4 Jun 2019 17:32

Only 1% of Highland Gold shareholders want dividends in shares

MOSCOW. June 4 (Interfax) - The holders of 3,628,719 shares or around 1% of share capital in Highland Gold Mining (HGM) have expressed a preference for receiving 2018 dividends in the form of shares, the miner said.

Highland Gold will issue 53,549 new shares (0.014%) for settlements with these shareholders and will have 363,896,990 issued shares as a result.

The HGM board previously approved a 2018 dividend of GBP0.024 per share with payment on June 7. Shareholders were offered the chance to receive dividends in the form of shares for the first time.

UK-registered Highland Gold's main projects are located in the Khabarovsk territory, Trans-Baikal, Chukotka and Kyrgyzstan. Roman Abramovich, Eugene Shvidler, and their associates and affiliated firms control 43.77% of the company.