Pensana Plc Report on Payments to Governments for FY 2023
2023年12月8日 - 11:56PM
RNSを含む英国規制内ニュース (英語)
TIDMPRE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Pensana Plc
Reports on Payments to Governments for FY 2023
Pensana Plc (LSE: PRE) ("Pensana" or "the Company") publishes the Company's
Payments to Governments Report for the year ended 30 June 2023 ("the Year" or
"FY2023") (the "Report").
Basis of preparation
This Report, which provides an overview of the payments to governments made by
Pensana and its subsidiaries, is required under the United Kingdom's ("UK")
Report on Payments to Governments Regulations 2014 and its amendment in December
2015 ("the Regulations"). This Report is also intended to satisfy the
requirements of the Disclosure and Transparency Rules of the Financial Conduct
Authority in the UK.
This report is also available on the Company's website at: www.pensana.co.uk.
Activities
Payments made by Pensana to governments arising from activities involving the
exploration, prospection, discovery, development and extraction of minerals
(extractive activities) across its projects are to be disclosed in this report.
Summary of Payments (US$)1
Country Corporate Mining & Royalties Infrastructure Other Total
taxes other licence improvements
fees
Australia - - - - - -
Angola2 - 195,812 - - - 195,812
UK - - - - - -
1 Payments are shown in US$ equivalent amounts for the financial year ending 30
June 2023 using the average FX rate for the year
2 Payments shown relate to the Longonjo Project and Coola Exploration Project
Government definition
Government includes any national, regional or local authority of a country, and
includes a department, agency or entity that is a subsidiary of a government.
Payments
Payments to governments are required to be reported in the following categories:
· Taxes
These are any taxes paid by Pensana on its income and profits in accordance with
legislation enacted in the applicable jurisdiction. Payments are reported net of
refunds. Value added tax, personal income taxes, social taxes, property taxes
are excluded.
· Royalties
Royalties are not yet applicable as the projects are still in
exploration/development.
· Fees
These are any fees and other sums paid as consideration for acquiring a licence
for gaining access to an area where extractive activities are performed.
Administrative government fees that are not specifically related to the
extractive sector are excluded.
· Infrastructure improvements
Payments in kind in the form of infrastructure expenditure other than in
circumstances where the infrastructure is expected to be primarily dedicated to
operational activities throughout its useful life. The Regulations do not
require reporting social or community payments, such as payments to build a
hospital or a school.
Other types of payments
Other types of payments that are required to be disclosed in accordance with the
Regulations but are not relevant to Pensana's operations are the following:
· Production entitlements
· Dividends
including dividends paid to a government in lieu of production entitlements or
royalties. Dividends paid to a government as an ordinary shareholder on the same
terms as to other ordinary shareholders and not paid in lieu of production
entitlements or royalties are excluded.
· Signature, discovery and production bonuses
Payments are reported on a cash basis. No in-kind payments were made during year
ended 30 June 2023.
Materiality Level
Payments included in the Report are amounts paid, whether in money or in kind,
for relevant activities. In line with the Regulations, where a payment or a
series of related payments have not exceeded £86,000 they have not been
disclosed.
Payments per government
Total payments to governments under the Regulations amounted to US$195,812 in FY
2023 (FY 2022: US$1,514).
The information contained within this announcement is considered by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No.596/2014. Upon the publication of this announcement via a
Regulatory Information Service, this inside information will be considered to be
in the public domain. The person responsible for arranging for the release of
this announcement on behalf of the Company is Paul Atherley, Chairman.
- ENDS -
For further information, please contact:
Shareholder/analyst enquiries:
Pensana Plc
Paul Atherley, ChairmanIR@pensana.co.uk
Tim George, Chief Executive Officer
Rob Kaplan, Chief Financial Officer
This information was brought to you by Cision http://news.cision.com
END
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