Highland Gold Mining Limited Board of Directors Adopts Dividend Policy (1264Z)
13 December 2017 - 6:00PM
UK Regulatory
TIDMHGM
RNS Number : 1264Z
Highland Gold Mining Limited
13 December 2017
HIGHLAND GOLD MINING LIMITED
13 December 2017
Board of Directors Adopts Dividend Policy
Highland Gold Mining Limited ("Highland Gold" or the "Company",
AIM: HGM) today announces that the Company's Board of Directors has
adopted a Dividend Policy as follows:
-- Highland Gold Mining aims to pay a dividend that takes into
account the Company's cash generation, profitability, balance sheet
strength, and capital investment requirements.
-- The Company anticipates total dividend payout for each
financial year will be 20% of Net Cash Flow from Operating
Activities.
-- The Board may recommend the distribution of additional cash
on the balance sheet through increased or special dividends should
those funds not be required for capital expenditure or debt
repayment.
***
FOR FURTHER INFORMATION PLEASE CONTACT:
Highland Gold Mining Ltd. John Mann, Head of Communications
+ 7 495 424 95 21
Duncan Baxter, Non-Executive Director
+ 44 (0) 1534 814 202
Numis Securities Limited John Prior, James Black, Paul Gillam
(Nominated Adviser and Joint Broker) +44 (0) 207 260 1000
BMO Capital Markets Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette
(Joint Broker) +44 (0) 207 236 1010
Peat & Co Charlie Peat
(Joint Broker) +44 (0) 207 104 2334
This information is provided by RNS
The company news service from the London Stock Exchange
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