Press releases

MDM project pipeline shift

MDM Interim Dividend Conversion

23 December 2010

In the announcement by MDM Engineering Group Limited (AIM:MDM) of its results for the six months ended 30 September 2010 published on 6 December 2010, the Company declared an interim dividend of US$ 0.50c per share.

For those shareholders of the Company who have elected to receive their dividend in Pounds sterling, as opposed to US dollars, an exchange rate of US$1.5534 to GB£1 will be used for the conversion.  This is the exchange rate as of Friday, 17 December 2010 and will result in a dividend payment of 0.32 pence per share.

The record date for the dividend was 17 December 2010 and payment is expected on 14 January 2011.

Key Information:

MDM Engineering Group Limited is a minerals process and project management company focused on the mining industry. The Company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. To date, the Company's clients have largely been junior and mid-tier mining corporations with operations in Africa.

The MDM Engineering core technical team has a 22 year track record of completing a wide range of studies and execution projects across a variety of minerals, including precious metals, base metals, ferrous and non-ferrous metals, uranium and diamonds.

The Company has adopted an approach to project execution based on an open-book Engineering, Procurement, Construction Management ("EPCM" or ";cost-plus") basis. With a core focus on Africa, MDM Engineering is setting the benchmark standard for best practice in the mining services industry through its commitment to providing the highest quality services and actively engaging with clients to ensure maximum transparency.

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
Tel: +27 (0) 11 993 4300

George Bennett (Executive Director)
Tel: +27 (0) 11 993 4300

Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Collins Stewart Europe Limited

Adrian Hadden
Tel: +44 (0)20 7523 8350

John Prior
Tel: +44 (0)20 7523 8350

 

Register for alerts

  • E-mail:
  • Remove me