CORONATION FUND MANAGERS LIMITED - Financial Results For The Interim Period Ended 31 March 2020 And Cash Dividend Declaration

Financial Results For The Interim Period Ended 31 March 2020 And Cash Dividend Declaration

CORONATION FUND MANAGERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
Share code: CML
ISIN: ZAE000047353
LEI: 3789001BC9A29E6FF77
(“Coronation” or “the Company”)


FINANCIAL RESULTS FOR THE INTERIM PERIOD ENDED 31 MARCH 2020 AND CASH
DIVIDEND DECLARATION


1.   SALIENT FEATURES

     Revenue increased by 8.4% to R1,769 million, from R1,632 million in the prior
     corresponding period.

     Basic and headline earnings per share increased by 8.0% to 178.3 cents per share, from
     165.1 cents per share in the prior corresponding period.

     Interim dividend increased by 7.9% to 178.0 cents, from 165.0 cents in the prior
     corresponding period.

2.   DIVIDEND DECLARATION

     The directors resolved to declare an interim gross dividend of 178.0 cents (March 2019:
     165.0 cents) per share from income reserves in the period ended 31 March 2020. The
     dividend amount, net of South African dividend tax of 20%, is 142.4 cents (March 2019:
     132.0 cents) per share for those shareholders who are not exempt from Dividend Tax.
     The number of ordinary shares in issue at the declaration date is 349 799 102 and the
     income tax number of the Company is 9 675 107 719.

     The salient dates of the dividend declaration are:

     Declaration date:                                    Tuesday, 26 May 2020
     Last day to trade cum dividend                       Tuesday, 9 June 2020
     Trading ex-dividend commences                        Wednesday, 10 June 2020
     Record date                                          Friday, 12 June 2020
     Payment date                                         Monday, 15 June 2020

     Share certificates may not be dematerialised or rematerialised between Wednesday, 10
     June 2020 and Friday, 12 June 2020, both days inclusive.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:
     https://senspdf.jse.co.za/documents/2020/JSE/ISSE/CML/CMLHY20.pdf
  
     Copies of the Full Announcement are also available for viewing on the Company’s
     website at https://www.coronation.com/globalassets/sa-personal/shareholder-
     information/company-reports/2020/2020-march-reviewed-interim-results.pdf. Once
     Covid-19 lockdown regulations permit, it is also available to investors for inspection at
     the Company’s registered office and the offices of the sponsor, during normal business
     hours. Copies may be requested in printed format (at no cost) from the Company on 021
     680 2000, alternatively electronic copies may be requested from
     NHawa@coronation.com.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

     These interim results have been reviewed by the Company’s auditors, EY who expressed
     an unqualified review opinion thereon.


26 May 2020

Sponsor
PSG Capital

Date: 26-05-2020 07:05:00
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