CORONATION FUND MANAGERS LIMITED - Financial Results For The Year Ended 30 September 2021 And Cash Dividend Declaration

Financial Results For The Year Ended 30 September 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 YEAR ENDED 30 SEPTEMBER 2021 AND CASH
DIVIDEND DECLARATION


1.   SALIENT FEATURES

     Revenue increased by 17.1% to R4,263 million, from R3,642 million in the prior
     corresponding period.

     Headline earnings per share increased by 22.4% to 487.9 cents per share, from 398.5
     cents per share in the prior corresponding period.

     Earnings per share increased by 22.4% to 487.9 cents per share, from 398.5 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 22.9% to 470.9 cents per share, from 383.1 cents per share in the prior
     corresponding period.

     Gross dividends per share increased by 22.7% to 470 cents per share, from 383 cents
     per share in the prior corresponding period.


2.   DIVIDEND DECLARATION

     The directors resolved to declare a final gross dividend of 226 cents (2020: 205 cents)
     per share from income reserves in respect of the year ended 30 September 2021. The
     dividend amount, net of South African dividend tax of 20%, is 180.8 cents (2020: 164.0
     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, 23 November 2021
     Last day to trade cum dividend                        Tuesday, 7 December 2021
     Trading ex-dividend commences                         Wednesday, 8 December 2021
     Record date                                           Friday, 10 December 2021
     Payment date                                          Monday, 13 December 2021

     Share certificates may not be dematerialised or rematerialised between Wednesday, 8
     December 2021 and Friday, 10 December 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/CMLFY21.pdf

     A copy 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/2021/2021-reviewed-preliminary-annual-results.pdf and may be
     requested in person (subject to Covid-19 regulations), at the Company’s registered office
     or the office of the sponsor, at no charge, during office hours. A copy may also be
     requested in printed format (at no cost) from the Company on 021 680 2000.

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

     The Company has based this short-form announcement on the financial results for the
     year ended 30 September 2021 which have been reviewed by the Company’s external
     auditors, KPMG Inc, who expressed an unmodified review conclusion.


Cape Town
23 November 2021

Sponsor
PSG Capital 

Date: 23-11-2021 07:15:00
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