26 August 2021
Polymetal is pleased to announce that the Board of Directors of the Company has resolved to pay an interim dividend of US$ 0.45 per share for the six months ended 30 June 2021.
In accordance with the Company’s dividend policy, the Directors of Polymetal have resolved to pay an interim dividend of US$ 0.45 per ordinary share (approx. US$ 213 million) for the six months ended 30 June 2021 (1H 2020: US$ 0.40), representing 50% of the Group’s underlying net income for the H1 2021 and in compliance with the hard ceiling of Net debt/Adjusted EBITDA ratio below 2.5x.
This will bring the total dividend declared in 2021 to US$ 1.34 per ordinary share, or US$ 634 million and the year-to-date dividend yield to 6.1% (based on an average share price).
The dividend will be paid on 30 September 2021 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 14 September 2021. Payments in pounds sterling and Euro will be based on the USD/GBP and USD/EUR exchange rates determined by the Company on 17 September 2021 and announced immediately thereafter.
EX DIV DATE: 09 Sep 2021
RECORD DATE: 10 Sep 2021
LAST DATE FOR CURRENCY ELECTION: 14 Sep 2021
PAYMENT DATE: 30 Sep 2021
The Company’s issued share capital comprises 473,576,257 ordinary shares.