Centamin PLC Announces Dividend Declaration
Centamin PLC has declared an interim dividend of 2.25 US cents per share for the six months ended 30 June 2024. This represents 53% of the cash available for dividend payments, exceeding the company's policy to pay out a minimum of 30% of Group free cash flow before growth capital expenditure. The total dividend declared amounts to US$26 million.
Centamin maintains a robust financial position with cash and liquid assets of US$200 million as of 30 June 2024. The company has a track record of returning cash to shareholders, totaling US$907 million over eleven years. The dividend will be paid on 27 September 2024, with options for shareholders to receive it in US Dollars or Pounds Sterling.
Centamin PLC ha dichiarato un dividendo intermedio di 2,25 centesimi di dollaro USA per azione per i sei mesi terminati il 30 giugno 2024. Questo rappresenta il 53% della liquidità disponibile per i pagamenti dei dividendi, superando la politica aziendale che prevede di distribuire un minimo del 30% del flusso di cassa libero del Gruppo prima delle spese in conto capitale per la crescita. Il dividendo totale dichiarato ammonta a 26 milioni di dollari USA.
Centamin mantiene una solida posizione finanziaria con liquidità e attivi liquidi di 200 milioni di dollari USA al 30 giugno 2024. L'azienda ha una lunga esperienza nel restituire liquidità agli azionisti, con un totale di 907 milioni di dollari USA nel corso di undici anni. Il dividendo sarà pagato il 27 settembre 2024, con opzioni per gli azionisti di riceverlo in dollari USA o sterline inglesi.
Centamin PLC ha declarado un dividendo interino de 2.25 centavos de dólar estadounidense por acción para los seis meses que terminaron el 30 de junio de 2024. Esto representa el 53% del efectivo disponible para pagos de dividendos, superando la política de la empresa de distribuir un mínimo del 30% del flujo de caja libre del Grupo antes de los gastos de capital de crecimiento. El dividendo total declarado asciende a 26 millones de dólares estadounidenses.
Centamin mantiene una sólida posición financiera con efectivo y activos líquidos de 200 millones de dólares estadounidenses a fecha del 30 de junio de 2024. La empresa tiene un historial de retorno de efectivo a los accionistas, totalizando 907 millones de dólares estadounidenses en once años. El dividendo se pagará el 27 de septiembre de 2024, con opciones para que los accionistas lo reciban en dólares estadounidenses o libras esterlinas.
Centamin PLC는 2024년 6월 30일로 종료된 6개월 동안 주당 2.25미국 센트의 중간 배당금을 선언했습니다. 이는 배당금 지급을 위한 현금의 53%에 해당하며, 회사의 정책인 그룹 자유 현금 흐름의 최소 30%를 성장 자본 지출 전에 배당금으로 지급하는 것보다 초과하는 수치입니다. 총 배당금은 2600만 달러입니다.
Centamin은 2024년 6월 30일 기준으로 2억 달러의 현금 및 유동 자산을 보유한 건전한 재무 상태를 유지하고 있습니다. 이 회사는 지난 11년 동안 주주에게 총 9억 700만 달러를 반환한 실적이 있습니다. 배당금은 2024년 9월 27일에 지급되며, 주주들은 이를 미화 또는 영국 파운드로 받을 수 있는 옵션이 있습니다.
Centamin PLC a déclaré un dividende intérimaire de 2,25 cents US par action pour les six mois se terminant le 30 juin 2024. Cela représente 53% des liquidités disponibles pour les paiements de dividendes, dépassant la politique de l'entreprise qui consiste à distribuer un minimum de 30% du flux de trésorerie libre du Groupe avant les dépenses en capital de croissance. Le dividende total déclaré s'élève à 26 millions de dollars US.
Centamin maintient une position financière solide avec des liquidités et des actifs liquides de 200 millions de dollars US au 30 juin 2024. L'entreprise a fait ses preuves en restituant des liquidités aux actionnaires, totalisant 907 millions de dollars US sur onze ans. Le dividende sera versé le 27 septembre 2024, avec des options pour les actionnaires de le recevoir en dollars US ou en livres sterling.
Centamin PLC hat eine Zwischendividende von 2,25 US-Cents pro Aktie für die sechs Monate bis zum 30. Juni 2024 erklärt. Dies entspricht 53% der verfügbaren Mittel für Dividendenauszahlungen und übersteigt die Unternehmenspolitik, mindestens 30% des freien Cashflows der Gruppe vor Investitionen in Wachstumskapital auszuzahlen. Die insgesamt erklärte Dividende beläuft sich auf 26 Millionen US-Dollar.
