RCS - Petropavlovsk PLC - Timing of Scheme Sanctions Hearings

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19/01/2023 15:45

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RNS Number : 3124N  Petropavlovsk PLC  19 January 2023

 

19 January 2023

 

Petropavlovsk PLC

Petropavlovsk 2010 Limited

Petropavlovsk 2016 Limited

 

Timing of Scheme Sanctions Hearings

 

Petropavlovsk PLC, Petropavlovsk 2010 Limited and Petropavlovsk 2016 Limited
(together the "Companies" and each a "Company") refer to the announcement on
11 January 2023 of hearings of the High Court in London to be held on 20
January 2023 to seek final sanction of the High Court to the schemes of
arrangement proposed in relation to the Companies. The timing of those
hearings is now confirmed as 10:30am London time.

 

The hearings will take place in person at the Insolvency and Companies Court
of the High Court, with details also available on the HM Courts &
Tribunals Service website at
https://www.gov.uk/government/publications/business-and-property-courts-rolls-building-cause-list/business-and-property-courts-of-england-and-wales-cause-list#companies-winding-up-chancery-division
(https://www.gov.uk/government/publications/business-and-property-courts-rolls-building-cause-list/business-and-property-courts-of-england-and-wales-cause-list#companies-winding-up-chancery-division)
.

 

The outcome of the hearings will be announced following the hearing. Subject
to that outcome, the schemes of arrangement remain expected to become
effective by the end of January 2023.

 

Further information on the schemes of arrangement 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) .

 

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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