HGM board approves payment of 0.05 pounds/share in Jul–Dec divs

MOSCOW, Dec 13 (PRIME) -- 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 2018, the company said in a statement on Thursday.

The shareholder register for dividends will close on December 21 and the dividend payment date is January 25.

Payments for January–June 2018 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.

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