6-K
Drdgold Ltd (DRD)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF AFOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For February 2021
Commission File Number 0-28800
DRDGOLD Limited
ConstantiaOffice Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
Weltevreden Park
SouthAfrica, 1709
(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 ofFebruary 2021, incorporated by reference herein:
| Exhibits | |
|---|---|
| 99.1 | Release dated February 16, 2021, “CONDENSED CONSOLIDATED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2020 AND DIVIDEND DECLARATION” |
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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: February 16, 2021 | By: | /s/ Riaan Davel |
| Name: | Riaan Davel | |
| Title: | Chief Financial Officer |
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EX-99.1
Exhibit 99.1
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 UNAUDITED INTERIM RESULTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2020 AND DIVIDEND DECLARATION
INTRODUCTION
The contents of this short form announcement are the responsibility of the board of directors of DRDGOLD (“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 Limited (“JSE”) link at https://senspdf.jse.co.za/documents/2021/JSE/ISSE/DRD/Interim_21.pdf and also available for viewing on the Group’s website at https://www.drdgold.com/investors-and-media/financials/2021.
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, 16 February 2021, until Tuesday, 23 February 2021.
KEY FINANCIAL RESULTS SUMMARY
| Six months ended 31<br>December 2020 | Six months ended 31<br>December 2019 | % increase | |||||
|---|---|---|---|---|---|---|---|
| Revenue – R million | **** | 2,977.4 | **** | 2,111.4 | **** | 41 | % |
| Operating profit – R million | **** | 1,441.8 | **** | 719.6 | **** | 100 | % |
| Earnings per share – South African (“SA”) cents per share<br>(“cps”) | **** | 111.0 | **** | 48.5 | **** | 129 | % |
| Headline earnings per share – cps | **** | 111.0 | **** | 48.4 | **** | 129 | % |
| Interim dividend – cps | **** | 40 | **** | 25 | **** | 60 | % |
DIVIDEND
The Board has declared an interim cash dividend of 40 SA cps for the six months ended 31 December 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 40 SA cents per ordinary share for shareholders exempt from Dividend<br>Withholding Tax; |
| --- | --- |
| • | the net local dividend amount is 32 SA cents per ordinary share for shareholders liable to pay Dividend<br>Withholding Tax; |
| --- | --- |
| • | DRDGOLD currently has 864,588,711 ordinary shares in issue (which includes 9,474,920 treasury shares); and<br> |
| --- | --- |
| • | 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 exchange operated by the JSE, the salient dates for payment of the dividend are as follows:
| • | last date to trade ordinary shares cum-dividend: Tuesday, 2 March<br>2021; |
|---|---|
| • | ordinary shares trade ex-dividend: Wednesday, 3 March 2021;<br> |
| --- | --- |
| • | record date: Friday, 5 March 2021; and |
| --- | --- |
| • | payment date: Monday, 8 March 2021. |
| --- | --- |
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 Wednesday, 3 March 2021 and Friday, 5 March 2021, 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, 8 March 2021.
The holders of American Depositary Receipts (“ADRs”) should confirm dividend details with the depository bank. Assuming an exchange rate of R15.00/$1, the dividend payable on an ADR is equivalent to 21 United States cents for ADR holders liable to pay dividend tax. However, the actual rate of payment will depend on the exchange rate on the date for currency conversion.
ANNUAL REPORT
As previously advised in the announcement published on the Stock Exchange News Service of the JSE on Thursday, 29 October 2020, DRDGOLD filed its Annual Report on Form 20-F for the year ended 30 June 2020 (the “2020 AnnualReport”) with the United States. Securities and Exchange Commission (the “SEC”) on Thursday, 29 October 2020.
The 2020 Annual Report can be downloaded from the SEC’s website (http://www.sec.gov) and is also available on DRDGOLD’s corporate website (http://www.drdgold.com). Hard copies of DRDGOLD’s complete 2020 audited financial statements can be provided, free of charge, upon request.
On behalf of the Board
| GC Campbell<br><br><br>Non-Executive Chairman | DJ Pretorius<br> <br>Chief Executive<br>Officer |
|---|
Johannesburg
16 February 2021
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^#^, TJ Cumming, C Flemming^#^
Company Secretary:
E Beukes
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:
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
Weltevreden Park, 1709
South Africa
Sponsor:
One Capital
17 Fricker Road, Illovo, 2196