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24 July 2013
AIM: AR.
Archipelago Resources plc
("Archipelago" or "the Company")
Dividend Declaration - Inaugural Dividends and Interim Dividend
Archipelago (AIM:AR.) is pleased to confirm the record date and payment date for various declared dividends.
Financial Year ended 31 December 2012
On 11 March 2013 and in respect of the financial year ended 31 December 2012, the Company announced an intention to pay (i) an inaugural dividend of 1.25p per ordinary share; and (ii) a further one-off "special dividend" of 1p per ordinary share ("2012 Inaugural Dividends"). The formal declaration of the Inaugural Dividends was subject to completion of various corporate events, as outlined in the announcement dated 5 July 2013. These have all now been resolved.
Accordingly, the Company is pleased to announced that the 2012 Inaugural Dividends will be payable on 30 August 2013 to ordinary shareholders on the register as at 2 August 2013, with a corresponding ex-dividend date of 31 July 2013.
Half Year ended 30 June 2013
In addition to the 2012 Inaugural Dividends and as announced earlier today in conjunction with the release of the financial results for the 6 months ended 30 June 2013, the Company is also pleased to declare an interim dividend of 0.5p per ordinary share ("2013 Interim Dividend").
The 2013 Interim Dividend will be payable on 27 September 2013 to ordinary shareholders on the register as at 13 September 2013, with a corresponding ex-dividend date of 11 September 2013.
Both the 2012 Inaugural Dividends and 2013 Interim Dividend are declared in accordance with the Company's intention of paying dividends which in total equal at least 10% of operating cash flows for a given period.
FURTHER INFORMATION
Archipelago Resources plc President - Corporate Strategy
Matthew Salthouse |
+65 6535 3419 |
Canaccord Genuity Limited Joint Broker
Andrew Chubb
Christopher Fincken |
+44 20 7523 8000 |
Grant Thornton UK LLP NOMAD
Philip Secrett
David Hignell |
+44 20 7383 5100 | ||
Liberum Capital Limited Joint Broker
Michael Rawlinson
Christopher Kololian |
+44 20 3100 2000 | ||
Buchanan Corporate Communication
Bobby Morse
Gordon Poole |
+44 20 7466 5000 |
ABOUT ARCHIPELAGO
Archipelago is a producing mining company listed on the AIM market of the London Stock Exchange. Archipelago's vision is to grow into a respected and regionally dominant mid-cap gold producer, managing a
portfolio of gold mines and delivering significant value and returns for our shareholders. Archipelago's principal activities are gold mining and exploration in Indonesia (as the 95% owner of the producing Toka Tindung Gold Mine in North Sulawesi, Indonesia). In 2013, Archipelago expects to produce between 140,000 and 155,000 Au Eq oz at a cash cost of between US$620 and US$680 per ounce (net of silver credits).
This information is provided by RNS
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