Maslovskiy sees voting stake in Petropavlovsk shrink to 1.8%, Hambro to 0.62%
MOSCOW. July 5 (Interfax) - Peter Maslovskiy's voting stake in Petropavlovsk plc, of which he is co-founder and CEO, has shrunk to 1.8% from 5.8%, the gold miner said.
This occurred because put and call options billion between Maslovskiy and a firm called Vailaski, which gave him voting rights over 131,830,466 ordinary shares and the right to buy them, lapsed on June 30, with neither party choosing to exercise their put and call.
Vailaski also had options with another Petropavlovsk co-founder, Peter Hambro, over a similar stake. His voting rights at Petropavlovsk are estimated to have shrunk to 0.62% from 4.64%. Hambro is no longer a director at Petropavlovsk, and his stake is not therefore subject to disclosure.
Petropavlovsk develops gold deposits in Amur Region - Pokrovsky, Pioneer, Malomir and Albyn.
Firms controlled by Viktor Vekselberg, including Metkombank, hold the biggest stake of 22.34% in Petropavlovsk.