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HGM Highland Gold Mining Ld

299.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Highland Gold Mining Ld LSE:HGM London Ordinary Share GB0032360173 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 299.60 299.80 300.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Highland Gold Mining Limited Board of Directors Adopts Dividend Policy (1264Z)

13/12/2017 7:00am

UK Regulatory


Highland Gold Mining Ld (LSE:HGM)
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RNS Number : 1264Z

Highland Gold Mining Limited

13 December 2017

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.

***

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               John Prior, James Black, Paul Gillam 
 (Nominated Adviser and Joint Broker)   +44 (0) 207 260 1000 
BMO Capital Markets                    Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette 
 (Joint Broker)                         +44 (0) 207 236 1010 
 
Peat & Co                              Charlie Peat 
 (Joint Broker)                         +44 (0) 207 104 2334 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 13, 2017 02:00 ET (07:00 GMT)

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