Centamin verfügt zum 30. Juni 2024 über eine solide Finanzlage mit Bargeld und liquiden Mitteln in Höhe von 200 Millionen US-Dollar. Das Unternehmen hat eine nachweisliche Geschichte, Cash an die Aktionäre zurückzugeben, mit insgesamt 907 Millionen US-Dollar über einen Zeitraum von elf Jahren. Die Dividende wird am 27. September 2024 ausgezahlt, wobei Aktionäre die Möglichkeit haben, sie in US-Dollar oder Britischen Pfund zu erhalten.
- Declared interim dividend of 2.25 US cents per share, totaling US$26 million
- Dividend payout ratio of 53%, exceeding the minimum 30% policy
- Strong financial position with US$200 million in cash and liquid assets
- 11-year track record of returning cash to shareholders, totaling US$907 million
- None.
PERTH, AUSTRALIA / ACCESSWIRE / July 25, 2024 / 2024 INTERIM DIVIDEND DECLARATION
Centamin is pleased to announce that the Board of Directors have declared an interim dividend of 2.25 US cents per share, for the six months ended 30 June 2024.
DIVIDEND POLICY
Stakeholder, and specifically shareholder returns, are central to our Company strategy. Centamin was one of the first gold producers to pay a dividend under a structured policy. We have since built a eleven-year track record of returning cash to shareholders, totalling US
The dividend policy remains unchanged from our previous commitment to return a minimum of
INTERIM DIVIDEND
The Board declares an interim dividend of 2.25 US cents per share (US
This represents
The interim dividend is calculated by the following:
| 30-Jun-24 |
| ||
US$'000 |
| Interim |
| |
Group free cash flow |
|
| 42,895 |
|
Add back: |
|
|
|
|
Growth capex financed from treasury[1] |
|
| 6,446 |
|
Cash flow available for dividends |
|
| 49,341 |
|
|
| (14,802 | ) | |
Surplus cash flow for discretionary capital allocation[2] |
|
| 34,539 |
|
Board dividend supplement |
|
| (11,322 | ) |
Total dividend declared |
|
| 26,124 |
|
US Cents |
|
| 2.25 |
|
% of cash flow available for dividend payments |
|
| 53 | % |
Centamin maintains a robust financial position, with cash and liquid assets of US
2024 INTERIM DIVIDEND TIMETABLE[3]
Below is the final dividend timetable for the London Stock Exchange (LSE) and Toronto Stock Exchange (TSX):
● | Ex-Dividend Date: | 29 August 2024 (LSE only) |
● | Record Date | 30 August 2024 (Record and Ex-Dividend Date for the TSX) |
● | Last Date for Currency Elections | 2 September 2024 |
● | Payment Date | 27 September 2024 |
Dividend Currency Elections
The dividend will be paid on 27 September 2024, 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 2 September 2024 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 3 September 2024 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.
ABOUT CENTAMIN
Centamin is an established gold producer, with premium listings on the London Stock Exchange and Toronto Stock Exchange. The Company's flagship asset is the Sukari Gold Mine ("Sukari"), Egypt's largest and first modern gold mine, as well as one of the world's largest producing mines. Since production began in 2009 Sukari has produced 5.7 million ounces of gold, and today has a projected mine life to 2035.
Through its large portfolio of exploration assets in Egypt and West Africa, Centamin is advancing an active pipeline of future growth prospects, including the Doropo project in Côte d'Ivoire, and over 3,000km2 of highly prospective exploration ground in Egypt's Arabian Nubian Shield.
Centamin practices responsible mining activities, recognising its responsibility to deliver operational and financial performance and create lasting mutual benefit for all stakeholders through good corporate citizenship.
FOR MORE INFORMATION please visit the website www.centamin.com or contact:
Centamin plc Michael Stoner, Head of Corporate | FTI Consulting Ben Brewerton / Sara Powell / Nick Hennis +442037271000 |
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. Such statements include "future-oriented financial information" or "financial outlook" with respect to prospective financial performance, financial position, EBITDA, cash flows and other financial metrics that are based on assumptions about future economic conditions and courses of action. 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 include production outlook, operating schedules, production profiles, expansion and expansion plans, efficiency gains, production and cost guidance, capital expenditure outlook, exploration spend and other mine plans. 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 direct or indirect 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. Financial outlook and future-ordinated financial information contained in this news release is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available. Readers are cautioned that any such financial outlook or future-ordinated financial information contained or referenced herein may not be appropriate and should not be used for purposes other than those for which it is disclosed herein. The Company and its management believe that the prospective financial information has been prepared on a reasonable basis, reflecting management's best estimates and judgments at the date hereof, and represent, to the best of management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. 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, the risks and uncertainties associated with the direct and indirect impacts of 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 or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.
LEI: 213800PDI9G7OUKLPV84
Company No: 109180
[1] Defined as Sukari growth capex funded from Treasury and available for cost-recovery as per the Concession Agreement
[2] Discretionary capital allocation options include future project investment, portfolio optimisation, supplemental shareholder returns
[3] 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Centamin PLC
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