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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Medusa Mining | LSE:MML | London | Ordinary Share | AU000000MML0 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 97.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMML MEDUSA MINING LIMITED ABN: 60 099 377 849 Unit 7, 11 Preston Street Como WA 6152 PO Box 860 Canning Bridge WA 6153 Telephone: +618-9367 0601 Facsimile: +618-9367 0602 Email: admin@medusamining.com.au Internet:www.medusamining.com.au ANNOUNCEMENT 06 October 2010 CONFIRMATION OF DIVIDEND PAYMENT Further to the announcement on 1 September 2010, the Directors of Medusa Mining Limited ("Medusa" or the "Company") are pleased to advise that at the general meeting of members held this morning the resolution was unanimously passed to amend the Company's Constitution to remove the restriction that dividends can be paid only out of profits of the Company. Accordingly, the Board confirms an unfranked dividend payment of A$0.05 per share which will be paid out of the Company's operating cash flow, and not out of the profits of the Company. The relevant dates for the dividend are as follows: Dividend Record Date : 15 October 2010 Ex-Dividend Date (ASX and AIM purposes) : 11 October 2010 Ex-Dividend Date (TSX purposes) : 12 October 2010 Dividend Payment Date : 8 November 2010 There is no foreign conduit income attributed to the dividend. Managing Director, Geoff Davis said: "It is with a sense of satisfaction that the Board regards today as being a milestone in the Company's growth as it has become a dividend payer. This is the culmination of nearly seven years of work since listing in December 2003 as a small explorer with a market capitalisation of A$5 million. Based on today's share price in a high gold price environment, the Company has a market capitalisation of approximately A$1 billion. This is certainly an achievement of which all stakeholders in Medusa can be proud. The Company considers the payment of this dividend an appropriate way of rewarding the loyalty and commitment of its shareholders." For further information please contact: Australia Medusa Mining Limited +61 8 9367 0601 Geoffrey Davis, Managing Director Roy Daniel, Finance Director United Kingdom Fairfax I.S. PLC +44 (0)20 7598 5368 Nominated Adviser/ Broker Ewan Leggat/Laura Littley Lothbury Financial Services Limited +44 (0)20 7868 2010 Michael Padley/Libby Moss Canada Nicholas Sayce, Investor Relations +1 416 822 4404 [HUG#1449431] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Medusa Mining Ltd via Thomson Reuters ONE
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