13 Dec 2017 07:00
HIGHLAND GOLD MINING LIMITED
13 December 2017
Board of Directors Adopts Dividend Policy
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today announces that the Company's Board of Directors has adopted a Dividend Policy as follows:
· Highland Gold Mining aims to pay a dividend that takes into account the Company's cash generation, profitability, balance sheet strength, and capital investment requirements.
· The Company anticipates total dividend payout for each financial year will be 20% of Net Cash Flow from Operating Activities.
· The Board may recommend the distribution of additional cash on the balance sheet through increased or special dividends should those funds not be required for capital expenditure or debt repayment.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Highland Gold Mining Ltd.
| John Mann, Head of Communications + 7 495 424 95 21 Duncan Baxter, Non-Executive Director + 44 (0) 1534 814 202 |
Numis Securities Limited (Nominated Adviser and Joint Broker) | John Prior, James Black, Paul Gillam +44 (0) 207 260 1000
|
BMO Capital Markets (Joint Broker) | Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette +44 (0) 207 236 1010 |
Peat & Co (Joint Broker) | Charlie Peat +44 (0) 207 104 2334 |
HGM.L (HGM)