Highland Gold Mining Limited Results of Scrip Dividend Election (1117B)
June 04 2019 - 8:04AM
UK Regulatory
TIDMHGM
RNS Number : 1117B
Highland Gold Mining Limited
04 June 2019
HIGHLAND GOLD MINING LIMITED
04 June 2019
Results of Scrip Dividend Election
Highland Gold Mining Limited ("Highland Gold" or the "Company",
AIM: HGM) today announces the results of the Scrip Dividend
election for the interim dividend of GBP0.024 per share to be paid
to shareholders on 7 June 2019.
The Company received Scrip Dividend elections with respect to
3,628,719 shares representing approximately 1% of the Company's
total issued share capital. This will result in the issue of 53,549
new ordinary shares of GBP0.001 each (approximately 0.014% of the
current issued share capital), based on a value of GBP1.626 per
share as announced by the Company on 2 May 2019.
Highland Gold has applied for admission of these new shares to
trading on the AIM Market of the London Stock Exchange at 8.00am on
7 June 2019. Share certificates will be posted to certificated
shareholders who elected for scrip dividend shares, while
shareholders holding shares in CREST who elected for scrip dividend
shares will have their CREST accounts credited directly on 7 June
2019.
Following the issue of these shares, the issued share capital of
Highland Gold will be 363,896,990 ordinary shares of GBP0.001 per
share. This number may be used by Highland Gold shareholders as the
denominator for calculations by which they will determine if they
are required to notify of their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
The Scrip Dividend alternative was offered in accordance with
the Company's Scrip Dividend Scheme as approved by shareholders at
the Annual General Meeting on 24 May 2018. Details of the scheme
are available on the Company's website at www.highlandgold.com.
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 +44 (0) 207 260 1000
Broker)
BMO Capital Markets Limited Jeffrey Couch, Tom Rider, Pascal Lussier
(Joint Broker) Duquette
+44 (0) 207 236 1010
Peat & Co Charlie Peat
(Joint Broker) +44 (0) 207 104 2334
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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