Base Resources dividend policy

Consistent with Base Resources’ growth strategy, the Company seeks to provide returns to shareholders through both long-term growth in the Company’s share price and appropriate cash distributions.

Cash not required to meet the Company’s near-term growth and development requirements, or to maintain requisite balance sheet strength in light of prevailing circumstances, could be expected to be returned to shareholders.

FY20 Full Year Dividend

Dividend amount

Reflecting this policy, the Board has determined a maiden dividend of A$0.035 per share, unfranked (FY20 Dividend), with a record date of 21 September 2020 and payment date of 7 October 2020.

Dividend payments and withholding tax

Dividend payments will be made, and any required withholdings in respect of tax will be determined, based on applicable information provided to the Company’s share registry, Computershare, by 7.00 pm (AEST) on Monday, 21 September 2020.

Designated currencies, exchange rates and elections

The FY20 Dividend has been determined in Australian dollars.  However, Base Resources will pay the FY20 Dividend in any of Australian dollars, British pounds sterling and US dollars (Designated Currencies).

The FY20 Dividend will be converted to British pounds sterling and US dollars based on the following exchange rates as set on the record date (Monday, 21 September 2020).

Exchange rate Amount per share
AUD / GBP 0.564 £0.01974
AUD / USD 0.7305 US$0.0255675

 

Unless a shareholder elects otherwise prior to 7.00 pm (AEST) on Monday, 21 September 2020:

  • participating shareholders with a registered address in the United Kingdom will be paid the FY20 Dividend in British pounds sterling;
  • participating shareholders with a registered address in the United States will be paid the FY20 Dividend in US dollars; and
  • all other participating shareholders (including shareholders with a registered address in Australia) will be paid the FY20 Dividend in Australian dollars.

Key dates

The key dates for the FY20 Dividend are as follows:

Event Date
Ex-date Friday, 18 September 2020
Record date Monday, 21 September 2020
Date of exchange rate used for foreign Designated Currencies Monday, 21 September 2020
Last date for Designated Currency elections Monday, 21 September 2020
Announcement of exchange rate and dividend amount in foreign Designated Currencies Wednesday, 23 September 2020
Payment date Wednesday, 7 October 2020