04.12.2015, 00:09
Polymetal’s Board of Directors Approved Special Dividend
OREANDA-NEWS. Polymetal International plc is pleased to announce that on 2 December 2015 the Board of Directors of the Company approved a special dividend of USD 0.30 per share for the year ending 31 December 2015
In accordance with the Company's dividend policy, the Directors of Polymetal, having considered the performance of the Group during the year to date, available free cash flows and future investment requirements, have resolved to pay a special dividend of USD 0.30 per ordinary share, representing approximately USD 127 million. This brings total dividends declared for this year to US$0.38 per share (2014: USD 0.41, 2013: USD 0.09, 2012: USD 0.81, 2011: USD 0.20) or USD 161 million and an annual dividend yield to 4.6%.
This is the third special cash dividend in the Company's history, which follows special dividends paid in December 2012 and January 2014 of USD 0.5 per share and USD 0.2 per share, or approximately US$191 million and US$84 million, respectively.
The special dividend will be paid on 24 December 2015 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling. Such election should be made not later than 14 December 2015. Payments in pounds sterling will be based on the US$/GBP exchange rate determined by the Company on 15 December 2015 and announced immediately thereafter.
In accordance with the Company's dividend policy, the Directors of Polymetal, having considered the performance of the Group during the year to date, available free cash flows and future investment requirements, have resolved to pay a special dividend of USD 0.30 per ordinary share, representing approximately USD 127 million. This brings total dividends declared for this year to US$0.38 per share (2014: USD 0.41, 2013: USD 0.09, 2012: USD 0.81, 2011: USD 0.20) or USD 161 million and an annual dividend yield to 4.6%.
This is the third special cash dividend in the Company's history, which follows special dividends paid in December 2012 and January 2014 of USD 0.5 per share and USD 0.2 per share, or approximately US$191 million and US$84 million, respectively.
The special dividend will be paid on 24 December 2015 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling. Such election should be made not later than 14 December 2015. Payments in pounds sterling will be based on the US$/GBP exchange rate determined by the Company on 15 December 2015 and announced immediately thereafter.
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