REG - Centamin PLC - 2022 Interim Dividend Declaration

CentaminAnnouncement

04/08/2022 07:15

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RNS Number : 8504U  Centamin PLC  04 August 2022

4 August 2022

Centamin plc

("Centamin" or "the Company")

LSE: CEY / TSX: CEE

 

 

2022 Interim dividend declaration

for the six months ended 30 June 2022

 

 

Consistent with the Company's commitment to shareholders returns, the Board is
pleased to declare 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 or
hedging on the balance sheet. 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.

2022 Dividend Intention

As Centamin continues to deliver on its growth plans, the Board reiterates 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.

Dividend Timetable

Below is the interim dividend timetable for the London Stock Exchange and
Toronto Stock Exchange

Ex-Dividend Date:                               1
September 2022

Record Date:
                                       2
September 2022

Last Date for Currency Elections:    7 September 2022

Payment Date:
                                    7
October 2022

Currency Elections

The interim dividend will be paid on 7 October 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 7 September
2022 as per the instructions detailed on the Company website (www.centamin.com
(http://www.centamin.com) ). 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.

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 (http://www.centamin.com) or
contact:

 Centamin plc                                                 Buchanan

 Michael Stoner, Group Corporate Manager                      Bobby Morse/Ariadna Peretz/George Cleary

 investor@centaminplc.com (mailto:investor@centaminplc.com)   + 44 (0) 20 7466 5000

                                                              centamin@buchanan.uk.com (mailto:centamin@buchanan.uk.com)

 

ENDNOTES

Dividend Timetable

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 a regulatory news announcement and will be available at
www.centamin.com (http://www.centamin.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" and other similar words.
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; the risks and
uncertainties associated with the ongoing impacts of COVID-19 or other
pandemic, 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, particularly in light of the current economic climate and the
significant volatility, uncertainty and disruption caused by COVID-19.
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 except as required by law. Accordingly, readers should not
place undue reliance on forward-looking statements.

LEI: 213800PDI9G7OUKLPV84

Company No: 109180

 

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