RNS Number : 4727Q
Trans-Siberian Gold PLC
30 November 2016
 

 

 

Trans-Siberian Gold plc

 

Special dividend

 

LONDON: 30 November 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reported on 16 November 2016 that the capital reduction involving the cancellation of the Company's share premium account in order to create sufficient distributable profits to facilitate the payment of dividends or other methods by which cash may be returned to shareholders was now in effect.

 

After careful consideration of the Group's current financial resources and its expected cashflow under all reasonable gold price scenarios, TSG is now pleased to announce that its Board has resolved to pay a special dividend equivalent to 5 US cents per ordinary share, amounting to approximately US$5.5 million.

 

A further announcement regarding the sterling value of the special dividend will be made in due course.

 

The key dates for the special dividend are as follows:

 

        Ex-dividend date

8 December 2016

        Record date

9 December 2016

        Payment date

23 December 2016

 

The sellers of any shares sold on or after the ex-dividend date will retain the right to receive the special dividend. Only shareholders on TSG's share register on the record date will receive the special dividend.

 

Ends

 

Contacts

 

TSG

 

 

Contacts

 

TSG

 

Simon Olsen

+ 44 (0) 7770 484965

 

Simon Olsen

+ 44 (0) 1480 811871

+ 44 (0) 7770 484965

 

 

 

 

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

David Porter/Craig Francis/David Foreman (Corporate Finance)

 

David Foreman / Stewart Dickson (Corporate Finance)

 

 

 

Jeremy Stephenson (Corporate Broking)

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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