Notice of Annual General Meeting
London, United Kingdom, 24 May 2017 – Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, is pleased to announce that the Company’s Annual General Meeting (“AGM”) will be held at Celtic Resources Holdings Limited, Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey, KT22 9HD on Friday 16 June 2017 at 12 noon BST.
Notice of AGM and related documents (including proxy forms) are now available on the Company’s website at www.nordgold.com.
Nordgold has submitted the Notice of AGM and Proxy Forms to the UK National Storage Mechanism.
Nordgold’s dividend policy is to target a payout ratio of 30% of normalised net profit attributable to shareholders. The application of this policy would have generated a total payout of US$66.9 million for the year ended December 31, 2016. As Nordgold has already declared and paid US$66.9 million in interim dividends to shareholders in respect of 2016, the Board of Directors has decided not to recommend any further or final dividend for the year ended December 31, 2016 at the Annual General Meeting.
Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2016, Nordgold produced 869 koz of gold.
Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.
For further information, please contact:
Head of Media Relations
Tel: +7 495 644 4473
Tel: +44 (0) 20 7250 1446