Eurasia Mining PLC Dividend Policy Adopted by the Board (5730X)
06 Enero 2022 - 12:59AM
UK Regulatory
TIDMEUA
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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