Board of Directors Adopts Dividend Policy
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) today announces that the Company's Board of Directors has adopted a Dividend Policy as follows:
- Highland Gold Mining aims to pay a dividend that takes into account the Company's cash generation, profitability, balance sheet strength, and capital investment requirements.
- The Company anticipates total dividend payout for each financial year will be 20% of Net Cash Flow from Operating Activities.
- The Board may recommend the distribution of additional cash on the balance sheet through increased or special dividends should those funds not be required for capital expenditure or debt repayment.
FOR FURTHER INFORMATION PLEASE CONTACT:
|Highland Gold||John Mann, Head of Communications
+ 7 495 424 95 21
Duncan Baxter, Non-Executive Director
+ 44 (0) 1534 814 202
|Numis Securities Limited
(Nominated Adviser and Broker)
|John Prior, James Black,
+44 (0) 207 260 1000
|BMO Capital Markets
|Jeffrey Couch, Neil Haycock,
Pascal Lussier Duquette
+44 (0) 207 236 1010
|Peat & Co
+44 (0) 207 104 2334