Dividend information

2020 FINAL DIVIDEND 

Consistent with the Company’s commitment to shareholders in December, and in line with the longstanding dividend policy, the Board proposes a final dividend of 3.0 US cents per share (US$34.7 million). This will bring the total dividend attributed to full year 2020 to 9.0 US cents per share (US$104.0 million)¹. The final dividend will be subject to shareholder approval at the 2021 Annual General Meeting on 11 May 2021.

Centamin continues to maintain a robust financial strategy, with cash and liquid assets of US$310 million as at 31 December 2020, with no debt, hedging or streaming in place. The Company’s financial discipline provides the flexibility to allocate capital to shareholders’ returns, business investment and growth, environmental and social opportunities in pursuance of our corporate purpose and strategy.

Subject to shareholder approval at the 2021 Annual General Meeting on 11 May 2021, the final dividend will be paid on 15 June 2021 in US Dollars (“US$”) with an option for shareholders to elect to receive the dividend in Pounds Sterling (“GBP”).

_{1 Including the Second Interim 2020 Dividend and the proposed Final 2020 Dividend, and excluding the First Interim 2020 Dividend announced}

2020 Final Dividend Timetable

In accordance with Listing Rule 9.7A.2, below is the dividend timetable.

2020 Dividend Information

Dividend Currency Elections

Currency elections should be made no later than 26 May 2021 as per the instructions detailed above. Payments in GBP will be based on the USD/GBP exchange rate on 27 May 2021. For those shareholders electing to receive a sterling dividend, the USD quoted exchange rate of 1.4181 will be applied by the Company when issuing sterling.

Notes

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.

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.

The majority of our sales are transacted in British pounds ("GBP") and US dollars ("USD") is our main reporting currency and consequently the natural currency for dividend determination.  

On request, shareholders of Centamin plc can elect to receive dividends in GBP. Dividends determined in US dollars are translated at exchange rates prevailing one day prior to the declaration. If such an election is made, the dividend amounts received will be calculated by converting the declared dividend using the exchange rates applicable to GBP.

UK shareholders with UK bank or building society accounts

Shareholders who wish to elect to receive GBP dividends can mandate payments directly to their UK bank or building society through the Investor Centre website or by completing the Dividend GBP Election Form and posting it back to the Registrars, in accordance with the instructions set out within the form.

• INVESTOR CENTRE WEBSITE
• GBP ELECTION FORM

Please note. The Registrars retain the mandates previously provided by shareholders and if not updated, will apply the instructions to future dividend distributions.

Global shareholders with non-UK bank or building society accounts

Shareholders who wish to elect to receive GBP dividends can mandate payments directly to their designated account through the Investor Centre website or by completing the Global Payment Service Information form and returning to the Registrars in accordance with the instructions set out within the form.

• INVESTOR CENTRE WEBSITE  
• GLOBAL PAYMENT SERVICE INFORMATION  

Please note. The global payment service is a service provided by the Registrars for shareholders registered on the LSE and transfer charges may apply.

Centamin has established a sustainable dividend stream of returning surplus cash to shareholders.