Inactive Instrument

Petropavlovsk

Equities

POG

GB0031544546

Petropavlovsk : IRC: Further Subscription Update

November 18, 2014 at 07:08 pm EST

17 November 2014

General Nice Further Subscription Update

Petropavlovsk PLC wishes to notify that IRC Limited ("IRC") has today announced that, following further discussions with General Nice and Mr Cai Sui Xin, the controlling shareholder and Chairman of General Nice, IRC has been informed by General Nice that it is aiming to complete the remainder of the General Nice Further Subscription of HK$296,344,400 (c.US$38.2m), on or before 18 December 2014.

Upon receiving full payment, IRC shall allot and issue to General Nice 315,260,000 Shares as General Nice Further Subscription Shares (the original subscription price of HK$0.94 is unchanged).

Further details may be found in the announcement of IRC Limited, available on its websitewww.ircgroup.com.hk

Enquiries

Petropavlovsk PLC

Alya Samokhvalova

Rachel Mills

+44 (0) 20 7201 8900

Maitland

Neil Bennett

George Trefgarne

James Isola

Seda Ambartsumian

+44 (0) 20 7379 5151

This information is provided by RNS

The company news service from the London Stock Exchange

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Latest news about Petropavlovsk

UMMC-Invest JSC acquired Right, title and interest of the Petropavlovsk PLC in Russia from Petropavlovsk PLC	22-09-11	CI
Petropavlovsk To Sell $600 Million Russian Business To UMMC	22-08-04	MT
UMMC-Invest JSC agreed to acquire Right, title and interest of the Petropavlovsk PLC in Russia from Petropavlovsk PLC for $600 million.	22-08-03	CI
Russian miner Petropavlovsk enters into administration	22-07-18	RE
UMMC, Strukov Can Buy Petropavlovsk's Assets	22-07-14	CI
Petropavlovsk in Talks with Two Potential Buyers of Assets	22-07-12	CI
FTSE 100 Closes Tuesday Up as Investors Return to Safe Havens	22-07-12	DJ
From boardroom battles to Ukraine war: Petropavlovsk scrambles to survive	22-07-12	RE
Rouble firms past 58 to dollar; Petropavlovsk shares slide	22-07-12	RE
Rouble nears 59 to dollar, euro; Petropavlovsk shares slide	22-07-12	RE
Petropavlovsk to Suspend London, Moscow Trading Amid Plan to File for Administration	22-07-12	MT
Sanctions push Russian gold miner Petropavlovsk to the brink	22-07-12	RE
Russian miner Petropavlovsk plans to file for administration	22-07-12	RE
Petropavlovsk Receives an Offer from One Party to Acquire and A Proposal from Another Party Expressing an Interest in the Acquisition of Those Subsidiaries	22-07-11	CI
Petropavlovsk PLC(MISX:POGR) dropped from RTS Index	22-06-29	CI
Petropavlovsk's Restructuring Adviser Resigns Amid New Sanctions On Services Export To Russia	22-05-23	MT
Repeat & Correct : Petropavlovsk Notifies Bondholders of Event of Default, Shares Fall	22-04-29	DJ
Petropavlovsk Sends Notice Of Default Following Gazprombank's Immediate Repayment Requirement	22-04-29	MT
Petropavlovsk Notifies Bondholders of Event of Default, Shares Fall	22-04-29	DJ
Petropavlovsk Seeks License to Export Gold Amid Sanctions Against Gazprombank; London Shares Soar 51%	22-04-22	MT
Russian miner Petropavlovsk seeks new export licence as sales struggle	22-04-22	RE
Russian miner Petropavlovsk applies for export licence amid struggle to sell gold	22-04-22	RE
Petropavlovsk Reports $201 Million Repayment Notice from Gazprombank; London Shares Slump 24%	22-04-20	MT
Russia's Petropavlovsk Reports $201 Million Repayment Notice from Gazprombank	22-04-20	MT
Sanctions-hit Gazprombank demands loan repayment from miner Petropavlovsk	22-04-20	RE

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Company Profile

Petropavlovsk PLC is a United Kingdom-based gold mining company. The Company's segments include Pioneer, Malomir and Albyn hard rock gold mines, which are engaged in gold and silver production, as well as field exploration and mines development. Its Pioneer gold mine is a bulk tonnage mine with multiple open pits and an underground mine, located approximately 40 kilometers north of Pokrovskiy. The Pioneer orebodies include both non-refractory and refractory ore. Its Malomir gold mine is located approximately 670 kilometers northeast by road of Pokrovskiy. The gold-bearing ore body in Malomir is hosted by upper Palaeozoic metasediments, mainly carbonaceous shales. Its Albyn gold mine consists of over three licenses and is located approximately 720 kilometers from Blagoveshchensk. Its pressure oxidation facility (POX Hub) facilities are allocated between Pioneer, Malomir and Albyn gold mines.

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