CORONATION FUND MANAGERS LIMITED - Financial Results For The Year Ended 30 September 2019 And Cash Dividend Declaration

Financial Results For The Year Ended 30 September 2019 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
(“Coronation” or “the Company”)


FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2019 AND CASH
DIVIDEND DECLARATION


1.   SALIENT FEATURES

     Revenue decreased by 14.5% to R3,291 million, from R3,848 million in the prior
     corresponding period.

     Headline earnings per share decreased by 18.7% to 341.9 cents per share, from 420.7
     cents per share in the prior corresponding period.

     Earnings per share decreased by 18.7% to 341.9 cents per share, from 420.7 cents per
     share in the prior corresponding period.

     Total gross dividends per share decreased by 18.8% to 341 cents per share, from 420
     cents per share in the prior corresponding period.


2.   DIVIDEND DECLARATION

     The directors resolved to declare a final gross dividend of 176 cents (2018: 197 cents)
     per share from income reserves in respect of the year ended 30 September 2019. The
     dividend amount, net of South African dividend tax of 20%, is 140.8 cents (2018: 157.6
     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:

     Last day to trade cum dividend                        Tuesday, 3 December 2019
     Trading ex-dividend commences                         Wednesday, 4 December 2019
     Record date                                           Friday, 6 December 2019
     Payment date                                          Monday, 9 December 2019

     Share certificates may not be dematerialised or rematerialised between Wednesday, 4
     December 2019 and Friday, 6 December 2019, 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/2019/JSE/ISSE/CML/CMLFY19.pdf
  
   Copies of the Full Announcement is also available for viewing on the Company’s website
   at https://www.coronation.com/globalassets/repository/shareholder-information/results-
   and-presentations/2019/2019-reviewed-preliminary-annual-results.pdf or may be
   requested in person, at the Company’s registered office or the office of the sponsor, at no
   charge, during office hours.

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


19 November 2019

Sponsor:

PSG Capital

Date: 19/11/2019 07:05:00
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