Petropavlovsk PLC Appointment of NED and Executive Director (3219K)
April 21 2020 - 2:31AM
UK Regulatory
TIDMPOG
RNS Number : 3219K
Petropavlovsk PLC
21 April 2020
21 April 2020
Petropavlovsk PLC
Appointment of Non-Executive and Executive Directors
Petropavlovsk PLC (the "Company"), is pleased to announce the
appointments of Mr Maxim Kharin as a Non-Executive Director and Mr
Danila Kotlyarov as an Executive Director with immediate
effect.
Mr Kharin currently serves as the Director for Economics and
Finance ("CFO") at Uzhuralzoloto Group of Companies ("UGC"), a role
he has held since 2012, and where he has also served as the
Chairman of its Board since 2018.
Mr Kharin was nominated as a Director by UGC, the Company's
largest shareholder. In line with the Company's governance
procedures, the appointment of Mr Kharin was reviewed by the
Nominations Committee prior to recommendation to the Board for
approval. The Company has entered into a relationship agreement
with UGC and UGC's ultimate beneficial owner, in line with best
corporate governance practice.
Mr Kharin has a degree in Computer-aided Systems of Management
from the Far Eastern State Technical University of Russia and
became a qualified accountant in 2006. Prior to joining UGC as its
CFO, Mr Kharin held several roles in the International Audit
Department at Moore Stephens where he held the title of Senior
Auditor and Director and was responsible for the independent audit
of companies across a range of sectors, including mining, with a
particular focus on the transformation of Russian Accounting
Standards to IFRS.
Mr Kotlyarov was appointed as CFO at Petropavlovsk PLC in
February 2020. Mr Kotlyarov holds a BA in Management from Moscow
State University and a MA in International Economics from the
Moscow State Institute of International Relations (MGIMO). He is a
fellow member of the Association of Chartered Certified Accountants
(ACCA), Chartered Financial Analyst (CFA), member of Hong Kong and
Russia Associations of Financial Analysts.
Mr Kotlyarov has extensive financial management work experience
in various international companies including most recently as CFO
and Executive Director to IRC Ltd. Mr Kotlyarov still continues to
serve on the Board of IRC Ltd as a Non-Executive Director.
Commenting on the appointments, Sir Roderic Lyne, Non-Executive
Chairman, said:
"I welcome Maxim Kharin of UGC and Danila Kotlyarov to the
Board.
Danila Kotlyarov brings high qualifications and previous
experience as the Finance Director of a listed company, IRC. He has
made an impressive contribution to Petropavlovsk since his
appointment as Chief Finance Officer in February and will now step
up the role of Executive Director.
Maxim Kharin has been nominated by our largest shareholder, UGC,
to represent their interests as a Non-Executive Director, in
accordance with past practice. UGC is a significant Russian gold
producer and will have its own experience and insights to offer. We
look forward to having the support of UGC as the Board develops
Petropavlovsk's strategy for growth and stakeholder value based on
our strong performance over the past 18 months in mining and
technology."
Mr Kharin commented:
"I am delighted to be joining the Board of one of Russia's
largest gold producers at this exciting time in Petropavlovsk's
history. As one of the most established miners on the London Stock
Exchange, the Company has strong foundations in terms of a
high-quality and long-life asset base in the far east of Russia
from which it can grow and consolidate its position.
Petropavlovsk's ability to process even the most complex
refractory gold ores demonstrates the unique skill set of its
engineering and scientific teams which, through pressure oxidation,
have secured the Company's future and provides exciting optionality
going forward.
I look forward to working closely with the Board and management
to unlock future value for all stakeholders and imparting the
knowledge, experience and expertise that UGC has gained in the
Russian gold mining industry".
There is no additional information to disclose in respect of
Listing Rule 9.6.13 in relation to the appointment of either Maxim
Kharin or Danila Kotlyarov.
About Petropavlovsk
With a Premium Listing on the London Stock Exchange,
Petropavlovsk (LSE: POG) is a major integrated Russian gold
producer with JORC Resources of 20.52Moz Au which include Reserves
of 8.21Moz Au.
The Company's key operating mines (Pioneer, Malomir and Albyn)
are in the Amur Region in the Russian Far East and the Company has
produced a total of c.7.6Moz of gold since operations began in
1994. Petropavlovsk has a strong track record of mine development,
expansion and asset optimisation.
The Group recently entered a new era of growth following the
successful commissioning and start-up of its flagship asset, the
Pressure Oxidation (POX) Hub at Pokrovskiy, which enables the
processing of the Company's abundant refractory reserves and
resources.
Petropavlovsk is committed to implementing international best
practices across all areas of sustainable development and is one of
the region's largest employers and contributors to the local
economy.
For More Information
Please visit www.petropavlovsk.net or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
Patrick Pittaway / Max Zaltsman / Viktoriya TeamIR@petropavlovsk.net
Kim
Peel Hunt LLP
Ross Allister / David McKeown / Alexander
Allen +44 (0) 20 7418 8900
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Buchanan +44 (0) 20 7466 5000
Bobby Morse / Kelsey Traynor / Ariadna POG@buchanan.uk.com
Peretz
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END
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