Polymetal International plc: Final dividend declaration of US$ 0.31 per share

Dow Jones received a payment from EQS/DGAP to publish this press release.

Polymetal International plc (POLY) 
Polymetal International plc: Final dividend declaration of US$ 0.31 per 
share 
 
11-March-2019 / 10:02 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Release time IMMEDIATE LSE, MOEX: POLY / ADR: AUCOY 
Date         11 March 2019 
 
Polymetal International plc 
 
Final dividend declaration of US$ 0.31 per share 
 
        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$ 0.31 per share for the year ended 31 December 2018. 
 
Dividend declaration 
 
 
           A final dividend of US$ 0.31 per share (approx. US$ 146 million) 
representing 50% of the Group's underlying net earnings for 2H 2018 has been 
proposed by the Board in accordance with the dividend policy while complying 
         with the hard ceiling of Net debt/Adjusted EBITDA ratio below 2.5x. 
 
      This will bring the total dividend declared for the FY 2018 to US$ 223 
  million (2017: US$ 196 million), or US$ 0.48 per share (2017: US$ 0.44 per 
    share) and the dividend yield to 5% calculated based on an average share 
         price in 2018. The 3-year average dividend yield now amounts to 4%. 
 
    The final dividend will be subject to shareholder approval at the Annual 
        General Meeting of the Company to be held on 23 April 2019. Assuming 
  shareholder approval is received, the dividend will be paid on 24 May 2019 
      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 13 May 2019. Payments in pounds sterling and euro will be based 
   on the USD/GBP and USD/EUR exchange rates determined by the Company on 15 
           May 2019 and announced immediately thereafter. 
 
Details 
 
 
EX DIV DATE: 09 May 2019 
 
RECORD DATE: 10 May 2019 
 
LAST DATE FOR CURRENCY ELECTION: 13 May 2019 
 
PAYMENT DATE: 24 May 2019 
 
   The Company's issued share capital comprises 469,368,309 ordinary shares. 
 
           About Polymetal 
 
Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its 
      subsidiaries - "Polymetal", the "Company", or the "Group") is a top-20 
 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 
 
FTI          [phone]  Polymetal [e-mail] 
Consulting   1000 
 
                          Eugenia   [phone] (UK) 
Leonid Fink               Onuschenk 
                          o 
 
Viktor 
Pomichal                  Timofey 
                          Kulakov 
                                    [phone] (Russia) 
 
                          Michael 
                          Vasiliev 
 
Joint Corporate Brokers 
 
Morgan       [phone]  RBC       [phone] 
Stanley      8000         Europe 
                          Limited 
 
Andrew 
Foster                    Tristan 
                          Lovegrove 
 
Richard 
Brown                     Marcus 
                          Jackson 
 
Panmure 
Gordon       [phone] 
             2500 
 
Charles 
Lesser 
 
James 
Stearns 
 
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. 
 
ISIN:          JE00B6T5S470 
Category Code: DIV 
TIDM:          POLY 
Sequence No.:  7761 
EQS News ID:   785789 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

March 11, 2019 03:02 ET (07:02 GMT)