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Petropavlovsk board removed

Petropavlovsk board removed

A group of rebel shareholders has succeeded in its bid to clear out the board of Russian gold miner Petropvalovsk (POG). Proposals to remove chairman Ian Ashby, chief executive Roman Deniskin, and directors Bruce Buck, Adrian Coates and Garrett Soden were tabled at last Friday’s (29 June) annual general meeting by investors CABS and Slevin, and backed by more than half of shareholders. In the board’s place, owners of the company narrowly voted through the return of former chief executive Dr Pavel Maslovskiy and ex-directors Sir Roderic Lyne and Mr Robert Jenkins.

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