REG-Polymetal International plc Polymetal: Final dividend declaration of US$ 0.52 per share

Polymetal International PKAnnouncement

02/03/2022 07:15

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   Polymetal International plc (POLY)
   Polymetal: Final dividend declaration of US$ 0.52 per share

   02-March-2022 / 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 IMMEDIATE                                                         
   time    LSE, MOEX, AIX: POLY / ADR: AUCOY
   Date    02 March 2022

    

   Polymetal International plc

   Final dividend declaration of US$ 0.52 per share

   Polymetal announces  that  the  Board  of Directors  of  the  Company  has
   recommended the payment of a final dividend of US$ 0.52 per share for  the
   year ended 31 December 2021.

       Dividend declaration

   A final dividend  of US$  0.52 per  share (2020:  US$ 0.89  per share)  or
   approx.  US$  246  million  in  total  representing  50%  of  the  Group's
   underlying net earnings  for 2H  2021 has been  proposed by  the Board  in
   accordance  with  Polymetal's  dividend  policy.  This  brings  the  total
   dividend declared for the FY  2021 to US$ 0.97  per share (2020: US$  1.29
   per share) or approx. US$ 459 million (2020: US$ 608 million).

   The final dividend will be subject  to shareholder approval at the  Annual
   General Meeting  of the  Company to  be held  on 25  April 2022.  Assuming
   shareholder approval is received, the dividend will be paid on 27 May 2022
   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 10 May 2022. Payments in pounds sterling and euro will be based
   on the USD/GBP and USD/EUR exchange rates determined by the Company on  13
   May 2022 and announced immediately thereafter.

       Details

   EX DIV DATE:              05 May 2022

   RECORD DATE:              06 May 2022

   LAST DATE FOR CURRENCY ELECTION:  10 May 2022

   PAYMENT DATE:                                             27 May 2022

   The Company's issued share capital comprises 473,626,239 ordinary shares.

   About Polymetal 

   Polymetal International plc (together with its subsidiaries - "Polymetal",
   the "Company", or the "Group") is a top-10 global gold and silver producer
   with assets in Russia and  Kazakhstan. The Company combines strong  growth
   with a robust dividend yield.

   Enquiries

       Investor Relations                                         
   Polymetal         1 ir@polymetalinternational.com

   Evgeny Monakhov  +44 20 7887 1475 (UK)
                                                                  
   Timofey Kulakov   

   Kirill Kuznetsov +7 812 334 3666 (Russia)
       Joint Corporate Brokers            
   Panmure Gordon                    RBC Europe Limited

   John Prior       +44 20 7886 2500 Marcus Jackson     +44 20 7653 4000

   Rupert Dearden                    Jamil Miah
                                                                  

   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
   LEI Code:       213800JKJ5HJWYS4GR61
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   146176
   EQS News ID:    1291821


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@polymetalinternational.com


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