Condensed consolidated unaudited interim results for the six months ended 31 December 2019 and dividend declaration
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
NYSE trading symbol: DRD
("DRDGOLD" or the "Group" or the "Company")
CONDENSED CONSOLIDATED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED
31 DECEMBER 2019 AND DIVIDEND DECLARATION
The contents of this short form announcement are the responsibility of the board of directors of the Group
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/Interim_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,
12 February 2020, until Wednesday, 19 February 2020.
KEY FINANCIAL RESULTS SUMMARY
Six months ended Six months ended % increase /
31 December 2019 31 December 2018 (decrease)
Revenue - R million 2,111.4 1,252.5 69%
Operating profit - R million 719.6 102.2 604%
Earnings / (loss) per share - cps 48.5 (7.2) 774%
Headline earnings / (loss) per share - cps 48.4 (7.2) 772%
Interim dividend - cps 25 - 100%
The Board has declared an interim cash dividend of 25 South African ("SA") cents per ordinary share for
the six months ended 31 December 2019 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 25 SA cents per ordinary share for shareholders exempt from
Dividend Withholding Tax;
- the net local dividend amount is 20 SA cents per ordinary share for shareholders liable to pay Dividend
- 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: Tuesday, 3 March 2020;
- ordinary shares trade ex-dividend: Wednesday, 4 March 2020;
- record date: Friday, 6 March 2020; and
- payment date: Monday, 9 March 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.
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 Wednesday, 4 March 2020 and Friday, 6 March 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, 9 March 2020.
To holders of American Depositary Receipts ("ADRs"):
- each ADR represents 10 ordinary shares;
- ADRs trade ex-dividend on the New York Stock Exchange (NYSE): Thursday, 5 March 2020;
- record date: Friday, 6 March 2020;
- approximate date of currency conversion: Monday, 9 March 2020; and
- approximate payment date of dividend: Thursday, 19 March 2020
Assuming an exchange rate of R15.00/$1, the dividend payable on an ADR is equivalent to 14 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
12 February 2020
DIRECTORS - (*British) (#Independent) (^Lead Independent)
DJ (Niel) Pretorius (Chief Executive Officer)
AJ (Riaan) Davel (Chief Financial Officer)
GC Campbell*# (Non-Executive Chairman)
For further information, contact Niel Pretorius at:
Tel: (+27) (0)11 470 2600, Fax: (+27) (0)11 470 2618,
1 Sixty Jan Smuts Building,
2nd Floor - North Tower,
160 Jan Smuts Avenue,
One Capital, 17 Fricker Road, Illovo, 2196
Date: 12-02-2020 08:00:00
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