The Board of Directors (the “Board”) of PJSC Polyus (MOEX — PLZL) (“Polyus”, or the “Company”) on October 23, 2024 made a decision to recommend shareholders to approve the dividend payment based on the results of 9 months of 2024 in the amount of RUB1,301.75 per ordinary share and to set December 13, 2024 as the record date for persons entitled to dividends declared.
The recommended dividend amount and dividend record date is subject to approval by the Company’s Extraordinary General Meeting of Shareholders (the “EGM”) convened on December 2, 2024.
If the EGM decides to approve the amount of dividends for 9 months of 2024 recommended by the Board, the total amount of dividends based on the current number of outstanding shares (excluding shares held by the Company's subsidiaries) could amount to 30% of the Company`s adjusted EBITDA for the last four quarters (9M 2024 and 4Q 2023), which is in line with Polyus' current dividend policy.
Polyus
Polyus is the fourth largest gold producer in the world in terms of production and has one of the world's largest gold reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Investor and Media contact
Capital Markets Department
+7 (495) 641 33 77
IR@polyus.com
Forward-looking statements
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.