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Share Name Share Symbol Market Type Share ISIN Share Description
Eurasia Mining Plc LSE:EUA London Ordinary Share GB0003230421 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 7.00 6.50 7.50 7.00 6.75 7.00 2,947,066 11:45:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.9 -3.7 -0.1 - 200

Eurasia Mining PLC Dividend Policy Adopted by the Board

06/01/2022 6:59am

UK Regulatory (RNS & others)


Eurasia Mining (LSE:EUA)
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RNS Number : 5730X

Eurasia Mining PLC

06 January 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.

6 January 2022

Eurasia Mining Plc

Dividend Policy Adopted by the Board

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the Board has adopted the Company's Dividend Policy (the "Policy") further to the requests from Eurasia's shareholders.

The Policy extends the provisions of the Company's Articles on the declaration and payment of a dividend.

The purpose of the Policy is to provide a high degree of transparency to Eurasia shareholders and other interested parties as regards the calculation of the dividend amount and to explain the principles applied by the Board for the preparation of the recommendation to the Company general meeting on the dividend amount.

The Board established that the target dividend amount shall be at least 80% of the Company's adjusted net income (calculated as described in the Policy).

A copy of the Policy is available at http://www.rns-pdf.londonstockexchange.com/rns/5730X_1-2022-1-5.pdf and on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/aim-rule-26

Christian Schaffalitzky, Executive Chairman of Eurasia commented: "The Directors are pleased to approve the Company's Dividend Policy targeted at better governance and transparency, while we are implementing our strategy as announced ".

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements.

For further information, please contact:

 
Eurasia Mining Plc                              +44 (0) 20 7932 0418 
Christian Schaffalitzky / Keith Byrne 
SP Angel (Nominated Advisor and Joint Broker) 
 
 Ewan Leggat / David Hignell / Adam Cowl        +44 (0) 20 3470 0470 
Optiva Securities (Joint Broker) 
 
 Christian Dennis                               +44 (0) 20 3137 1902 
 

About Eurasia Mining Plc

Eurasia Mining plc is a PGM and battery metals producing company, operating the established West Kytlim Mine in the Urals, and also being the operator of the Monchetundra Project comprising two predominantly palladium open pit deposits located 3km away from Severonickel, one of Norilsk Nickel's largest base metals and PGM processing facilities, near the town of Monchegorsk on the Kola Peninsula.

Eurasia's project portfolio also includes Nittis-Kumuzhya-Travyanaya (NKT), Tier-1 scale Nickel mine formerly operated by Norilsk Nickel.

A parallel business development strategy based on the Hydrogen Economy forms a new development arm of the Company.

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END

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(END) Dow Jones Newswires

January 06, 2022 01:59 ET (06:59 GMT)

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