TIDMPOG
RNS Number : 4296V
Petropavlovsk PLC
13 December 2021
13 December 2021
Petropavlovsk PLC
Board Update
The board of directors of Petropavlovsk PLC (the " Board ") is
pleased to announce the appointment of Ms Natalia Yakovleva as
independent non-executive director with immediate effect.
Ms Yakovleva is a certified accountant and experienced auditor,
having spent 23 years at PriceWaterhouseCoopers Russia ("PWC")
including 12 years as audit partner. She currently serves as
independent non-executive director and chair of the audit and ESG
committees at Globaltruck Management JSC; as independent director
of Mediascope JSC, and as general director of City Portals Network
JSC.
Ms Yalovleva is a Russian national and a fluent English speaker.
Upon joining the Board, she will become a member of the audit
committee .
Chairman James W. Cameron Jr said:
"I am pleased to welcome Natalia to the Board of Petropavlovsk,
where her background, experience and skill set will be of vital
assistance for the deliberations of the Board and in the work of
the audit committee. Her appointment is the culmination of a
thorough search for the appropriate candidate as we fulfull our
undertaking to shareholders to recruit additional independent
directors and build on the breadth and depth of experience of the
Board."
About Natalia Yakovleva
Natalia Yakovleva joined PWC in Moscow in 1993 and during her
time with the organisation became an audit partner and served
variously as PWC Russia's leader for corporate responsibility
(ESG), regulatory contacts, and quality review. Since leaving PWC
in 2016, she has taken on roles as an independent director at media
metrics specialists Mediascope (formerly TNS Gallup) and, since
2017, at leading, publicly-listed Russian logistics company
Globaltruck Management. In August 2020, she was appointed general
director of City Portals Network, a holding company with a
portfolio of Russian regional online media, where she also serves
on the boards of several of its subsidiaries.
Ms Yakovleva graduated with honors from the Moscow Institute of
International Relations with a specialist degree in international
economics, auditing and accounting. She is an ACCA certified
accountant and Institute of Directors certified independent
director.
Ms Yakovleva has no other disclosable appointments and there is
no other information relating to her required to be disclosed
pursuant to paragraph LR 9.6.13R of the Listing Rules of the
Financial Conduct Authority.
About Petropavlovsk
Petropavlovsk PLC (LSE: POG. MOEX: POGR) is a major integrated
Russian gold producer with JORC Resources of 19.50Moz Au which
include Reserves of 7.16Moz Au. Following its IPO on the
Alternative Investment Market (AIM) in 2002, Petropavlovsk was
promoted to the London Stock Exchange in 2009, where today it is a
Premium Listed company and a constituent of the FTSE 250, FTSE 350
and FTSE All Share indices. The Company's shares also trade on the
Moscow Exchange and are a constituent of the RTS Index and MOEX
Index.
The Company's key operating mines (Pioneer, Malomir and Albyn)
and its Pokrovskiy Pressure Oxidation (POX) Hub, are located in the
Amur Region in the Russian Far East. Petropavlovsk has produced a
total of c.8.6Moz of gold since operations began in 1994 and has a
strong track record of mine development, expansion, and asset
optimisation.
Petropavlovsk is one of the region's largest employers and one
of the largest contributors to the sustainable development of the
local economy.
For more information
Please visit www.petropavlovskplc.com or contact:
Petropavlovsk PLC +44 (0) 20 7201 8900
John Mann / Max Zaltsman TeamIR@petropavlovskplc.com
Hudson Sandler +44 (0) 20 7796 4133
Charlie Jack / Elfie Kent Petropavlovsk@hudsonsandler.com
Cautionary note on forward-looking statements
This release may include statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. These forward
looking statements include all matters that are not historical
facts. They appear in a number of places throughout this release
and include, but are not limited to, statements regarding the
Group's intentions, beliefs or current expectations concerning,
among other things, the future price of gold, the Group's results
of operations, financial position, liquidity, prospects, growth,
estimation of mineral reserves and resources and strategies, and
exchange rates and the expectations of the industry. By their
nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances [outside the
control of the Group. Forward-looking statements are not guarantees
of future performance and the development of the markets and the
industry in which the Group operates may differ materially from
those described in, or suggested by, any forward- looking
statements contained in this release. In addition, even if the
development of the markets and the industry in which the Group
operates are consistent with the forward looking statements
contained in this release, those developments may not be indicative
of developments in subsequent periods. A number of factors could
cause results and/or developments to differ materially from those
expressed or implied by the forward-looking statements including,
without limitation, general economic and business conditions,
demand, supply and prices for gold and other long-term commodity
price assumptions (and their effect on the timing and feasibility
of future projects and developments), trends in the gold mining
industry and conditions of the international gold markets,
competition, actions and activities of governmental authorities
(including changes in laws, regulations or taxation), currency
fluctuations (including as between the US Dollar and Rouble), the
Group's ability to recover its reserves or develop new reserves,
changes in its business strategy, any litigation, and political and
economic uncertainty. Except as required by applicable law, rule or
regulation (including the Listing and Disclosure Guidance and
Transparency Rules), the Group does not undertake any obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. Past
performance cannot be relied on as a guide to future performance.
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END
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