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December 25, 2012

Russia’s Polyus Gold to pay $0.041/share dividend

Filed under: Uncategorized — sbmzhcn @ 12:22 am

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Polyus Gold said on Monday it would pay a dividend of $0.041 per ordinary share at a total cost of $115 million, following approval by the company’s board.

It did not specify the period, for which these dividends are expected to be paid. A spokesman for Polyus also declined to comment on the payment period. For the first 9 months of 2011 the company paid 26.23 roubles ($0.89) per ordinary share, while for 2010 it paid 19.77 roubles ($0.67) per share. Polyus also said it had extended a $500-million credit facility with Societe Generale by three months in February, with an interest rate increasing to one-month LIBOR plus 2.25 percent. The company added it entered into a three-year $100 million credit facility with HSBC in February, in addition to another three-year 10-billion rouble credit line with VTB opened last month. Earlier on Monday Polyus, partly owned by oligarch Mikhail Prokhorov who…

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