Investments Limited ("Macaria"), a company associated with Pavel Maslovskiy, the Company's Chief Executive, that 3,000,000 ordinary shares in the Company were transferred from Macaria to Tucker Consulting Corp, also a company associated with Dr. Maslovskiy. Both transfers were for nil consideration, occurred on 16th December 2009 and were part of an internal reorganisation of Dr. Maslovskiy's holdings in the Company.
Macaria's direct holding in the Company's ordinary shares and total voting rights has decreased to 3,628,516 representing 1.99% of the Company's issued share capital. Overall, Pavel Maslovskiy and his associates holding remains at 18,763,657 shares, representing 10.31% of the Company's issued share capital.
Enquiries:
| Petropavlovsk PLC Alya Samokhvalova - Group Head of External Communications | +44 (0) 20 7201 8900 |
| Merlin David Simonson Tom Randell | +44 (0) 20 7653 6620 |