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Petropavlovsk PLC (POG.L)

POG.L on London Stock Exchange

10.00GBp
16 Aug 2019
Change (% chg)

-0.02 (-0.20%)
Prev Close
10.02
Open
10.00
Day's High
10.10
Day's Low
10.00
Volume
3,375,074
Avg. Vol
4,035,228
52-wk High
10.44
52-wk Low
5.15

Latest Key Developments (Source: Significant Developments)

Fincraft Resources Joint Stock Co Discloses 19.27% Stake In Petropavlovsk
Tuesday, 16 Jul 2019 05:08am EDT 

July 16 (Reuters) - Petropavlovsk PLC ::FINCRAFT RESOURCES JOINT STOCK COMPANY DISLCOSES 19.27 PERCENT STAKE IN PETROPAVLOVSK AS OF JULY 11 - FILING.  Full Article

Petropavlovsk Exercises Option To Redeem Bonds
Wednesday, 3 Jul 2019 08:41am EDT 

July 3 (Reuters) - Petropavlovsk PLC ::SAYS HAS ELECTED TO EXERCISE ITS OPTION TO REDEEM OUTSTANDING BONDS.SAYS WILL REDEEM OUTSTANDING BONDS ON 9 JULY 2019.LAST DATE ON WHICH CONVERSION RIGHTS ARE EXERCISABLE IN RESPECT OF BONDS IS 4 JULY 2019 AT AN EXCHANGE PRICE OF £0.0826 PER SHARE.  Full Article

Petropavlovsk Announces Approval Of Written Resolution
Thursday, 27 Jun 2019 02:01am EDT 

June 27 (Reuters) - Petropavlovsk PLC ::SAYS WRITTEN RESOLUTION DATED 19 JUNE 2019 HAS BEEN DULY APPROVED.SAYS CURRENT INTENTION OF ISSUER TO EXERCISE ITS OPTION TO REDEEM OUTSTANDING BONDS UNDER CONDITION 9(B).SAYS INTENDS TO REDEEM BONDS IN ACCORDANCE WITH THEIR TERMS AND TO PAY TO EACH BONDHOLDER AMOUNT OF U.S.$1,080 PER U.S.$1,000 IN OUTSTANDING PRINCIPAL AMOUNT.  Full Article

Petropavlovsk Places $125 Mln Convertible Bonds At Coupon 8.25% Per Annum
Thursday, 20 Jun 2019 02:00am EDT 

June 20 (Reuters) - Petropavlovsk PLC ::PLACEMENT OF $125M BONDS AND REPURCHASE.SAYS ANNOUNCES PLACEMENT OF $125 MILLION OF GUARANTEED CONVERTIBLE BONDS DUE 2024 TO BE ISSUED BY PETROPAVLOVSK 2010 LIMITED.SAYS $25 MILLION INCREASE OPTION HAS BEEN EXERCISED IN FULL.SAYS ISSUER ALSO CONCLUDED PREVIOUSLY ANNOUNCED INVITATION TO REPURCHASE ANY AND ALL OF OUTSTANDING $100 MILLION 9.00% CONVERTIBLE BONDS DUE 2020.SAYS BONDS WILL HAVE PRINCIPAL AMOUNT OF $200,000. BONDS WILL BE ISSUED AT PAR AND WILL CARRY A COUPON OF 8.25% PER ANNUM.BONDS WILL BE CONVERTIBLE INTO FULLY PAID ORDINARY SHARES WITH INITIAL EXCHANGE PRICE OF $0.1350, SET AT PREMIUM OF 22.5%.  Full Article

Petropavlovsk Announces Convertible Bond Offering For Up To $125 Mln
Wednesday, 19 Jun 2019 06:46am EDT 

June 19 (Reuters) - Petropavlovsk PLC ::CONVERTIBLE BOND OFFERING AND REPURCHASE.UP TO U.S.$125 MILLION NEW CONVERTIBLE BOND OFFERING.UP TO U.S.$125 MILLION NEW CONVERTIBLE BOND OFFERING.CONCURRENT REPURCHASE OF, AND CONSENT SOLICITATION IN RELATION TO, ANY AND ALL OF OUTSTANDING U.S.$100 MILLION GUARANTEED CONVERTIBLE BONDS DUE 2020.  Full Article

