Trans-Siberian Gold PLC Special Interim Dividend (6842N)
22 Gennaio 2019 - 8:00AM
UK Regulatory
TIDMTSG
RNS Number : 6842N
Trans-Siberian Gold PLC
22 January 2019
Trans-Siberian Gold plc
("TSG" or the "Company")
Special Interim Dividend
Trans-Siberian Gold plc (TSG.LN) is pleased to announce that the
Board of Directors of the Company has declared a special interim
dividend of US$0.052 per share equating to approximately US$5.7
million in aggregate.
The Board's approach to dividend payments is to maintain a
balance between sustainable and attractive shareholder returns,
investment in growth opportunities and balance sheet strength.
The Board will consider its proposal for the final dividend for
2018 ahead of the full year results to be announced by early June
2019.
Alexander Dorogov, Chief Executive Officer of TSG,
commented:
"2018 has been a successful year in which we achieved record
gold production at the Asacha Gold Mine. Supplementing the interim
dividend paid earlier in the financial year, we are pleased to
announce an additional special interim dividend and to continue to
provide attractive returns to shareholders. TSG will have paid out
US$18.5m in dividends in a little over 2 years and is well
positioned for higher levels of gold production and value creation
in 2019".
Key dates:
Ex-Dividend date: 31 January 2019
Record date: 01 February 2019
Payment date: 28 February 2019
Payments in pounds sterling will be based on the US$/GBP
exchange rate to be determined by the Company and announced
shortly.
The Company's issued share capital consists of 110,053,073
ordinary shares
ENDS
Contacts: TSG
Stewart Dickson +44 (0) 7799 694195
+44 (0) 207 894
Cantor Fitzgerald Europe 7000
David Porter
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.
Additional information 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
DIVBLGDBSDDBGCB
(END) Dow Jones Newswires
January 22, 2019 02:00 ET (07:00 GMT)
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