Sothic Capital, Petropavlovsk’s second largest shareholder with a beneficial ownership of 10.9%, is strongly against replacing the current Board as requested by CABS and Slevin, and warns of a “takeover by stealth”. See here for the full letter: https://t.co/uBsKAB48im #POG
Shore Capital note ‘The gradual layer-by-layer provision of information related to its beneficial ownership really isn’t doing the image of dissident shareholder CABS Platform (which owns 4.55% of POG) any favours, in our view.’ #POG#shareholders#transparency
‘The Board does not believe these individuals are the ultimate owners behind CABS… this disclosure seems to be yet another veil of secrecy’ https://t.co/VZMbtT6pJr #POG#corporategovernance#transparency
Visit our website at https://t.co/uBsKABlJ9U to view our Notice of Annual General Meeting to be held on 29 June 2018. In it, the Board outlines its response to the Requisitions, highlighting important #corporategovernance and #transparency issues. #POG#gold#petropavlovsk#AGM