REG-Polymetal International plc Polymetal: Interim dividend declaration of US$ 0.45 per share

Polymetal International PKAnnouncement

26/08/2021 07:05

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   Polymetal International plc (POLY)
   Polymetal: Interim dividend declaration of US$ 0.45 per share

   26-Aug-2021 / 09:03 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    26 August 2021

    

    

   Polymetal International plc

   Interim dividend declaration of US$ 0.45 per share

   Polymetal is  pleased to  announce  that the  Board  of Directors  of  the
   Company has resolved to pay an interim dividend of US$ 0.45 per share  for
   the six months ended 30 June 2021.

       Dividend declaration

   In accordance  with  the  Company's  dividend  policy,  the  Directors  of
   Polymetal have  resolved  to pay  an  interim  dividend of  US$  0.45  per
   ordinary share (approx. US$ 213 million) for the six months ended 30  June
   2021 (1H 2020: US$ 0.40), representing  50% of the Group's underlying  net
   income for the  H1 2021 and  in compliance  with the hard  ceiling of  Net
   debt/Adjusted EBITDA ratio below 2.5x.

   This will  bring the  total dividend  declared  in 2021  to US$  1.34  per
   ordinary share, or US$ 634 million and the year-to-date dividend yield  to
   6.1% (based on an average share price).

   The dividend will  be paid on  30 September  2021 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  14
   September 2021. Payments in pounds sterling and Euro will be based on  the
   USD/GBP and  USD/EUR  exchange  rates  determined by  the  Company  on  17
   September 2021 and announced immediately thereafter.

       Details

   EX DIV DATE:              09 Sep 2021

   RECORD DATE:              10 Sep 2021

   LAST DATE FOR CURRENCY ELECTION:  14 Sep 2021

   PAYMENT DATE:                                             30 Sep 2021

   The Company's issued share capital comprises 473,576,257 ordinary shares.

   About Polymetal 

   Polymetal International plc (together with its subsidiaries - "Polymetal",
   the "Company", or the "Group") is a top-10 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                 Evgeny
                          +44 20  Monakhov   +44 20 7887 1475 (UK)
   Leonid Fink            3727
                          1000    Timofey     
   Viktor Pomichal                Kulakov
                                             +7 812 334 3666 (Russia)
                                  Kirill
                                  Kuznetsov
       Joint Corporate Brokers         
                          +44 20
   Morgan Stanley & Co.   7425
   International plc      8000

   Andrew Foster                  RBC Europe
                                  Limited
   Richard Brown           
                                  Marcus     +44 20 7653 4000
   Panmure Gordon                 Jackson

   John Prior                     Jamil Miah

   Rupert Dearden         +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
   LEI Code:       213800JKJ5HJWYS4GR61
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   120784
   EQS News ID:    1228969


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@polymetalinternational.com


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