Courts and disputes

Prosperity Capital Management, which owns more than 20% of Petropavlovsk shares, demanded that an extraordinary meeting of shareholders of the gold producer be convened. In addition to the members of the Board of Directors elected at the annual meeting, Prosperity proposes to introduce seven additional members to the Board of Directors, including five of the seven directors who were not on the Board following the results of the GOSA, as well as new independent directors Michael Kavanagh and Vitaly Zarkhin.