Polymetal: Interim dividend declaration of USUSD 0.45 per share (1228969)
26 August 2021 - 4:03PM
UK Regulatory
Polymetal International plc (POLY) Polymetal: Interim dividend
declaration of USUSD 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 time IMMEDIATE LSE, MOEX, AIX: POLY / ADR: AUCOY
Date 26 August 2021 Polymetal International plc
Interim dividend declaration of USUSD 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 USUSD 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 USUSD 0.45
per ordinary share (approx. USUSD 213 million) for the six months
ended 30 June 2021 (1H 2020: USUSD 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 USUSD
1.34 per ordinary share, or USUSD 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 ir@polymetalinternational.com
FTI Consulting
Evgeny Monakhov +44 20 7887 1475 (UK)
Leonid Fink +44 20 3727 1000
Timofey Kulakov
Viktor Pomichal
Kirill Kuznetsov +7 812 334 3666 (Russia)
Joint Corporate Brokers
Morgan Stanley & Co. International plc +44 20 7425 8000
Andrew Foster
RBC Europe Limited
Richard Brown
Marcus Jackson +44 20 7653 4000
Panmure Gordon Jamil Miah
John Prior
+44 20 7886 2500
Rupert Dearden
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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