Declaration on interim dividend
The Board of Implats wishes to inform shareholders that it has approved the declaration of an interim cash dividend of R1,25 per ordinary share for the six-month period ended 31 December 2019. The interim dividend has been declared in terms of the newly approved dividend policy, which is aligned to the Company’s capital allocation framework. The dividend policy states that a dividend will be declared from 30% of free cash flow, pregrowth capital, for any given period, subject to the Board’s discretion.
The Company has 799 034 147 ordinary shares in issue and the Company’s tax reference number is 9700178719. The dividend has been declared from retained earnings and will be subject to a 20% dividend withholding tax for shareholders who are not exempt from, or do not qualify for, a reduced rate of withholding tax. Therefore, the net dividend amount is R1,00 per ordinary share for shareholders liable to pay the dividend withholding tax and R1,25 per ordinary share for shareholders exempt from dividend withholding tax. Shareholders are advised to complete the requisite declaration form to make the Company aware of their tax status. The salient dates are as follows:
| Declaration date | Thursday, 27 February 2020 |
| Last day for trading to be eligible for cash dividend | Tuesday, 17 March 2020 |
| Trading ex-dividend commences | Wednesday, 18 March 2020 |
| Record date | Friday, 20 March 2020 |
| Dividend payment date | Monday, 23 March 2020 |
Share certificates may not be dematerialised or rematerialised between Wednesday, 18 March 2020 and Friday, 20 March 2020, both days inclusive.