REG-Polymetal International plc Polymetal: Final dividend declaration of US$ 0.42 per share

Polymetal International PKAnnouncement

04/03/2020 07:05

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   Polymetal International plc (POLY)
   Polymetal: Final dividend declaration of US$ 0.42 per share

   04-March-2020 / 10:03 MSK
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Release time IMMEDIATE                     LSE, MOEX, AIX: POLY / ADR:
                AUCOY
   Date         04 March 2020

    

    

   Polymetal International plc

   Final dividend declaration of US$ 0.42 per share

   Polymetal is  pleased to  announce  that the  Board  of Directors  of  the
   Company has recommended the  payment of a final  dividend of US$ 0.42  per
   share for the year ended 31 December 2019.

       Dividend declaration

   A final dividend  of US$  0.42 per  share (2018:  US$ 0.31  per share)  or
   approx.  US$  197  million  in  total  representing  50%  of  the  Group's
   underlying net earnings  for 2H  2019 has been  proposed by  the Board  in
   accordance with the dividend policy while staying remaining within the Net
   Debt/Adjusted EBITDA  target  of 1.5x  and  significantly below  the  hard
   ceiling ratio of less than 2.5x.

   This brings the  total dividend  declared for the  FY 2019  to the  record
   level since the Company's IPO  of US$ 0.82 per  share (2018: US$ 0.48  per
   share) or approx. US$ 385 million (2018: US$ 223 million) and the dividend
   yield to 6.5%  calculated based  on an average  share price  in 2019.  The
   5-year dividend yield averaged 5%.

   The final dividend will be subject  to shareholder approval at the  Annual
   General Meeting  of the  Company to  be held  on 27  April 2020.  Assuming
   shareholder approval is received, the dividend will be paid on 29 May 2020
   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 12 May 2020. Payments in pounds sterling and euro will be based
   on the USD/GBP and USD/EUR exchange rates determined by the Company on  15
   May 2020 and announced immediately thereafter.

       Details

   Dividend dates for London Stock Exchange (LSE) and Moscow Exchange (MOEX):

   EX DIV DATE:              07 May 2020

   RECORD DATE:              11 May 2020

   LAST DATE FOR CURRENCY ELECTION:  12 May 2020

   PAYMENT DATE:                                             29 May 2020

   Due to bank holidays in Kazakhstan, the following dates will apply on  the
   Astana International Exchange (AIX):

   EX DIV DATE:              06 May 2020

   RECORD DATE:              11 May 2020

   LAST DATE FOR CURRENCY ELECTION:  12 May 2020

   PAYMENT DATE:                                             29 May 2020

   The Company's issued share capital comprises 470,230,200 ordinary shares.

   About Polymetal 

   Polymetal International (LSE, MOEX: POLY,  ADR: AUCOY) (together with  its
   subsidiaries - "Polymetal",  the "Company",  or the "Group")  is a  top-20
   global gold producer  and a 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             Evgeny
                              Monakhov       +44 20 7887 1475 (UK)
   Leonid Fink     +44 20
                   3727 1000  Timofey         
   Viktor Pomichal            Kulakov
                                             +7 812 334 3666 (Russia)
                              Kirill
                              Kuznetsov
       Joint Corporate             
       Brokers
                   +44 20
   Morgan Stanley  7425 8000
                              RBC Europe
   Andrew Foster              Limited

   Richard Brown              Marcus Jackson +44 20 7653 4000

   Panmure Gordon             Jamil Miah

   James Stearns   +44 20
                   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.

    

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   ISIN:          JE00B6T5S470
   Category Code: DIV
   TIDM:          POLY
   Sequence No.:  50284
   EQS News ID:   989065


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@polymetalinternational.com


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