Archipelago Resources PLC Dividend Declaration (9843J)
24 Juli 2013 - 8:01AM
UK Regulatory
TIDMAR.
RNS Number : 9843J
Archipelago Resources PLC
24 July 2013
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 +65 6535 +44 20 7523
Matthew Salthouse 3419 8000
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Canaccord Genuity
Limited
Joint Broker
Andrew Chubb
Christopher
Fincken
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Grant Thornton UK
LLP
NOMAD
Philip Secrett +44 20 7383
David Hignell 5100
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Liberum Capital
Limited
Buchanan Joint Broker
Corporate Communication Michael Rawlinson
Bobby Morse +44 20 7466 Christopher +44 20 3100
Gordon Poole 5000 Kololian 2000
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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
The company news service from the London Stock Exchange
END
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