15 Jul 2020 15:52
Press Release 15 July 2020
PJSC Polyus
Notice of 2H 2019 Dividend Recommendation and 2019 AGM
2H 2019 Dividend Recommendation
The Board of Directors (the "Board") of PJSC Polyus (LSE, MOEX - PLZL) ("Polyus", or the "Company") is recommending the dividends for the second half of 2019 in the amount of 244.75 Russian roubles per ordinary share. The dividend is subject to approval by the Company's annual general shareholders' meeting ("AGM") on 18 August 2020.
The dividend amount is equivalent to approximately 3.44 U.S. dollars per ordinary share or 1.72 U.S. dollars per depositary share (with two depositary shares representing interest in one ordinary share).
The total recommended dividend payout for the second half of 2019 will amount to approximately 462 million U.S. dollars[1], which corresponds to 30% of the Company's EBITDA for the respective period.
The dividend record date recommended by the Board is 28 August 2020.
AGM
The Board has resolved to convene the AGM of PJSC Polyus.
Date: 18 August 2020.
Format of the Meeting: Absentee vote.
Ballot submission deadline: 18 August 2020.
Record date (the date of drawing up the list of persons entitled to participate in the AGM): 25 July 2020.
Polyus
Polyus is the largest gold producer in Russia and one of the top five gold miners globally with the lowest cost position. Based on its 2019 Ore Reserves and Mineral Resources, Polyus group ranks the third by attributable gold reserves among the world's largest gold mining companies.
The Polyus group's principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
Investor and Media contactVictor Drozdov, Director Communications & Investor Relations (CIR) Department+7 (495) 641 33 77drozdovvi@polyus.com
Forward-looking statements
This announcement may contain "forward-looking statements" concerning Polyus and/or Polyus Group. Generally, the words "will", "may", "should", "could", "would", "can", "continue", "opportunity", "believes", "expects", "intends", "anticipates", "estimates" or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus' and/or Polyus Group's operations. Many of these risks and uncertainties relate to factors that are beyond Polyus' and/or Polyus Group's ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as of the date of this announcement. Polyus and/or any Polyus Company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.
[1] Based on the currency exchange of the Central Bank of Russia of 71.13 Russian roubles per 1 U.S. dollar as of 15 July 2020.