Amigo Resources PLC
24 August 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
FOR IMMEDIATE RELEASE
24 August 2026
Amigo Resources PLC
("Amigo" or the "Company")
Letter to Update Shareholders from Craig Ransley, Executive Chair
- Adoption of Dividend Policy
G'day All!
Following my previous update to you on 31 July 2026, where I detailed our transition into an active, production-ready mining house, I am writing today to announce another key milestone.
As promised in my last letter, we are focused on transforming Amigo into a free cash flow generative gold producer in the shortest possible term.
The Board has formally adopted our first dividend policy.
Our target under this new policy is clear: to deliver our inaugural dividend within the next 12 months.
We have established a robust policy framework to support this, which is appended to this announcement. We set out with a clear mandate to build a company that prioritises the interests of its actual owners. This policy adoption aligns directly with making Amigo a premier, dividend-producing mining company.
I look forward to the exciting times ahead as we scale our gold processing operations. Our team will keep you updated, and I look forward to letting you know the moment we are in a position to distribute our first dividend.
As I have stressed before, our leadership team are operators focused on real results on the ground. We are shareholders ourselves, meaning our interests are fully aligned with yours. We are here to mine the resource in the ground rather than mining the share market.
To support this policy while avoiding equity dilution, we remain committed to a disciplined funding strategy, keeping capital-raising requirements at the project subsidiary level. This ensures that as Tanzanian operations scale up, the resulting cash flows are directed into the vault and ultimately back to you as dividends.
Thank you for your continued support as we put gold in the vault and build a world-class, yield-producing platform.
Adios Amigos!
Yours sincerely,
Craig Ransley
Executive Chair
Amigo Resources PLC
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. The Company has implemented its disclosure controls and procedures in connection with this announcement. The Company confirms that, upon publication of this announcement, this inside information is now considered to be in the public domain.
Contacts:
|
Amigo Resources PLC |
investors@amigo.me |
|
Craig Ransley |
Executive Chair |
|
Nathan Boom |
Chief Executive Officer |
|
Corporate Broker |
Shore Capital 020 7408 4090 |
About Amigo Resources PLC
Amigo is a public limited company registered in England and Wales with registered number 10024479. Amigo is focussed on gold, Platinum Group Metals (PGMs), and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania. The Amigo Shares are listed on the Official List of the Financial Conduct Authority and traded on the Main Market of the London Stock Exchange.
Important Notice & Caution Regarding Forward-Looking Statements
This announcement is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell, or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.
This announcement contains forward-looking statements concerning Amigo Resources PLC. Forward-looking statements are not statements of historical fact, and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties, and other factors. Forward-looking statements in this document are based on Amigo's beliefs, opinions, and estimates as of the dates the forward-looking statements are made, and no obligation is assumed to update forward-looking statements if these beliefs, opinions, or estimates should change or to reflect other future developments.
Dividend Policy
1 Overview
This Dividend Policy (Policy) sets out the position of Amigo Resources PLC (the Company) in relation to the declaration and payment of dividends from distributable profits, in accordance with the Companies Act 2006. This Policy provides general guidance only and does not constitute a commitment to pay dividends.
2 Declaration and Payment of Dividends
(a) The declaration and payment of dividends is at the discretion of the Board of Directors of the Company (the Directors):
(i) Interim dividends may be declared by the Directors at any time.
(ii) Final dividends may only be paid following shareholder approval at a general meeting.
(b) The Policy of the Company is to distribute to shareholders a portion of distributable profits, subject to the Directors assessment of:
(i) the recognition of profit and availability of cash for distribution;
(ii) any banking or other funding requirements by which the Company is bound from time to time;
(iii) the operating and investment needs of the Company;
(iv) working capital requirements for the Company and its subsidiaries;
(v) the anticipated future growth and earnings of the Company;
(vi) provisions of the Company's Articles of Association; and
(vii) any relevant applicable laws.
(c) The Policy of the Company in relation to dividends is as follows:
(i) The Company proposes, but does not commit, to consider paying dividends on a semi-annual basis:
(ii) The Directors will endeavour, where appropriate, to maintain a dividend payout ratio of between 40% and 80% of net profit after tax attributable to the Company, subject to the considerations outlined above.
(iii) The Board retains full discretion to vary or suspend dividends at any time.
(iv) All dividends will comply with the London Stock Exchange Dividend Procedure Timetable.
(d) The Directors shall be responsible for all resolutions on the declaration and payment of dividends and will formally record such decisions in Directors minutes, including confirmation of available distributable profits.
(e) The Board of Directors provide no guarantee as to:
(i) the extent of future dividends; and
(ii) the tax treatment of such dividends.
(f) The Company will not declare any dividend where prohibited by law, including where the Company does not have sufficient distributable profits or where the Directors have reasonable grounds to believe that the Company would, after payment, be unable to meet its liabilities as they fall due.
(g) The list of persons entitled to receive dividends at the record date shall be prepared by the Company's Share Registrar in accordance with the Company's instructions and applicable legislation. Dividend announcements will include the required LSE fields, including:
(i) gross dividend amount and currency;
(ii) type of dividend (interim/final);
(iii) record date;
(iv) payment date;
(v) ISIN(s) and TIDM; and
(vi) details of any scrip, DRIP, or currency election options.
(h) The Company must comply with the provisions of its Articles of Association, the Companies Act 2006, the UK Listing Rules, the Disclosure Guidance and Transparency Rules (DTRs), and the London Stock Exchange Admission and Disclosure Standards in relation to the declaration and payment of dividends.
Disclaimer
The Policy provides general guidance only and does not constitute a commitment or forecast regarding future dividends. Dividend decisions remain entirely at the discretion of the Directors.
Amendment
This Policy shall be effective from the date of execution and may be amended, replaced or revoked at any time by the Directors.
The Directors to review this Policy on an annual basis.
Policy Approval
Approved and adopted by the Board of Directors of Amigo Resources PLC on 21 August 2026.
Signed:
_________________
Craig Ransley - Executive Chair
On behalf of the Board of Directors of Amigo Resources PLC
-ENDS-
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