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CORONATION FUND MANAGERS LIMITED - Financial Results For The Interim Period Ended 31 March 2021 And Cash Dividend Declaration

Release Date: 25/05/2021 07:15
Code(s): CML     PDF:  
Wrap Text
Financial Results For The Interim Period Ended 31 March 2021 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 2021 AND CASH
DIVIDEND DECLARATION


1.   SALIENT FEATURES

     Revenue increased by 22.5% to R2,168 million, from R1,769 million in the prior
     corresponding period.

     Basic and headline earnings per share increased by 43.5% to 255.8 cents per share, from
     178.3 cents per share in the prior corresponding period.

     Fund management earnings are used by management to measure operating financial
     performance, which excludes the net impact of fair value gains and losses, and related
     foreign exchange, on investment securities held. Fund management earnings per share
     increased by 36.0% to 244.0 cents per share, from 179.4 cents per share in the prior
     corresponding period.

     Interim dividend increased by 37.1% to 244.0 cents, from 178.0 cents in the prior
     corresponding period.

2.   DIVIDEND DECLARATION

     The directors resolved to declare an interim gross dividend of 244 cents (March 2020:
     178.0 cents) per share from income reserves for the period ended 31 March 2021. The
     dividend amount, net of South African dividend tax of 20%, is 195.2 cents (March 2020:
     142.4 cents) per share for those shareholders who are not exempt from Dividends 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, 25 May 2021
     Last day to trade cum dividend:                      Tuesday, 8 June 2021
     Trading ex-dividend commences:                       Wednesday, 9 June 2021
     Record date:                                         Friday, 11 June 2021
     Payment date:                                        Monday, 14 June 2021

     Share certificates may not be dematerialised or rematerialised between Wednesday,
     9 June 2021 and Friday, 11 June 2021, 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/2021/JSE/ISSE/CML/CMLHY21.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/2021/2021-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, KPMG Inc. who
     expressed an unmodified review opinion thereon.


25 May 2021

Sponsor
PSG Capital

Date: 25-05-2021 07:15:00
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