RCS - Petropavlovsk PLC - Scheme Effective Date and Claim Deadlines

Beasley BroadcastAnnouncement

02/02/2023 11:15

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RNS Number : 7491O  Petropavlovsk PLC  02 February 2023

 

2 February 2023

 

Petropavlovsk PLC

Petropavlovsk 2010 Limited

Petropavlovsk 2016 Limited

all in administration

 

Scheme Effective Date and Claim Deadlines

Further to the announcement of 25 January 2023 Petropavlovsk PLC,
Petropavlovsk 2010 Limited and Petropavlovsk 2016 Limited (together the
"Companies" and each a "Company") announce that the schemes of arrangement
proposed in relation to each Company (each a "Scheme") became effective as of
30 January 2023 (the "Scheme Effective Date").

Payments to Scheme Creditors whose claims have been duly submitted and
accepted by or on behalf of the Administrators are expected to commence within
the coming days.

Unsubmitted Claims

Any Scheme Creditor who has not yet submitted a claim should do so without
delay. The deadline to submit a claim in respect of each of the Schemes are
set out below, together with contact details and the duration of any holding
trust.

Scheme Creditors should note that:

·    Scheme Claims must be made via the channels and within the deadlines
set out below. Claims previously made to the Administrators are not valid for
this purpose and will not be eligible for payment in a Scheme. For the
avoidance of doubt, claims previously made by email or proof of debt sent to
the Administrators other than as below will not be eligible to participate in
any distribution from a Scheme

·    Any claim not submitted by the Submission Deadline and via the
channels for Scheme Claims set out below may be considered waived in its
entirety and the liability of the relevant Company to the Scheme Creditor in
respect of such claim fully extinguished

 

 Company                     Submission Deadline for Scheme Claims         Channels  for the Submission of Scheme Claims                                 Period of Holding Trust
 Petropavlovsk PLC           Prior to 30 April 2023                                                                                                      Until 30 January 2024

                                                                           By email to petro@opusllp.com (mailto:petro@opusllp.com) using the proof of
                                                                           debt form available from the Scheme portal at

                                                                           https://i2capmark.com/event-details/84/Holder/petropavlovsk-plc               (Being 365 days from the Scheme Effective Date)
                                                                           (https://i2capmark.com/event-details/84/Holder/petropavlovsk-plc)
 Petropavlovsk 2010 Limited  Prior to 30 January 2024                      By registration on the Scheme portal at

                                             https://i2capmark.com/event-details/84/Holder/petropavlovsk-plc
                                                                           (https://i2capmark.com/event-details/84/Holder/petropavlovsk-plc)

                             (Being the end of the Holding Trust Period)

 Petropavlovsk 2016 Limited

Further information on the schemes of arrangement (including definitions of
Scheme Creditors and Scheme Claims and details of the Holding Trust Period)
are set out in the scheme documents available at:
https://i2capmark.com/event-details/84/Holder/petropavlovsk-plc
(https://i2capmark.com/event-details/84/Holder/petropavlovsk-plc) .

 

Allister Manson, Trevor Binyon and Joanne Rolls, all of Opus Restructuring LLP
("Opus"), were appointed as joint administrators of Petropavlovsk PLC by order
of the High Court in London made on 18 July 2022. Allister Manson and Gareth
Wilcox, also of Opus were appointed as joint administrators of each of
Petropavlovsk 2010 Limited and Petropavlovsk 2016 Limited by orders of the
High Court in London made on 20 December 2022. All administrators act as agent
of the relevant Company without personal liability.

 

Enquiries

 

 Opus Business Advisory Group  +44 (0) 7967 658 296

 Nick Hood                     nick.hood@opusllp.com (mailto:nick.hood@opusllp.com)

 Allister Manson               petropavlovsk@opusllp.com (mailto:petropavlovsk@opusllp.com)

 Gareth Wilcox                 petrojersey@opusllp.com (mailto:petrojersey@opusllp.com)

 Petropavlovsk PLC             +44 (0) 7801 215 474

 Max Zaltsman                  mz@petropavlovskplc.com (mailto:mz@petropavlovskplc.com)
 Information Agent             +44 (0) 20 3633 1212

 i2 Capital Markets Limited    petropavlovsk@i2capmark.com (mailto:petropavlovsk@i2capmark.com)

 

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