2021 FINAL DIVIDEND AND 2022 DIVIDEND
PERTH, AUSTRALIA / ACCESSWIRE / March 16, 2022 / Centamin is pleased to announce the Board of Directors recommend the payment of a final dividend of 5 US cents per share, for the six months ended 31 December 2021.
2021 FINAL DIVIDEND
Consistent with the Company's stated commitment to shareholders, the Board proposes a final dividend of 5 US cents per share (US$58 million). This will bring the total dividend attributed to full year 2021 to 9 US cents per share (US$105 million). The final dividend will be subject to shareholder approval at the 2022 Annual General Meeting on 10 May 2022.
Centamin continues to maintain a robust financial strategy, with cash and liquid assets of US$257 million as at 31 December 2021, 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.
2022 DIVIDEND
As Centamin continues to deliver on its growth plans, the Board intends 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.
All dividends will be paid bi-annually as an interim and final dividend and are subject to the respective Board and shareholder approvals.
2021 FINAL DIVIDEND TIMETABLE[1]
Below is the final dividend timetable for the London Stock Exchange and Toronto Stock Exchange
2022 AGM Date 10 May 2022
Ex-Dividend Date: 19 May 2022
Record Date: 20 May 2022
Last Date for Currency Elections: 25 May 2022
Payment Date: 10 June 2022
Dividend Currency Elections
The dividend will be paid on 10 June 2022, 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 25 May 2022 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 26 May 2022 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.