Outcomes for the interim interval ended 31 December 2020 – Brief type announcement
Concord Gold Mining Firm Restricted
Registration quantity 1950/038232/06
Integrated within the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Concord” and/or “the Firm”)
RESULTS FOR THE INTERIM PERIOD ENDED 31 DECEMBER 2020 – SHORT FORM ANNOUNCEMENT
Johannesburg, Tuesday, 23 February 2021. Concord Gold Mining Firm Restricted
(“Concord” or “the Firm”) is happy to announce its monetary and working
outcomes for the interim interval ended 31 December 2020 (“H1FY21”) in comparison with
the six-months ended 31 December 2019 (“H1FY20”).
• 336% improve in web revenue to R5.8bn (US$356m) from R1.3bn (US$91m)
• Income elevated by 39% to R21.6bn (US$1.3bn) from R15.5bn (US$1.1bn)
• 69% improve in working free money stream margin to 22% from 13%
• 65% improve in manufacturing revenue to R6.8bn (US$417m) from R4.1bn
(US$280m)
• Internet debt to EBITDA at 0.1x
• EPS elevated by 288% to 966 SA cents (59 US cents) from 249 SA cents (17
US cents)
• HEPS elevated by 211% to 775 SA cents (48 US cents) from 249 SA cents
(17 US cents)
• Interim dividend of 110 SA cents (roughly 7.5 US cents) per share
declared (December 2019: nil)
“The distinctive efficiency achieved within the first half of FY21 substantiates
the expansion technique that we got down to pursue originally of 2016. By means of
astute acquisitions, we've got efficiently added high quality ounces to our portfolio
and de-risked our asset portfolio. We're additionally seeing a big enchancment
in our general grade and money stream. Concord is not a marginal gold
producer, however an rising mining specialist with a diversified and de-risked
asset portfolio. On the again of our funding in development property, a stronger
operational efficiency from our mines in H1FY21 and a technique geared toward
delivering optimistic shareholder returns, we're happy to announce an interim
dividend of 110 SA cents (roughly 7.5 US cents),” stated Peter Steenkamp,
chief govt officer of Concord.
Discover of Interim Gross Money Dividend
Our dividend declaration for the six months ended 31 December 2020 is as follows:
Declaration of interim gross money atypical dividend no. 89
The Board has permitted, and see is hereby given, that an interim gross money
dividend of 110 SA cents (7.5 US cents*) per atypical share in respect of the
six months ended 31 December 2020, has been declared payable to the registered
shareholders of Concord on Monday, 19 April 2021.
In accordance with paragraphs 11.17(a)(i) to (x) and 11.17(c) of the JSE
Listings Necessities the next extra info is disclosed:
• The dividend has been declared out of revenue reserves;
• The native Dividend Withholding Tax charge is 20% (twenty %);
• The gross native dividend quantity is 110 SA cents (7.5 US cents*) per
atypical share for shareholders exempt from the Dividend Withholding Tax;
• The online native dividend quantity is 88 SA cents per atypical share for
shareholders liable to pay the Dividend Withholding Tax;
• Concord at the moment has 616 052 197 atypical shares in difficulty (which incorporates
6 154 630 treasury shares); and
• Concord’s revenue tax reference quantity is 9240/012/60/0.
A dividend No. 89 of 110 SA cents (7.5 US cents*) per atypical share, being the
dividend for the six months ended 31 December 2020, has been declared payable
on Monday 19 April 2021 to these shareholders recorded within the books of the
firm on the shut of enterprise on Friday, 16 April 2021. The dividend is
declared within the foreign money of the Republic of South Africa. Any change in tackle
or dividend instruction to use to this dividend have to be obtained by the
firm’s switch secretaries or registrar not later than Friday, 9 April 2021.
In compliance with the necessities of Strate Proprietary Restricted (Strate) and
the JSE Listings Necessities, the salient dates for fee of the dividend
are as follows:
Final date to commerce atypical shares cum- Tuesday, 13 April 2021
dividend is
Unusual shares commerce ex-dividend Wednesday, 14 April 2021
Report date Friday, 16 April 2021
Fee date Monday, 19 April 2021
No dematerialisation or rematerialisation of share certificates could happen
between Wednesday, 14 April 2021 and Friday, 16 April 2021, each dates
inclusive, nor could any transfers between registers happen throughout this
interval.
On fee date, dividends as a result of holders of certificated securities on the SA
share register will both be electronically transferred to such shareholders’
financial institution accounts or, within the absence of appropriate mandates, dividends will likely be held
in escrow by Concord till appropriate mandates are obtained to electronically
switch dividends to such shareholders.
Dividends in respect of dematerialised shareholdings will likely be credited to such
shareholders’ accounts with the related Central Securities Depository
Participant (CSDP) or dealer.
The holders of American Depositary Receipts (ADRs) ought to affirm dividend
particulars with the depository financial institution. Assuming an alternate charge of R14.64/US$1* the
dividend payable on an ADR is equal to US7.5 cents for ADR holders earlier than
dividend tax. Nonetheless, the precise charge of fee will rely on the alternate
charge on the date for foreign money conversion.
*Primarily based on an alternate charge of R14.64/US$1 at 19 February 2021. Nonetheless, the
precise charge of fee will rely on the alternate charge on the date for foreign money
Brief type announcement:
This short-form announcement is the accountability of the board of administrators of
the Firm (“Board”).
Shareholders are suggested that this short-form announcement represents a abstract
of the data contained within the full announcement (“outcomes booklet”) and
doesn't comprise full or full particulars revealed on the Inventory Change Information
Service (“SENS”), through the JSE hyperlink and on Concord’s web site (www.concord.co.za)
on 23 February 2021.
The monetary outcomes as contained within the condensed consolidated monetary
statements for the six months ended 31 December 2020 have been reviewed by
PricewaterhouseCoopers Inc., who expressed an unmodified evaluation conclusion
thereon.
Any funding choices by traders and/or shareholders needs to be primarily based on a
consideration of the total announcement as a complete and shareholders are
inspired to evaluation the outcomes booklet, which is obtainable for viewing on the
Firm’s web site referred to above and through the JSE hyperlink at
https://senspdf.jse.co.za/paperwork/2021/jse/isse/HARE/HY21Result.pdf.
The outcomes booklet can also be obtainable for inspection on the registered workplace
of the Firm, Randfontein Workplace Park, Randfontein, 1760, Nook Predominant Reef
Street/Ward Avenue, Randfontein, and on the workplaces of the sponsors, J.P. Morgan.
Inspection of the outcomes booklet is obtainable to traders and/or shareholders
at no cost, throughout regular enterprise hours from immediately, 23 February 2021, till
28 February 2021.
Copies of the outcomes booklet could also be requested from HarmonyIR@concord.co.za
Ends.
For extra particulars, contact:
Jared Coetzer
Head: Investor Relations
+27 (0)82 746 4120
Max Manoeli
Investor Relations Supervisor
+27(0)82 759 1775 (cellular)
Marian van der Walt
Senior Group Government: Enterprise Danger Administration and Investor Relations
+27(0)82 888 1242 (cellular)
Johannesburg, South Africa
23 February 2021
Sponsor:
J.P. Morgan Equities South Africa Proprietary Restricted
Date: 23-02-2021 07:05:00
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