OREANDA-NEWS. The Company Polymetal’s dividend policy remains unchanged. Target payout ratio is 30% of underlying net earnings (net earnings adjusted for non-cash foreign gains/losses and impairment charges), provided that Net debt / adjusted EBITDA is below 1.75x.

The Board has the full discretion to act flexibly with regards to shareholder dividends should the self-imposed leverage covenant of 1.75x Net debt / adjusted EBITDA be exceeded.

The amount of the final dividend for the year will be reviewed by the Board in due course in accordance with the dividend policy and recommended to shareholders for their approval at the Annual General Meeting in 2016.