Altyn PLC Altyn transparency disclosure 2016 (5918W)
November 15 2017 - 6:52AM
UK Regulatory
TIDMALTN
RNS Number : 5918W
Altyn PLC
15 November 2017
Altyn Plc
("Altyn" or the "Company")
Altyn transparency disclosure 2016
The Reports on Payments to Governments Regulations (UK
Regulations) requires UK companies in the extractive sectors to
publically disclose payments made to governments in the countries
where they undertake extractive operations.
Altyn's sole country of operation is Kazakhstan. The payments
made by Altyn plc and its subsidiaries during the period to
December 2016 are shown in US dollars in the table below:
Licence / Royalties Income Bonus Licence Infrastructure Total
company taxes fees improvements
--------------- ---------- -------- -------- -------- --------------- ----------
Altyn plc 0 0 0 0 0 0
--------------- ---------- -------- -------- -------- --------------- ----------
DTOO GRP
Baurgold 608,000 114,000 0 175,000 0 897,000
--------------- ---------- -------- -------- -------- --------------- ----------
TOO GMK Altyn
MM 92,000 0 127,000 0 0 219,000
--------------- ---------- -------- -------- -------- --------------- ----------
Total 700,000 114,000 127,000 175,000 0 1,116,000
--------------- ---------- -------- -------- -------- --------------- ----------
All payments are made on a cash basis and payments are recorded
in US dollars using the rate of exchange at the date the payments
were made.
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra
+44 (0) 207 932 2456
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the standard segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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