11.04.2016, 23:46
Polymetal Has Recommended Payment of Final Dividend of FY 2015
OREANDA-NEWS. Polymetal International plc is pleased to announce that the Board of Directors of the Company has recommended the payment of a final dividend of US$ 0.13 per share for the year ended 31 December 2015.
The Directors of Polymetal in accordance with Polymetal's dividend policy are proposing the payment of a final dividend of US$ 0.13 per ordinary share (approx. US$ 55 million) for the year ended 31 December 2015 (2014: US$ 0.13), representing 30% of the Group's underlying net income for the 2H 2015.
This will bring the total dividend for the year to US$ 0.51 per ordinary share or US$ 216 million.
The final dividend will be subject to shareholder approval at the Annual General Meeting of the Company to be held on 17 May 2016. Assuming shareholder approval is received, the dividend will be paid on 27 May 2016 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling. Such election should be made not later than 9 May 2016. Payments in pounds sterling will be based on the US$/GBP exchange rate determined by the Company on 12 May 2016 and announced immediately thereafter.
The Directors of Polymetal in accordance with Polymetal's dividend policy are proposing the payment of a final dividend of US$ 0.13 per ordinary share (approx. US$ 55 million) for the year ended 31 December 2015 (2014: US$ 0.13), representing 30% of the Group's underlying net income for the 2H 2015.
This will bring the total dividend for the year to US$ 0.51 per ordinary share or US$ 216 million.
The final dividend will be subject to shareholder approval at the Annual General Meeting of the Company to be held on 17 May 2016. Assuming shareholder approval is received, the dividend will be paid on 27 May 2016 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling. Such election should be made not later than 9 May 2016. Payments in pounds sterling will be based on the US$/GBP exchange rate determined by the Company on 12 May 2016 and announced immediately thereafter.
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