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Highland Gold defers payout amid takeover

Fortiana takes Roman Abramovich and Eugene Shvidler's stakes and wants more, although dividend payback requirement and little premium leave investors in the lurch
September 2, 2020

Highland Gold Mining (HGM) has held off handing investors a half-year dividend because it is in the midst of a takeover. The terms of the offer by Fortiana, controlled by Russian businessman Vladislav Sviblov, means that any amount paid to shareholders would come out of the sale price, as laid out on 31 July in the formal document.

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