SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 6-K
REPORT OF A FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For September 2019
Commission File Number 0-28800
______________________
DRDGOLD Limited
1 Sixty Jan Smuts Building, 2nd Floor-North Tower
160 Jan Smuts Avenue, Rosebank
South Africa, 2196
(Address of principal executive offices)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☑ Form 40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☑
If ''Yes'' is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
Attached to the Registrant Form 6-K filing for the month of September 2019, incorporated by reference herein:
Exhibit
99.1 Release dated September 03, 2019, “CONDENSED CONSOLIDATED PROVISIONAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND DIVIDEND DECLARATION”
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DRDGOLD LIMITED
Date: September 03, 2019 By: /s/ Riaan Davel
Name: Riaan Davel
Title: Chief Financial Officer
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 PROVISIONAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019 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/2019/JSE/ISSE/DRD/YearEnd_19.pdf and also available for viewing on the Group’s website at https://www.drdgold.com/investors-and-media/financials/2019.
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, 3 September 2019, until Tuesday, 10 September 2019.
KEY FINANCIAL RESULTS SUMMARY
|
Year ended 30 June 2019 |
Year ended 30 June 2018 |
% increase / (decrease) |
Revenue – R million |
2,762.1 |
2,490.4 |
11% |
Operating profit – R million |
371.8 |
355.2 |
5% |
Earnings per share – cps |
11.8 |
1.5 |
687% |
Headline earnings per share – cps |
10.9 |
1.7 |
541% |
Year-end dividend – cps* |
20 |
- |
- |
*Excludes interim dividend declared by the Group: 31 December 2018: Nil and 31 December 2017: 5 cps
DIVIDEND
The Board has declared a final cash dividend of 20 South African (“SA”) cents per ordinary share for the year ended 30 June 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 20 SA cents per ordinary share for shareholders exempt from Dividend Withholding Tax;
· the net local dividend amount is 16 SA cents per ordinary share for shareholders liable to pay Dividend Withholding Tax;
· DRDGOLD currently has 696 429 767 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, 23 September 2019;
· ordinary shares trade ex-dividend: Wednesday, 25 September 2019;
· record date: Friday, 27 September 2019; and
· payment date: Monday, 30 September 2019.
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, dividend cheques will be posted 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 Wednesday, 25 September 2019 and Friday, 27 September 2019, 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, 30 September 2019.
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, 26 September 2019;
· record date: Friday, 27 September 2019;
· approximate date of currency conversion: Monday, 30 September 2019; and
· approximate payment date of dividend: Thursday, 10 October 2019
Assuming an exchange rate of R15.20/$1, the dividend payable on an ADR is equivalent to 13 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
CG Campbell DJ Pretorius
Non-Executive Chairman Chief Executive Officer
DIRECTORS - (*British) (#Independent) (^Lead Independent)
Executives:
DJ (Niël) 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#
Company Secretary:
R Masemene
Investor Relations:
For further information, contact Niël Pretorius at:
Tel: (+27) (0)11 470 2600, Fax: (+27) (0)11 470 2618,
Website: http://www.drdgold.com
Registered Office:
1 Sixty Jan Smuts Building,
2nd Floor - North Tower,
160 Jan Smuts Avenue,
Rosebank,
2196
Sponsor:
One Capital, 17 Fricker Road, Illovo, 2196