Condensed consolidated reviewed provisional results for the year ended 30 June 2020 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 REVIEWED PROVISIONAL RESULTS
FOR THE YEAR ENDED 30 JUNE 2020 AND DIVIDEND DECLARATION
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.
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
- DRDGOLD currently has 864,588,711 ordinary shares in issue (which includes 9,474,920 treasury
- 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
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
1 September 2020
DIRECTORS - (*British) (#Independent) (^Lead Independent)
DJ (Niel) Pretorius (Chief Executive Officer)
AJ (Riaan) Davel (Chief Financial Officer)
GC Campbell*# (Non-Executive Chairman); EA Jeneker#^; JA Holtzhausen#, TVBN Mnyango#, JJ Nel#,
P Lebina#, TJ Cumming, C Flemming#
For further information, contact Niel Pretorius at:
Tel: (+27) (0)11 470 2600, Fax: (+27) (0)11 470 2618,
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
17 Fricker Road, Illovo, 2196
Date: 01-09-2020 08:00:00
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