Centamin PLC Dividend Declaration (9998U)
04 August 2020 - 4:00PM
UK Regulatory
TIDMCEY
RNS Number : 9998U
Centamin PLC
04 August 2020
4 August 2020
Centamin plc
("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
DIVIDEND DECLARATION
Centamin is pleased to announce a second interim dividend of 6
US cents per share, for the six months ended 30 June 2020 ("H1"),
will be paid on 11 September 2020.
Second Interim Dividend
Consistent with the Company's commitment to returning surplus
cash to shareholders, and in line with the Company's dividend
policy, the Board declares to pay an interim dividend of 6 US cents
per ordinary share (H1 2019: 4 US cents) equating to approximately
US$69.4 million.
The 2020 second interim dividend corresponds to the financial
performance of the Company in H1 and represents a distribution
equivalent to approximately 68% of free cash flow generated. On
payment, the implied dividend yield [1] would be approximately
6.25% and equivalent to distributing to shareholders US$368 per
ounce produced [2] .
Dividend Timetable [3]
Below is the second interim dividend timetable for the London
Stock Exchange and Toronto Stock Exchange
Ex-Dividend Date: 13 August 2020
Record Date: 14 August 2020
Last Date for Currency Elections: 19 August 2020
Payment Date: 11 September 2020
DIVIDEND CURRENCY ELECTIONS
The dividend will be paid on 11 September 2020, in US Dollars
("USD") with an option for shareholders to elect to receive the
dividend in Pounds Sterling ("GBP"). Currency elections should be
made no later than 19 August 2020 as per the instructions detailed
on the Company website ( www.centamin.com ). Payments in GBP will
be based on the USD/GBP exchange rate on 20 August 2020 and the
rate applied will be published on the website thereafter.
As a Jersey incorporated company, there is no requirement for
Centamin plc to make any withholding or deduction on account of
Jersey tax in respect of the dividend.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc Buchanan
Alexandra Carse, Investor Relations Bobby Morse
+44 (0) 7700 713 738 + 44 (0) 20 7466 5000
alexandra.carse@centamin.je centamin@buchanan.uk.com
__________________________________________________________________________________________
Forward-looking Statements
This announcement (including information incorporated by
reference) contains "forward-looking statements" and
"forward-looking information" under applicable securities laws
(collectively, "forward-looking statements"), including statements
with respect to future financial or operating performance.
Generally, these forward-looking statements can be identified by
the use of forward-looking terminology such as "believes",
"expects", "expected", "budgeted", "forecasts" and "anticipates".
Although Centamin believes that the expectations reflected in such
forward-looking statements are reasonable, Centamin can give no
assurance that such expectations will prove to be correct.
Forward-looking statements are prospective in nature and are not
based on historical facts, but rather on current expectations and
projections of the management of Centamin about future events and
are therefore subject to known and unknown risks and uncertainties
which could cause actual results to differ materially from the
future results expressed or implied by the forward-looking
statements. In addition, there are a number of factors that could
cause actual results, performance, achievements or developments to
differ materially from those expressed or implied by such
forward-looking statements; general business, economic,
competitive, political and social uncertainties; the results of
exploration activities and feasibility studies; assumptions in
economic evaluations which prove to be inaccurate; currency
fluctuations; changes in project parameters; future prices of gold
and other metals; possible variations of ore grade or recovery
rates; accidents, labour disputes and other risks of the mining
industry; climatic conditions; political instability; decisions and
regulatory changes enacted by governmental authorities; delays in
obtaining approvals or financing or completing development or
construction activities; and discovery of archaeological ruins.
There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information or
statements. Forward-looking statements contained herein are made as
of the date of this announcement and the Company disclaims any
obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise.
Accordingly, readers should not place undue reliance on
forward-looking statements.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
[1] Calculated over the last twelve months, inclusive of the
2019 interim dividend, 2020 first interim dividend (a direct
replace of the 2019 final dividend due to COVID-19) and the current
declared 2020 second interim dividend, using share price as at 3
August 2020.
[2] Calculated over the last twelve months of production, as at
30 June 2020.
[3] The dates set out above are based on the Directors' current
expectations and may be subject to change. If any of the dates
should change, the revised dates will be announced by press release
and will be available at www.centamin.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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