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Polyus Gold Int Ltd (PLGL)

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Thursday 03 May, 2012

Polyus Gold Int Ltd

Dividend Policy Approved

RNS Number : 6864C
Polyus Gold International Ltd
03 May 2012
 



For immediate release                                                                                            3 May 2012

 

Polyus Gold International Limited

 

Dividend Policy

 

Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY, PGIL or the "Company"), the largest gold producer in Russia, announces that its Board of Directors has approved the Company's Dividend Policy.

 

The Company aims to pay dividends in the aggregate amount of a minimum of 20 per cent of the Company's net profit calculated in accordance with International Financial Reporting Standards (IFRS) per annum.

 

In developing recommendations on the amount of dividends to be paid to shareholders annually, and the corresponding part of the net profit to be allocated to such dividend payments, the Board will take into account the need to balance funding of growth projects and the payment of dividends, including any limitations imposed by the production, investment and other financial needs of the Company, the Company's debt position and any tax legislation applicable to the Company.

 

 

Enquires:

 

Investor contact

Mikhail Seleznev, Director Investor Relations and Capital Markets

+44 (0) 208 528 14 50 ir@polyusgold.com

 

Media contact

Sergey Lavrinenko, Director Communications

+44 (0) 203 585 35 37 lavrinenkosn@polyusgold.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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