Shareholders DE Shaw, M&G, Sothic say Petropavlovsk needs change

June 14, 2017

Responsive image

Shareholders DE Shaw, M&G and Sothic said in a statement on Wednesday London-listed gold miner Petropavlovsk’s board needs an overhaul, but they have no intention of taking control of the company. Shareholders, including M&G and Sothic, have put forward resolutions ahead of the company’s annual general meeting next week aimed at replacing chairperson Peter Hambro, who set up the Russian-focused miner in 1994.

Category: General