Petropavlovsk Gets Repayment Of Temporary Bridge Loans By IRC
Monday, 25 Mar 2019 03:01am EDT 

March 25 (Reuters) - Petropavlovsk PLC ::RECEIVED ROUBLE EQUIVALENT OF ABOUT $57 MILLION AS FULL REPAYMENT OF TWO BRIDGE LOANS ADVANCED BY PETROPAVLOVSK TO IRC DURING 2018.SAYS GUARANTEE FEE OF $6 MILLION IS IN PROCESS OF BEING PAID BY IRC TO COMPANY, WITH A FURTHER US$5 MILLION PAYABLE BY IRC NO LATER THAN 31 MARCH 2020.  Full Article

Petropavlovsk Shareholders Approved Recommended Proposal To Guarantee Obligations Of K&S
Tuesday, 12 Mar 2019 08:19am EDT 

March 12 (Reuters) - Petropavlovsk PLC ::SAYS SHAREHOLDERS APPROVED RECOMMENDED PROPOSAL TO GUARANTEE OBLIGATIONS OF KIMKANO-SUTARSKY MINING AND BENEFICIATION PLANT LLC.SAYS REPAYMENT SCHEDULE OF NEW FACILITY WITH GAZPROMBANK BETTER ALIGNS WITH PROPOSED RAMP UP OF K&S'S PRODUCTION.SAYS PETROPAVLOVSK WILL BENEFIT FROM A US$63M AGGREGATE CASH INFLOW VIA REPAYMENT BY IRC OF TWO BRIDGE LOANS AND A GUARANTEE FEE.  Full Article

Petropavlovsk Extends Deadline For IRC Bridge Loan Repayment Until March 21
Wednesday, 20 Feb 2019 06:55am EST 

Feb 20 (Reuters) - Petropavlovsk PLC ::RUSSIA'S PETROPAVLOVSK SAYS IRC EXPECTS TO DRAW DOWN ON GAZPROMBANK FACILITY IN MARCH 2019 AND WILL NOT BE IN A POSITION TO REPAY BRIDGE LOAN ON 20 FEBRUARY 2019.RUSSIA'S PETROPAVLOVSK SAYS IT WILL NOT TAKE ANY ACTION OR EXERCISE ITS RIGHT TO DEMAND REPAYMENT OF BRIDGE LOAN ON 20 FEBRUARY 2019 PROVIDED THAT ALL AMOUNTS OWING UNDER BRIDGE LOAN ARE REPAID IN FULL BY 21 MARCH 2019.SAYS INDEPENDENT DIRECTORS OF IRC CONSIDER THAT TERMS OF WAIVER PROPOSED BY LENDER ARE FAIR AND REASONABLE.  Full Article

Petropavlovsk: Two Facility Agreements With JSC Gazprombank
Friday, 15 Feb 2019 02:00am EST 

Feb 15 (Reuters) - Petropavlovsk PLC ::PLC - TWO FACILITY AGREEMENTS WITH JSC GAZPROMBANK.COMPANY IS TO GUARANTEE OBLIGATIONS OF K&S UP TO AN INITIAL AMOUNT OF APPROXIMATELY US$160 MILLION.  Full Article

Petropavlovsk Sees 2019 Gold Production At C.450 - 500 Koz
Wednesday, 23 Jan 2019 02:00am EST 

Jan 23 (Reuters) - Petropavlovsk PLC ::SAYS TOTAL GOLD PRODUCTION FOR 2018 WAS 422.3KOZ, IN LINE WITH COMPANY'S GUIDANCE OF 420 - 450KOZ.SAYS GROUP IS ON TRACK TO COMMISSION NEXT TWO PROCESSING LINES OF POX PROJECT IN JUNE 2019.SAYS 2019 OUTLOOK: GOLD PRODUCTION: C.450 - 500KOZ, SUBJECT TO FURTHER POX PLANT DEVELOPMENT SUCCESS.SEES 2019 CAPEX: US$45 MILLION - US$50 MILLION.SEES 2019 OUTSTANDING FORWARD SALES CONTRACTS OF 200KOZ AT A GOLD PRICE OF US$1,252/OZ (AS AT 31 DECEMBER 2018).  Full Article