Dividend
The Company's dividend policy is that it will return a minimum of 20% of the gross revenues generated from the Kounrad project to shareholders.
As part of these annual results, the Board will propose a final dividend for 2015 of 8 pence per Ordinary Share, making a total dividend for the year of 12.5 pence (2014: 12.5 pence). This dividend equates to approximately 30% of the gross revenue for the year and will be payable on 15 June 2016 to shareholders registered on 20 May 2016.
Having raised $60 million at IPO in September 2010, this latest dividend will increase the amount returned to shareholders in dividends and share buy-backs since the listing to over $73 million.
