PJSC Polyus (LSE, MOEX — PLZL) («Polyus», or the «Company»), the largest gold producer in Russia, announces that the Company’s annual general shareholders’ meeting, held on 30 June 2017, approved the payment of dividends for the financial year ended on 31 December 2016 in the amount of 20,062,843,800 Russian roubles (which is equivalent to 354,000,000 U.S. Dollars based on the currency exchange rate of the Central Bank of Russia of 56,6747 Russian roubles per 1 U.S. Dollar as of 7 June 2017 when the amount of dividends was recommended by the Board of Directors of Polyus).
Dividends will be paid in Russian roubles to shareholders that held the ordinary shares of the Company (the «Shares»), including the newly-issued ordinary shares of the Company placed through an open subscription under Russian law («New Shares»), as of the end of trading on 17 July 2017 (the «Dividend Record Date»).
Taking into account the expected number of Shares, including the New Shares, that will be outstanding as of the Dividend Record Date, the dividend rate per Share, including any New Share, is expected to constitute 152,41 Russian roubles (which is equivalent to approximately 2,53 U.S. Dollars per Share or approximately 1,27 U.S. Dollars per each Regulation S and Rule 144A Global Depositary Share and each Level I American Depositary Share, totaling approximately 332,280,716 U.S. Dollars, in each case based on the currency exchange of the Central Bank of Russia of 60,3792 Russian roubles per 1 U.S. Dollar as of 10 July 2017).
Polyus (www.polyus.com) is the largest gold producer in Russia and one of the top 10 gold miners globally with the lowest cost position. Based on its 2016 Ore Reserves and Mineral Resources, Polyus ranks second by attributable gold reserves and third by attributable gold resources among the world’s largest gold mining companies.
Polyus group’s principal operations are located in Krasnoyarsk, Irkutsk and Magadan regions and the Sakha Republic (Yakutia).
Victor Drozdov, Director Investor Relations
7 (495) 641 33 77 email@example.com
Victoria Vasilyeva, Director Public Relations
7 (495) 641 33 77 firstname.lastname@example.org
Forward looking statement
This announcement may contain «forward-looking statements» concerning Polyus and/or Polyus group. Generally, the words «will», «may», «should», «could», «would», «can», «continue», «opportunity», «believes», «expects», «intends», «anticipates», «estimates» or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.