Highland Gold Mining Limited Board of Directors Adopts Dividend Policy (1264Z)

TIDMHGM

RNS Number : 1264Z

Highland Gold Mining Limited

13 December 2017

HIGHLAND GOLD MINING LIMITED

13 December 2017

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 Mining Ltd.  John Mann, Head of Communications 
                                        + 7 495 424 95 21 
                                        Duncan Baxter, Non-Executive Director 
                                        + 44 (0) 1534 814 202 
 
Numis Securities Limited               John Prior, James Black, Paul Gillam 
 (Nominated Adviser and Joint Broker)   +44 (0) 207 260 1000 
BMO Capital Markets                    Jeffrey Couch, Neil Haycock, Pascal Lussier Duquette 
 (Joint Broker)                         +44 (0) 207 236 1010 
 
Peat & Co                              Charlie Peat 
 (Joint Broker)                         +44 (0) 207 104 2334

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 13, 2017 02:00 ET (07:00 GMT)

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