Dividend information

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. 

In the last twelve months, the total dividends declared are 16 US cents per share or US$162 million, equates to a dividend yield of 6.25% and equivalent to distributing to shareholders US$368 per ounce produced.  

The second interim dividend will be paid on 11 September 2020, in US Dollars (“US$”) with an option for shareholders to elect to receive the dividend in Pounds Sterling (“GBP”).

Dividend Timetable

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

Dividend Currency Elections

Currency elections should be made no later than 19 August 2020 as per the instructions detailed below. Payments in GBP will be based on the USD/GBP exchange rate of GB£1 to USD1.3144 at 20 August 2020.

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.