Dividend Policy 

The Company’s dividend policy sets a minimum payout level relative to cash flow while considering the financial condition of, and outlook for, the Company. When determining the amount to be paid the Board will take into consideration the underlying profitability of the Company and significant known or expected funding commitments. Specifically, the Board will aim to approve an annual dividend of at least 30% of the Company’s net cash flow after sustaining capital costs and following the payment of Profit Share due to the Government of Egypt.

"MAINTAINING A SUSTAINABLE DIVIDEND POLICY IS CENTRAL TO OUR STRATEGY"

Ross Jerrard CFO

2022 INTERIM DIVIDEND 

Consistent with the Company’s commitment to shareholders returns, the Board declared an interim dividend of 2.5 US cents per share (US$29 million) for the six months ended 30 June 2022.
Centamin continues to maintain a robust financial strategy, with available cash and liquid assets of US$175 million as at 30 June 2022 and 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, and environmental and social opportunities in pursuance of our corporate purpose and strategy.

The dividend will be paid on 7 October 2022, in US Dollars ("US$") with an option for shareholders to elect to receive the dividend in Pounds Sterling ("GBP").

Dividend intention

As Centamin continues to deliver on its growth plans, the Board reiterated its intention to recommend a minimum dividend for 2022 of 5 US cents per ordinary share with the potential for increased distribution aligned with the Company's free cash flow generation after growth capital investment. Therefore, this implies a final dividend of approximately 2.5 US cents per share (US$29 million) to be proposed with the final full year results for 2022. The final dividend will be announced with the 2022 Full Year Results in Q1 2023 and remains subject to Board recommendation and shareholder approval.

2022 Interim Dividend Timetable

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

2022 INTERIM DIVIDEND TIMETABLE DATE
EX-DIVIDEND DATE  1 SEPTEMBER 2022
RECORD DATE  2 SEPTEMBER 2022
CURRENCY ELECTIONS DEADLINE  7 SEPTEMBER 2022
PAYMENT DATE  7 OCTOBER 2022

2022 Interim Dividend Information

Dividend Currency Elections

Currency elections should be made no later than 7 September 2022 as per the instructions detailed above. Payments in GBP will be based on the USD/GBP exchange rate on 8 September 2022. and the rate applied will be published on the website thereafter. For those shareholders electing to receive a sterling dividend, the USD quoted exchange rate of 1.1491 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.

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.

DIVIDEND STATUS QUANTUM (US$/SHARE) EX-DIVIDEND DATE RECORD DATE PAYMENT DATE PERIOD LINKS
2022 Interim PROPOSED 0.025 1 SEPT 2022 2 SEP 2022 7 OCT 2022 H1 2022 Read more
2021 Final PAID 0.05 19 MAY 2022 20 MAY 2022 10 JUNE 2022 H2 2021 Read more 
2021 Interim PAID 0.04 2 SEPTEMBER 2021 3 SEPTEMBER 2021 30 SEPTEMBER 2021 H1 2021 Read more
2020 Final PAID 0.03 20 MAY 2021 21 MAY 2021 15 JUN 2021 H2 2020 Read more
2020 Second Interim PAID 0.06 13 AUG 2020 14 AUG 2020 11 SEPT 2020 H1 2020  
2020 First Interim PAID 0.06 30 APR 2020 1 MAY 2020 15 MAY 2020 H2 2019 Read more
2019 Interim PAID 0.04 29 AUG 2019 30 AUG 2019 27 SEPT 2019 H1 2019 Read more
2018 Final PAID 0.03 18 APR 2019 22 APR 2019 13 MAY 2019 H2 2018 Read more
2018 Interim PAID 0.025 30 AUG 2018 31 AUG 2018 28 SEPT 2018 H1 2018 Read more
2017 Final PAID 0.10 22 MAR 2018 23 MAR 2018 6 APR 2018 H2 2017 Read more
2017 Interim PAID 0.025 31 AUG 2017 1 SEPT 2017 29 SEPT 2017 H1 2017 Read more
2016 Final PAID 0.135 2 MAR 2017 3 MAR 2017 31 MAR 2017 H2 2016 Read more
2016 Interim PAID 0.02 8 SEPT 2016 9 SEPT 2016 7 OCT 2016 H1 2016 Read more
2015 Final PAID  0.02 21 APR 2016 22 APR 2016 27 MAY 2016 H2 2015 Read more
2015 Interim PAID 0.01 3 SEPT 2015 4 SEPT 2015 9 OCT 2015 H1 2015 Read more
2014 Final PAID 0.02 23 APR 2015 24 APR 2015 29 MAY 2015 H2 2014 Read more
2014 Interim PAID 0.009 3 SEPT 2014 5 SEPT 2014 3 OCT 2014 H1 2014 Read more