5th Sep 2005 16:13
Peter Hambro Mining PLC05 September 2005 5 September 2005 Cancellation of Share Premium Account Peter Hambro Mining plc ("PHM") announces that, further to the approval ofshareholders at the Company's Annual General Meeting on 21 June 2005 andsanction by the Court. PHM has received notification that, effective 25 August2005, the amount standing to the credit of the share premium account of theCompany has been cancelled. The cancellation of the share premium account has resulted in the creation of aspecial reserve which is intended to be used to eliminate the present deficit onthe Company's profit and loss account. In turn, elimination of this deficit willremove a barrier to payment of dividends by PHM, if the Directors consider itappropriate for the Company to do so. Enquiries: Alya Samokhvalova / Marianna Adams +44 (0) 207 201 8900Peter Hambro Mining www.peterhambro.com David Simonson / Tom Randell +44 (0) 207 653 6620Merlin This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
POG.L