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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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54 countries vote against resolution on combating ne-Nazism

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Thailand receives invitation to become BRICS partner country — diplomatic source

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Israel reports eliminating most of Hezbollah arms production sites near Beirut

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Over 1,000 dead seals found on Caspian coast in Kazakhstan

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Medvedev warns that EU behavior in struggle with Russia fraught with 'bad scenario'

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Top Russian security official hails strategic cooperation with China

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Trump may be set to change US course on global conflicts, Russian envoy believes

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Climate policy should be based on common sense, not ideology — Orban

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22 international flights canceled due to Bali volcano eruption

The eruption of Mount Lewotobi began on November 4

Kiev should sign peace treaty, but this will spell end of grift for many, billionaire says

"The longer the war goes on, the more territory Ukraine will lose," David Sacks added

Hezbollah reports over 100 Israeli troops eliminated in south Lebanon since October 1

According to the Lebanon-based Shiite party, 1 000 more were wounded

Russian forces steadily advance on Boguslav direction — Belousov

The Russian Defense Minister congratulated the command and the personnel of the 153rd Armored Regiment with the liberation of the settlement of Kolesnikovka

Extension of conflict not in Ukraine’s interest — analyst

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Italian producer announces two collaborative projects with Russia

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Lavrov to lead Russia’s delegation to G20 summit in Brazil

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Russian senator slams candidate for German chancellorship’s remarks as irresponsible

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Russia, China reach historic level of economic cooperation — lawmaker

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Russia keeps building defense capacity despite conflict in Ukraine — Polish general

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Russian PM to attend UN Climate Change Conference in Baku

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Japan remains ready to sign peace treaty with Russia — top diplomat

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Houthis say they attacked US aircraft carrier in Arabian Sea

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