30 Nov 2016 07:00
Trans-Siberian Gold plc
Special dividend
LONDON: 30 November 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reported on 16 November 2016 that the capital reduction involving the cancellation of the Company's share premium account in order to create sufficient distributable profits to facilitate the payment of dividends or other methods by which cash may be returned to shareholders was now in effect.
After careful consideration of the Group's current financial resources and its expected cashflow under all reasonable gold price scenarios, TSG is now pleased to announce that its Board has resolved to pay a special dividend equivalent to 5 US cents per ordinary share, amounting to approximately US$5.5 million.
A further announcement regarding the sterling value of the special dividend will be made in due course.
The key dates for the special dividend are as follows:
Ex-dividend date | 8 December 2016 |
Record date | 9 December 2016 |
Payment date | 23 December 2016 |
The sellers of any shares sold on or after the ex-dividend date will retain the right to receive the special dividend. Only shareholders on TSG's share register on the record date will receive the special dividend.
Ends
Contacts
TSG |
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Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965
| Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 | Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Porter/Craig Francis/David Foreman (Corporate Finance) |
| David Foreman / Stewart Dickson (Corporate Finance) |
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| Jeremy Stephenson (Corporate Broking) |
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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.