The board of directors of U.K. Highland Gold Mining (HGM), which operates in Russia, has approved payment of 0.05 British pounds per share in dividends for July-December, the company said in a statement on December 13.
The shareholder register for dividends will close on December 21 and the dividend payment date is January 25, 2019.
Payments for January-June amounted to 0.06 pounds per share.
The board of directors decided against paying dividends in new shares rejecting an earlier shareholders’ decision.
HGM is 43% owned by Board Chairman Yevgeny Shvidler, Roman Abramovich and partners. (Prime/Ukrainian metal)