Petropavlovsk PLC Director Shareholding & Deferred Bonus Awards (3327K)
April 09 2018 - 11:24AM
UK Regulatory
TIDMPOG
RNS Number : 3327K
Petropavlovsk PLC
09 April 2018
9 April 2018
Petropavlovsk PLC
Director/PDMR Shareholding
Grant of Deferred Bonus Awards
Petropavlovsk PLC ('Petropavlovsk' or the 'Company') announces
the following transactions in the Company's ordinary 1 pence shares
undertaken by directors/persons discharging managerial
responsibility ('PDMRs').
Deferred Bonus Awards - 2017 Award
As reported on 29 March 2018 within the Company's Annual Report
for the year ended 31 December 2017 (the '2017 Report'), the
Remuneration Committee had approved a bonus of 25 per cent of
salary to Mr Sergey Ermolenko, Interim Chief Executive Officer, 50
per cent of which would be payable in the form of a Deferred Bonus
Award to be granted under the Company's Long-Term Incentive
Plan.
The Remuneration Committee has confirmed that the Deferred Bonus
Award was awarded to Mr Ermolenko, and to Dmitry Chekashkin and
Alya Samokhvalova as PDMRs of the Company, on 6 April 2018.
The transfer of the shares subject to this award will be
deferred for a period of 12 months and will be subject to the
continued employment with the Company by the participant during
this period. Full details of this award are contained in the
Directors' Remuneration Report in the 2017 Report, a copy of which
is available on the Company's website at www.petropavlovsk.net.
The number of ordinary shares awarded was based on the
mid-market closing share price of Petropavlovsk PLC ordinary shares
on 6 April 2018, being 7.15 pence.
The notifications set out below are provided in accordance with
the requirements of Article 19 of the EU Market Abuse
Regulation.
1 Details of the person discharging managerial
responsibilities/person closely associated
--- --------------------------------------------------------------------
a) Name 1. Sergey Ermolenko
2. Dmitry Chekashkin
3. Alya Samokhvalova
--- ------------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------------
a) Position/status 1.PDMR - Interim Chief Executive
Officer
2.PDMR - Chief Operating
Officer
3.PDMR - Deputy CEO Strategic
Development
--- ------------------------------- -----------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctionner or
auction monitor
--- --------------------------------------------------------------------
a) Name Petropavlovsk PLC
--- ------------------------------- -----------------------------------
b) LEI 213800ZZOU5P76L8XB92
--- ------------------------------- -----------------------------------
4 Details of the transactions(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date'
and (iv) each place where transactions have
been conducted
--- --------------------------------------------------------------------
a) Description of the Ordinary shares of 1 pence
financial instrument,
type of instrument ISIN: GB0031544546
Identification code
--- ------------------------------- -----------------------------------
b) Nature of the transaction Grant of a Deferred Bonus
Award under the Company's
Long-Term Incentive Plan
--- ------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) payable Volume(s)
on vesting
------------------- ------------
Shares will 1. 707,173
be transferred
at nil cost
subject to
continued service
for 12 months
Awards calculated 2. 524,475
based on a
share price
of 7.15 pence
3. 681,818
------------------- ------------
--- ------------------------------- -----------------------------------
d) Aggregated information
Aggregated volume N/A
Price
--- ------------------------------- -----------------------------------
e) Date of the transaction 6 April 2018
--- ------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- -----------------------------------
Enquiries
Petropavlovsk PLC +44 (0) 20 7201 8900
Alya Samokhvalova - Deputy CEO Strategic Development
Amanda Whalley - Company Secretary
Buchanan +44 (0) 207 466 5000
Bobby Morse
Anna Michniewicz
POG@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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