December 8, 2016 / 2:39 PM / in 8 months

BRIEF-Russia's Nordgold says to recommend interim divs shortly

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Dec 8 (Reuters) - Nord Gold SE (Nordgold) says:

* Has completed a reduction of capital, involving the reduction in the nominal value of each of its shares and the cancellation of its share premium account, required to create sufficient distributable reserves at a holding company level to facilitate the payment of dividends;

* The Board intends to declare payment of the interim dividend shortly;

* Following the capital reduction, the issued share capital of the Company consists of 370,396,229 ordinary shares. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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