TSG Trans-siberian Gold Plc

TIDMTSG

RNS Number : 4153T

Trans-Siberian Gold PLC

20 July 2020

20 July 2020

Trans-Siberian Gold plc

("TSG", the "Company" or the "Group")

Final Dividend Currency Exchange Rate

Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Kamchatka, Far East Russia, announced on 8 June 2020 that, subject to shareholder approval, the Company proposed to pay a final dividend of US$ 0.023 per ordinary share (the "Final Dividend").

Shareholders approved the payment of the Final Dividend at the Annual General Meeting ("AGM') of the Company held on 30 June 2020.

The Final Dividend amounts to approximately US$2million, making the total dividend paid to shareholders for the financial year ended 31 December 2019 approximately US$4million.

This announcement confirms the US Dollar / GBP Sterling exchange rate applicable for the Final Dividend.

            Dividend declared                                  Exchange Rate               Dividend paid in GBP Sterling 

US$ 0.023 per ordinary share 1.2575 GBP 0.01829026 per ordinary share

The Final Dividend will be paid on 28 July 2020 to shareholders who were on the register at the close of business on 10 July 2020.

The Company's issued share capital currently consists of 87,158,508 ordinary shares in issue and 22,894,565 ordinary shares in treasury.

ENDS

 
 
   Contacts 
 
 TSG 
 Stewart Dickson                                   +44 (0) 7799 694195 
 Arden Partners plc 
 Paul Shackleton (Corporate Finance) 
  Tim Dainton / Fraser Marshall (Equity Sales)    +44 (0) 207 614 5900 
 Hudson Sandler (Financial PR)                    +44 (0) 207 796 4133 
 Charlie Jack / Katerina Parker / Elfreda 
  Kent 
 

About TSG

TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.

Additional information , including figures and tables from this press release, is available from the Company's website: www.trans-siberiangold.com

Market Abuse Regulations

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Disclaimer

This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

July 20, 2020 02:00 ET (06:00 GMT)

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