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Saracen Mineral Holdings Provides Update on Special Dividend

12 Jan 2021  |  20:18:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on Special Dividend

Saracen Mineral Holdings referred to the announcements made in connection with the proposed scheme of arrangement pursuant to which Northern Star Resources (NST) will acquire all of the shares in Saracen (Scheme). The directors of Saracen unanimously recommend that shareholders approve the Scheme in the absence of a superior proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interests of Saracen shareholders. The Company advised that it has determined to pay a fully franked special dividend to Saracen shareholders of A$0.038 per share (Special Dividend), conditional upon the Scheme becoming effective. If the Scheme becomes effective, the Special Dividend will be paid on 11 February 2021, with a record date of 3 February 2021.

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