REG - PJSC Polyus Polyus Finance PLC - 1H 2017 Dividend Recommendation <Origin Href="QuoteRef">PLZL.MM</Origin>
RNS Number : 8799NPJSC Polyus14 August 2017Press Release 14 August 2017
PJSC Polyus
1H 2017 Dividend Recommendation
The Board of Directors (the "Board") of PJSC Polyus (LSE, MOEX- PLZL) (Polyus, orthe Company), thelargest gold producer inRussia, is recommending the dividends for the first six months ended 30 June 2017 for approval by the Company'sextraordinary general shareholders' meeting (EGM) in the amount of 104.3 Russian roubles per ordinary share.
This is equivalent to approximately 1.73 U.S. Dollars per ordinary share or 0.87 U.S. Dollars per depositary share (with two depositary shares representing interest in one ordinary share) based onthe currency exchange of the Central Bank ofRussia of 60.19 Russian roubles per 1 U.S. Dollar as of 14 August 2017. The total proposed dividend payout amounts to 13,759,716,172.60 Russian roubles, which corresponds to approx.229 million U.S. Dollars, representing 30% of the Company's EBITDA for 1H 2017 in line with the existing dividend policy.
The dividend is subject to approval by the Company's shareholders at the EGM that will be held on 15 September 2017. It is expected that the dividend record date will be 25 September 2017.
Polyus
Polyus (www.polyus.com) isthe largest gold producer inRussia and one ofthe top 10gold miners globally with the lowest cost position. Based on its 2016 Ore Reserves and Mineral Resources, Polyus ranks second by attributable gold reserves and third by attributable gold resources among the world's largest gold mining companies.
Polyus group's principal operations are located inKrasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
Enquiries:
Investor Contact
Victor Drozdov, Director Investor Relations
+7 (495) 641 33 77 drozdovvi@polyus.com
Media contact
Victoria Vasilyeva, Director Public Relations
+7 (495) 641 33 77 vasilevavs@polyus.com
Forward looking statement
This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
This information is provided by RNSThe company news service from the London Stock ExchangeENDDIVOKQDQABKKKFD
Recent news on Polyus PAO
See all newsREG - PJSC Polyus Polyus Finance PLC - Financial Results for 3Q and 9M 2017 <Origin Href="QuoteRef">PLZL.MM</Origin>
AnnouncementREG - PJSC Polyus Polyus Finance PLC - Notice of 3Q 2017 Financial Results <Origin Href="QuoteRef">PLZL.MM</Origin>
AnnouncementREG - PJSC Polyus Polyus Finance PLC - Traiding update 3Q2017 <Origin Href="QuoteRef">PLZL.MM</Origin>
AnnouncementREG - PJSC Polyus - Further Guarantee under the 2013 Notes <Origin Href="QuoteRef">PLZL.MM</Origin>
AnnouncementREG - PJSC Polyus Polyus Finance PLC - Maria Gordon nominated as new Independent Director <Origin Href="QuoteRef">PLZL.MM</Origin>
Announcement