Final dividend declaration of US$ 0.52 per share

Polymetal announces that the Board of Directors of the Company has recommended the payment of a final dividend of US$ 0.52 per share for the year ended 31 December 2021.

Dividend declaration

A final dividend of US$ 0.52 per share (2020: US$ 0.89 per share) or approx. US$ 246 million in total representing 50% of the Group’s underlying net earnings for 2H 2021 has been proposed by the Board in accordance with Polymetal’s dividend policy. This brings the total dividend declared for the FY 2021 to US$ 0.97 per share (2020: US$ 1.29 per share) or approx. US$ 459 million (2020: US$ 608 million).

The final dividend will be subject to shareholder approval at the Annual General Meeting of the Company to be held on 25 April 2022. Assuming shareholder approval is received, the dividend will be paid on 27 May 2022 in US Dollars, with an option for shareholders to elect to receive the dividend in pounds sterling or euro. Such an election should be made no later than 10 May 2022. Payments in pounds sterling and euro will be based on the USD/GBP and USD/EUR exchange rates determined by the Company on 13 May 2022 and announced immediately thereafter.

Details

EX DIV DATE:                                                05 May 2022

RECORD DATE:                                            06 May 2022

LAST DATE FOR CURRENCY ELECTION:    10 May 2022

PAYMENT DATE:                                             27 May 2022

The Company’s issued share capital comprises 473,626,239 ordinary shares.