7th Mar 2013 12:35
7 March 2013
Results of General Meeting
Proposed approximately US$238 million investment in IRC Limited
by new shareholders
Petropavlovsk PLC ("Petropavlovsk" or the "Company") is pleased to announce that in connection with the conditional approximately US$238 million investment in IRC Limited by General Nice Development Limited and Minmetals Cheerglory Limited (the "Transaction"), announced by the Company on 18 February 2013, the ordinary resolution put to shareholders at today's General Meeting was duly passed on a show of hands.
Full details of the proxy votes received from shareholders prior to the meeting for the resolution are set out below and will also be made available on the Company's website www.petropavlovsk.net.
Votes for (including discretionary | % of votes cast | Votes against | % of votes cast | Total votes cast | Votes withheld |
113,397,415 | 99.98 | 18,546 | 0.02 | 113,415,961 | 1,285,070 |
Total votes cast excludes withheld votes.
The Transaction is still subject, inter alia, to approval by shareholders of IRC Limited at an extraordinary general meeting which is scheduled to take place in Hong Kong at 10.00 a.m. on Monday 11 March 2013.
As required by the Listing Rules, a copy of the resolution passed will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do.
ENQUIRIES
Petropavlovsk PLC | +44 (0) 20 7201 8900 |
Alya Samokhvalova | |
Rachel Tuft | |
College Hill | +44 (0) 20 7457 2020 |
David Simonson | |
Matthew Tyler | |
Anca Spiridon |
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