Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces the publication of its Notice of Annual General Meeting and confirms details of the timetable for payment of the proposed final dividend for the financial year ended 31 December 2018.
The Company’s Annual General Meeting will be held at 11.00 a.m. (UK time) on 27 June 2019 at the offices of Hudson Sandler LLP, 25 Charterhouse Square, London EC1M 6AE.
Copies of the Company’s Annual Report and Accounts, and the Notice of Annual General Meeting have been posted to shareholders. These documents are also available on the Company’s website at http://www.trans-siberiangold.com/.
Following the announcement of the Company’s Final Results, in which the Board announced that it is recommending to pay a final dividend of 0.9 US cents per ordinary share, the Company confirms the proposed dividend would increase to 1.136 US cents per ordinary share subject to the completion of the buyback (as treasury shares will not be paid a dividend).
The timetable for the payment of the final dividend is as follows:
Ex-Dividend date: 11 July 2019
Record date: 12 July 2019
Payment date: 09 August 2019
The proposed final dividend payable amounts to approximately US$1 million, making the total dividend paid to shareholders for the financial year ended 31 December 2018 approximately US$7.7 million.
Payment of the final dividend remains subject to shareholder approval at the Company’s Annual General Meeting.
Payments in pounds sterling will be based on the US$/GBP exchange rate to be determined by the Company and announced shortly.
The Company’s issued share capital currently consists of 110,053,073 ordinary shares.
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Tim Dainton / Fraser Marshall (Equity Sales)
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Hudson Sandler (Financial PR)
Charlie Jack / Katerina Parker
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TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Group also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.
Additional information is available from the Company’s website: