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IN BRIEF: Petropavlovsk in administration after court order

ALN

Petropavlovsk PLC - Russian gold miner - Court appoints Allister Manson, Trevor Binyon and Jo Rolls of Opus Restructuring as administrators of the company, with immediate effect. Board no longer has decision-making powers, with the day-to-day running of the company now in the hands of the administrators. Also Petropavlovsk 2010 Ltd's application for cancellation of $125 million 8.25% guranteed convertible bonds due 2024 becomes unconditional.

Current stock price: suspended

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