Commenting on the announcement, Troy's Chairman, David Dix said:
"The Troy Board is very pleased to have paid the final fully
franked cash dividend of 6 cents per share. With the 4 cents per share
interim dividend paid in June last year, the company has paid shareholders
10 cents per share in fully franked cash dividends in relation to the 2011
Financial Year.
"It is particularly pleasing that over 20% of shareholders
elected to take their dividend in the form of new Troy shares under the
new Troy Dividend Reinvestment Plan. Under the plan the shares are issued
at a 5% discount to the 7 day VWAP commencing on the second trading day
after the record date. Shareholders electing to receive their dividends in
the form of new shares further benefited from the recent strengthening of
the Troy share price and thus the new shares were issued at a 9% discount
to Friday's close.
"This is the 12th
dividend paid by the Company over the last 12 years, in what we
believe is a unique track record amongst our peers. Our new Dividend
Reinvestment Plan further rewards shareholders that choose to reinvestment
their dividends in new Troy stock."
Dividend Re-Investment
Plan
As announced on 12 August 2011, the Company introduced a dividend
re-investment plan whereby shareholders can re-invest their dividends as
additional shares in the Company, calculated at a 5% discount to the
market value as defined in the plan rules. The plan rules are available on
the Company website at www.troyres.com.au.
To update election and/or enrolment under the plan, shareholders can
contact the Company's share registry, Computershare; or if applicable,
their nominee in the relevant Australian or Canadian jurisdictions.
Australian registered holders can contact Computershare on 1300 850 505
(from within Australia) or +613 9415 4000 (International); or visit www.investorcentre.com which
will require first time visitors to the site to enter their SRN/HIN and
Australian postcode; or country name for International shareholders.
Elections can also be made at www.computershare.com.au/easyupdate/try.
Canadian registered shareholders can contact Computershare's National
Customer Contact Centre on +1 800 564 6253 or by visiting www.computershare.com/service.
ABOUT TROY RESOURCES
Troy Resources (News
- Market
indicators)(ASX:TRY) is a dividend-paying junior gold producer, with a
clear growth strategy. The Company has two producing gold operations;
Andorinhas Mine in Para State, Brazil and the Casposo gold and silver
mine, in San Juan province, Argentina.
Troy has an experienced Board and management team with a track record
of successful, fast-track mine development and low-cost operations.
Troy has an annual exploration budget in excess of $15 million and a
proven track record in exploration discoveries and strategic
acquisitions.
Following the development of the Casposo project in Argentina, Troy has
entered a renewed growth phase which will again lift the Company's annual
gold production above 100,000 ounces of gold per annum.
The Company is well positioned to continue its path of strong growth
and profitable operations, and on track to achieve its vision of becoming
a highly profitable mid-tier gold producer with a portfolio of quality
long-life assets.
The Company maintains a robust balance sheet and forecasts continued
strong cash flow from its current assets. Troy's gold production is
unhedged; allowing its shareholders access to the full benefit of current
and future gold price upside.
Troy is a responsible corporate citizen, committed to the best practice
of health and safety, environmental stewardship and social
responsibility.
ABN 33 006 243 750
