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Board of directors of Polymetal to reconsider dividend policy, to share update in May

"As yet, the company has not restored its access to major sources of debt funding and, in the light of this, the Board considers that it would not be prudent to pay dividends for the full year 2023," it said

MOSCOW, March 15. /TASS/. The board of directors of Polymetal will reconsider its dividend policy and share an update in May, with dividends for 2023 not proposed, the company said in a statement on Monday.

"No dividend will be proposed for the full year 2023. Following the recent completion of the divestment of the Russian business, the Board will actively reconsider the dividend policy and intend to share an update in May this year," the statement reads.

"As yet, the Company has not restored its access to major sources of debt funding and, in the light of this, the Board considers that it would not be prudent to pay dividends for the full year 2023. This will allow the Group to maintain both strategic and operating flexibility. The Board will further consider the dividend, as described in Dividends and disposal section above," Senior Independent Non-Executive Director Yevgeny Konovalenko was quoted as saying.

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Ukrainian commander-in-chief reports threats to troops in Zaporozhye Region

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British mercenary claims he was sent to Russia’s Kursk Region against his will

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West beginning to realize only part of Ukraine will remain — Lavrov

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Potential deployment of intermediate-range missiles depends on US moves — Russian diplomat

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UK mercenary taken prisoner in Russia’s Kursk area — source

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Ukrainian forces indiscriminately shoot Selidovo passers-by — Russian envoy

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Press review: Russian air defenses can down Western missiles as EU conducts live exercise

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Pentagon not yet assessed damage caused by use of Russia’s newest Oreshnik missile

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French politician calls for protests against deployment of Western troops to Ukraine

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Zelensky shook up by Russia’s response to permission to attack it — Lavrov

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Russia’s launch of new missile illustrated assured retaliation capability, lawmaker says

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Fire at Tupras oil refinery extinguished

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Senior envoy sees Putin’s statement as signal of Russia’s readiness for military responses

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