DECLARATION OF DIVIDEND
Shareholders are advised that the board has resolved to declare a final gross cash dividend of 1 200 cents per ordinary share amounting to R9.8 billion at the date of declaration for the financial year ended 30 June 2021. In terms of the approved dividend policy, a minimum dividend of 30% of free cash flow pre-growth capital should be declared. The board has discretion to vary this percentage depending on the current and forecast financial performance, as well as market and other factors, including sufficiently capitalising the business to allow the Group to take advantage of future value-accretive growth opportunities. As a result of improved profitability and strong cash flow generation on the back of strong metal pricing and sustained operational performance, the board has increased the dividend to approximately 50% of adjusted free cash flow in line with its commitment to prioritise returns to shareholders. The dividend has been declared from retained earnings.
Implats has 817 268 148 ordinary shares in issue and the Company’s tax reference number is 9700178719. The cash dividend 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 960 cents per ordinary share for shareholders liable to pay the dividend withholding tax and 1 200 cents 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, 2 September 2021|
|Last day for trading to be eligible for cash dividend:||Monday, 20 September 2021|
|Trading ex-dividend commences:||Tuesday, 21 September 2021|
|Record date:||Thursday, 23 September 2021|
|Dividend payment date:||Monday, 27 September 2021|
Share certificates may not be dematerialised or rematerialised between Tuesday, 21 September 2021 and Thursday, 23 September 2021, both days inclusive.