22 Jan 2019 07:00
Trans-Siberian Gold plc
("TSG" or the "Company")
Special Interim Dividend
Trans-Siberian Gold plc (TSG.LN) is pleased to announce that the Board of Directors of the Company has declared a special interim dividend of US$0.052 per share equating to approximately US$5.7 million in aggregate.
The Board's approach to dividend payments is to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength.
The Board will consider its proposal for the final dividend for 2018 ahead of the full year results to be announced by early June 2019.
Alexander Dorogov, Chief Executive Officer of TSG, commented:
"2018 has been a successful year in which we achieved record gold production at the Asacha Gold Mine. Supplementing the interim dividend paid earlier in the financial year, we are pleased to announce an additional special interim dividend and to continue to provide attractive returns to shareholders. TSG will have paid out US$18.5m in dividends in a little over 2 years and is well positioned for higher levels of gold production and value creation in 2019".
Key dates:
Ex-Dividend date: 31 January 2019
Record date: 01 February 2019
Payment date: 28 February 2019
Payments in pounds sterling will be based on the US$/GBP exchange rate to be determined by the Company and announced shortly.
The Company's issued share capital consists of 110,053,073 ordinary shares
ENDS
Contacts:
TSG |
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Stewart Dickson | +44 (0) 7799 694195
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Porter
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About TSG
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia.
Additional information is available from the Company's website: www.trans-siberiangold.com
Market Abuse Regulations
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.
Disclaimer
This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.