Newcrest Announces Special Dividend

Rhea-AI Summary

Newcrest Mining announces fully franked special dividend of US$1.10

Positive

• Newcrest Mining will pay a fully franked special dividend of US$1.10 in respect of shares held on the Special Dividend Record Date

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• None.

Melbourne, Australia--(Newsfile Corp. - October 4, 2023) - Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) announces that the Newcrest Directors have determined to pay a fully franked special dividend of US$1.10 (Special Dividend) in respect of Newcrest shares held on the Special Dividend Record Date, being 7.00pm (AEDT) on 19 October 2023.

Payment of the Special Dividend is conditional on the proposed scheme of arrangement (Scheme), under which Newcrest will be acquired by Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd), becoming effective. If the Scheme becomes effective, the Special Dividend will be paid on 27 October 2023.

The key dates in relation to the Special Dividend are set out in the table below.

Action	Date
Ex-Dividend Date	18 October 2023
Currency Conversion Date	18 October 2023
Record Date	7.00pm (AEDT) on 19 October 2023
Election Date - final date to elect to receive foreign currency	19 October 2023
Payment Date	27 October 2023

 

Payment Currencies

The currencies in which dividend payments will be made are included in the table below:

Currency to be paid	Shareholders
Australian dollars	Shareholders who will not be paid US dollars, PNG kina or NZ dollars in accordance with the circumstances set out below.
US dollars	Shareholders who: have nominated a US dollar bank account domiciled in the USA by 5:00pm (AEDT) on 19 October 2023, being the Election Date; or are listed on the Canadian register of shareholders (CUSIP Q6651B114 or CUSIP AU000000NCM7).
Papua New Guinea kina	Shareholders: who have nominated a PNG kina bank account domiciled in PNG by 5:00pm (AEDT) on 19 October 2023, being the Election Date; or with a registered address in PNG who have not nominated an Australian dollar bank account domiciled in Australia, or a US dollar bank account domiciled in the USA, or a NZ dollar bank account domiciled in New Zealand, by 5:00pm (AEDT) on 19 October 2023, being the Election Date.
NZ dollars	Shareholders who have nominated a NZ dollar bank account domiciled in New Zealand by 5:00pm (AEDT) on 19 October 2023, being the Election Date.

 

Payments made in Australian dollars, Papua New Guinea kina and New Zealand dollars will be converted from US dollars at the prevailing exchange rate on 18 October 2023, being the Currency Conversion Date.

Mandatory Direct Credit of dividends applies to shareholders with a registered address in Australia, Papua New Guinea or New Zealand. Those shareholders are unable to receive their dividend by way of cheque.

Suspension of Dividend Reinvestment Plan

The Dividend Reinvestment Plan (DRP) will not apply to the Special Dividend as the Newcrest Board suspended the DRP with effect from 11 August 2023.

Shareholder Information Line

If you have any questions in relation to the Scheme, please contact the Newcrest Shareholder Information Line on 1800 425 578 (within Australia) or +61 1800 425 578 (outside Australia), between 8.30am and 7.30pm (Melbourne time), Monday to Friday (excluding public holidays).

Authorised by the Newcrest Board

For further information please contact

Investor Enquiries

Tom Dixon
+61 3 9522 5570
+61 450 541 389
Tom.Dixon@newcrest.com.au

Rebecca Lay
+61 3 9522 5298
+61 438 355 511
Rebecca.Lay@newcrest.com.au

North American Investor Enquiries

Vlada Cvijetinovic
+1 604 335 9202
+1 604 240 2998
Vlada.Cvijetinovic@newcrest.com.au

Media Enquiries

Celina Watt
+61 3 9522 4264
+61 436 677 220
Celina.Watt@newcrest.com.au

This information is available on our website at www.newcrest.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/182969

FAQ

What is the amount of the special dividend?

The special dividend is US$1.10 per share.

When will the special dividend be paid?

The special dividend will be paid on October 27, 2023.

What is the condition for the payment of the special dividend?

The payment of the special dividend is conditional on the proposed acquisition of Newcrest by Newmont Corporation.

What are the key dates related to the special dividend?

The key dates are the Ex-Dividend Date on October 18, 2023, the Record Date on October 19, 2023, and the Payment Date on October 27, 2023.

In which currencies will the dividend payments be made?

The dividend payments will be made in Australian dollars, US dollars, Papua New Guinea kina, and New Zealand dollars.

What is the conversion rate for the dividend payments?

The dividend payments will be converted from US dollars at the prevailing exchange rate on October 18, 2023.

Is the Dividend Reinvestment Plan applicable to the special dividend?

No, the Dividend Reinvestment Plan has been suspended for the special dividend.

Who can I contact for more information?

You can contact the Newcrest Shareholder Information Line or the provided investor and media contacts for further information.