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News Archive
15 June 2005
Interim Dividend
Further to its Interim Results issued yesterday, ATH Resources
plc, one of the UK’s largest coal producers, confirms that
the interim dividend of 3.36 pence per share, payable to Shareholders
on the register as at 1 July 2005, will be paid to Shareholders
on the 22 July 2005.
| For further information: | |
| ATH Resources | |
| Tom Allchurch, Chief Executive | Tel: +44 (0) 1302 760 462
|
| tom.allchurch@ath.co.uk | |
| Seymour Pierce Limited | |
| Sarah Wharry, Corporate Finance | Tel: +44 (0) 20 7107 8000 |
| sarahwharry@seymourpierce.com | www.seymourpierce.com |
| Media enquiries: |
|
Abchurch |
|
Henry Harrison-Topham / Sarah Hollins |
Tel: +44 (0) 20 7398 7702 |
Notes to Editors:
ATH Resources is an AIM-listed operator of opencast coal mines in the UK with its current two operational mines, Skares Road and Garleffan, located near New Cumnock, East Ayrshire in Scotland. The Company is currently the third largest producer of coal in the UK producing approximately 1.6 million tonnes per annum. Coal was used to generate 34.7 per cent of the UK’s electricity in 2003 and the Company holds coal supply contracts with four of the UK’s main electricity generating companies.
The management team has been in place since 1998. It acquired the rights to operate (and subsequently acquire) the Skares Road mine with support from The Alchemy Plan and Bank of Scotland. Following ATH Resource’s incorporation in October 2003, and backed by a follow on investment from The Alchemy Plan, the Company acquired the Garleffan mine in November 2003.
In addition to the Skares Road and Garleffan mines, the Company also has a number of other coal mining projects in Scotland and two through its French subsidiary, SRMMC including a series of six existing coal concessions in south-central France, covering an area of 36km² with an estimated resource of approximately 4.5 million tonnes of recoverable coal.
ATH Resources listed on the AIM market of the London Stock Exchange
in June 2004 under the symbol ATH.L