(Alliance News) - Eurasia Mining PLC has announced it has adopted a dividend policy, after requests from shareholders.
The Russia-focused mining company hopes the policy will provide a higher degree of transparency to shareholders and other interested parties into how dividends are calculated. The board has said the target dividend amount will be 80% of Eurasia's adjusted net income.
Eurasia's stock price rose 12% to 25.15 pence on Thursday afternoon in London.
Christian Schaffalitzky, executive chairman of Eurasia said: "The directors are pleased to approve the company's dividend policy targeted at better governance and transparency, while we are implementing our strategy as announced".
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Eurasia Mining (EUA)