REG-Polymetal International plc Polymetal International plc: Interim dividend declaration of US$ 0.20 per share

Polymetal International PKAnnouncement

27/08/2019 07:05

============

   Polymetal International plc (POLY)
   Polymetal International plc: Interim dividend declaration of US$ 0.20 per
   share

   27-Aug-2019 / 09:00 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Release time IMMEDIATE                     LSE, MOEX, AIX: POLY / ADR:
                AUCOY
   Date         27 August 2019

    

    

   Polymetal International plc

   Interim dividend declaration of US$ 0.20 per share

   Polymetal is  pleased to  announce  that the  Board  of Directors  of  the
   Company has resolved to pay an interim dividend of US$ 0.20 per share  for
   the six months ended 30 June 2019.

       Dividend declaration

   In accordance  with  the  Company's  dividend  policy,  the  Directors  of
   Polymetal have  resolved  to pay  an  interim  dividend of  US$  0.20  per
   ordinary share (approx. US$ 94 million)  for the six months ended 30  June
   2019 (H1 2018: US$ 0.17), representing  50% of the Group's underlying  net
   income for the  H1 2019 and  in compliance  with the hard  ceiling of  Net
   debt/Adjusted EBITDA ratio below 2.5x.

   This will  bring the  total dividend  declared  in 2019  to US$  0.51  per
   ordinary share, or US$  240 million and the  dividend yield to 4.5%  since
   the beginning of the  year calculated based on  an average share price  in
   2019.

   The dividend will  be paid on  27 September  2019 in US  Dollars, with  an
   option for  shareholders  to  elect  to receive  the  dividend  in  pounds
   sterling or  Euro.  Such  an election  should  be  made no  later  than  9
   September 2019. Payments in pounds sterling and Euro will be based on  the
   USD/GBP and  USD/EUR  exchange  rates  determined by  the  Company  on  12
   September 2019 and announced immediately thereafter.

       Details

   EX DIV DATE:              05 Sep 2019

   RECORD DATE:              06 Sep 2019

   LAST DATE FOR CURRENCY ELECTION:  09 Sep 2019

   PAYMENT DATE:                                             27 Sep 2019

   The Company's issued share capital comprises 470,183,404 ordinary shares.

   About Polymetal  

   Polymetal International plc (LSE, MOEX,  AIX: POLY, ADR: AUCOY)  (together
   with its subsidiaries - "Polymetal", the  "Company", or the "Group") is  a
   top-20 global gold producer and  top-5 global silver producer with  assets
   in Russia and Kazakhstan. The Company combines strong growth with a robust
   dividend yield.

   Enquiries

       Media                      Investor Relations
                              Polymetal
                                              1 ir@polymetalinternational.com
   FTI Consulting             Eugenia
                              Onuschenko     +44 20 7887 1476 (UK)
   Leonid Fink     +44 20
                   3727 1000  Timofey         
   Viktor Pomichal            Kulakov
                                             +7 812 334 3666 (Russia)
                              Kirill
                              Kuznetsov
       Joint Corporate             
       Brokers
   Morgan Stanley  +44 20
                   7425 8000
   Andrew Foster              RBC Europe
                              Limited
   Richard Brown
                              Marcus Jackson +44 20 7653 4000
   Panmure Gordon
                              Jamil Miah
   Charles Lesser
                   +44 20
   James Stearns   7886 2500

    

   FORWARD-LOOKING STATEMENTS

   THIS RELEASE MAY  INCLUDE STATEMENTS  THAT ARE, OR  MAY BE  DEEMED TO  BE,
   "FORWARD-LOOKING STATEMENTS". THESE FORWARD-LOOKING STATEMENTS SPEAK  ONLY
   AS AT THE DATE  OF THIS RELEASE. THESE  FORWARD-LOOKING STATEMENTS CAN  BE
   IDENTIFIED BY THE USE OF FORWARD-LOOKING TERMINOLOGY, INCLUDING THE  WORDS
   "TARGETS",  "BELIEVES",  "EXPECTS",  "AIMS",  "INTENDS",  "WILL",   "MAY",
   "ANTICIPATES", "WOULD", "COULD" OR "SHOULD" OR SIMILAR EXPRESSIONS OR,  IN
   EACH  CASE  THEIR  NEGATIVE  OR  OTHER  VARIATIONS  OR  BY  DISCUSSION  OF
   STRATEGIES, PLANS, OBJECTIVES, GOALS,  FUTURE EVENTS OR INTENTIONS.  THESE
   FORWARD-LOOKING STATEMENTS  ALL INCLUDE  MATTERS THAT  ARE NOT  HISTORICAL
   FACTS. BY THEIR NATURE, SUCH FORWARD-LOOKING STATEMENTS INVOLVE KNOWN  AND
   UNKNOWN RISKS,  UNCERTAINTIES  AND  OTHER  IMPORTANT  FACTORS  BEYOND  THE
   COMPANY'S CONTROL  THAT COULD  CAUSE THE  ACTUAL RESULTS,  PERFORMANCE  OR
   ACHIEVEMENTS OF  THE  COMPANY  TO  BE  MATERIALLY  DIFFERENT  FROM  FUTURE
   RESULTS,  PERFORMANCE  OR  ACHIEVEMENTS  EXPRESSED  OR  IMPLIED  BY   SUCH
   FORWARD-LOOKING STATEMENTS. SUCH FORWARD-LOOKING  STATEMENTS ARE BASED  ON
   NUMEROUS ASSUMPTIONS REGARDING THE  COMPANY'S PRESENT AND FUTURE  BUSINESS
   STRATEGIES AND THE ENVIRONMENT  IN WHICH THE COMPANY  WILL OPERATE IN  THE
   FUTURE.  FORWARD-LOOKING   STATEMENTS  ARE   NOT  GUARANTEES   OF   FUTURE
   PERFORMANCE. THERE ARE MANY FACTORS THAT COULD CAUSE THE COMPANY'S  ACTUAL
   RESULTS, PERFORMANCE  OR  ACHIEVEMENTS  TO DIFFER  MATERIALLY  FROM  THOSE
   EXPRESSED  IN  SUCH  FORWARD-LOOKING  STATEMENTS.  THE  COMPANY  EXPRESSLY
   DISCLAIMS ANY  OBLIGATION OR  UNDERTAKING TO  DISSEMINATE ANY  UPDATES  OR
   REVISIONS TO  ANY FORWARD-LOOKING STATEMENTS CONTAINED HEREIN  TO  REFLECT
   ANY CHANGE IN THE COMPANY'S EXPECTATIONS WITH REGARD THERETO OR ANY CHANGE
   IN EVENTS, CONDITIONS OR  CIRCUMSTANCES ON WHICH  ANY SUCH STATEMENTS  ARE
   BASED

    

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          JE00B6T5S470
   Category Code: DIV
   TIDM:          POLY
   Sequence No.:  18064
   EQS News ID:   863339


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

    2 fncls.ssp?fn=show_t_gif&application_id=863339&application_name=news&site_id=reuters8

References

   Visible links
   1. mailto:ir@polymetalinternational.com


============