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DRD: DRDGOLD LIMITED - Condensed consolidated reviewed provisional results for the year ended 30 June 2020 and dividend declaration

09/01/2020 | 02:14am EDT

1 September 2020

DRD: DRDGOLD LIMITED - Condensed consolidated reviewed provisional results for the year ended 30 June 2020 and dividend declaration

DRD: DRDGOLD LIMITED - Condensed consolidated reviewed provisional results for the year ended 30 June 2020 and dividend declaration

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Condensed consolidated reviewed provisional results for the year ended 30 June 2020 and dividend declaration DRDGOLD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1895/000926/06) JSE share code: DRD ISIN: ZAE000058723 NYSE trading symbol: DRD ('DRDGOLD' or the 'Group' or the 'Company') CONDENSED CONSOLIDATED REVIEWED PROVISIONAL RESULTS FOR THE YEAR ENDED 30 JUNE 2020 AND DIVIDEND DECLARATION INTRODUCTION The contents of this short form announcement are the responsibility of the board of directors of the Group ('Board'). Shareholders are advised that this short form announcement represents a summary of the information contained in the full announcement and does not contain full or complete details. Any investment decisions by investors and/or shareholders should therefore be based on consideration of the full announcement, accessible via the JSE link at https://senspdf.jse.co.za/documents/2020/JSE/ISSE/DRD/Final_20.pdf and also available for viewing on the Group's website at https://www.drdgold.com/investors-and-media/financials/2020. A copy of the full announcement is available for inspection, at DRDGOLD's registered office and at the offices of its sponsor at no charge during normal business hours on Mondays to Fridays from today, 1 September 2020, until Tuesday, 15 September 2020. KEY FINANCIAL RESULTS SUMMARY Year ended Year ended % increase 30 June 2020 30 June 2019 Revenue - R million 4,185.0 2,762.1 52% Operating profit - R million 1,562.1 371.8 320% Earnings per share - South African ('SA') cents per share ('cps') 82.5 11.8 599% Headline earnings per share - cps 82.4 10.9 656% Final dividend - cps 35 20 75% The condensed consolidated financial statements for the year ended 30 June 2020 have been reviewed, in accordance with International Standard on Review Engagements (ISRE) 2410, by KPMG Inc. who expressed an unmodified review conclusion. DIVIDEND The Board has declared a final cash dividend of 35 cps for the year ended 30 June 2020 as follows: - the dividend has been declared out of income reserves; - the local Dividend Withholding Tax rate is 20% (twenty per cent); - the gross local dividend amount is 35 SA cents per ordinary share for shareholders exempt from Dividend Withholding Tax; - the net local dividend amount is 28 SA cents per ordinary share for shareholders liable to pay Dividend Withholding Tax; - DRDGOLD currently has 864,588,711 ordinary shares in issue (which includes 9,474,920 treasury shares); and - DRDGOLD's income tax reference number is 9160/013/60/4. In compliance with the requirements of Strate Proprietary Limited ('Strate') and the JSE Limited Listings Requirements, given the Company's primary listing on the JSE, the salient dates for payment of the dividend are as follows: - last date to trade ordinary shares cum-dividend: Monday, 21 September 2020; - ordinary shares trade ex-dividend: Tuesday, 22 September 2020; - record date: Friday, 25 September 2020; and - payment date: Monday, 28 September 2020. On payment date, dividends due to holders of certificated securities on the SA share register will either be electronically transferred to such shareholders' bank accounts or, in the absence of suitable mandates, dividends will be held in escrow by the Company until suitable mandates are received to electronically transfer dividends to such shareholders. Dividends in respect of dematerialised shareholdings will be credited to such shareholders' accounts with the relevant Central Securities Depository Participant (CSDP) or broker. To comply with the further requirements of Strate, between Tuesday, 22 September 2020 and Friday, 25 September 2020, both days inclusive, no transfers between the SA share register and any other share register will be permitted and no ordinary shares pertaining to the SA share register may be dematerialised or rematerialised. The currency conversion date for the Australian and United Kingdom share registers will be Monday, 28 September 2020. Holders of American Depositary Receipts ('ADRs') should confirm dividend details with the depository bank. Assuming an exchange rate of R17.00/$1, the dividend payable on an ADR is equivalent to 17 United States cents for shareholders liable to pay dividend tax. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion. On behalf of the Board GC Campbell DJ Pretorius Non-Executive Chairman Chief Executive Officer Johannesburg 1 September 2020 DIRECTORS - (*British) (#Independent) (^Lead Independent) Executives: DJ (Niel) Pretorius (Chief Executive Officer) AJ (Riaan) Davel (Chief Financial Officer) Non-Executives: GC Campbell*# (Non-Executive Chairman); EA Jeneker#^; JA Holtzhausen#, TVBN Mnyango#, JJ Nel#, P Lebina#, TJ Cumming, C Flemming# Company Secretary: E Beukes Investor Relations: For further information, contact Niel Pretorius at: Tel: (+27) (0)11 470 2600, Fax: (+27) (0)11 470 2618, Website: http://www.drdgold.com Registered Office: Constantia Office Park Cnr 14th Avenue and Hendrik Potgieter Road Cycad House, Building 17, Ground Floor Weltevreden Park 1709 Sponsor: One Capital 17 Fricker Road, Illovo, 2196 Date: 01-09-2020 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.


DRDGOLD Limited published this content on 01 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2020 06:14:01 UTC

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Sales 2021 382 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 897 M 897 M -
Capi. / Sales 2021 2,35x
Capi. / Sales 2022 2,42x
Nbr of Employees -
Free-Float 44,9%
Duration : Period :
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Technical analysis trends DRDGOLD LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 19,00 $
Last Close Price 10,49 $
Spread / Highest target 81,1%
Spread / Average Target 81,1%
Spread / Lowest Target 81,1%
Managers and Directors
Daniël Johannes Pretorius Chief Executive Officer, Executive Director & MD
Adriaan Jacobus Davel Chief Financial Officer & Executive Director
Geoffrey Charles Campbell Independent Non-Executive Chairman
Edmund Abel Jeneker Lead Independent Non-Executive Director
Johan Andries Holtzhausen Independent Non-Executive Director
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