25 August 2016
The Manager
Company Announcements
Australian Securities Exchange Limited 20 Bridge Street
Sydney NSW 2000
Dear Sir / Madam
Perpetual Limited - Final Report (Appendix 4E) for the year ended 30 June 2016.
Perpetual Limited ABN 86 000 431 827
Angel Place
Level 18, 123 Pitt Street Sydney NSW 2000 Australia
GPO Box 4172
Sydney NSW 2001 Australia
Telephone 02 9229 9000
Facsimile 02 9232 8936 www.perpetual.com.au
The Directors of Perpetual Limited (the "Company") announce the audited results of the consolidated group for the year ended 30 June 2016 as follows:
Results for announcement to the marketExtracted from 30 June 2016 Annual Financial Report | Movement |
$'000 %
Revenue from ordinary activities excluding income from structured investments (1) 489,641 -2%(2) Net profit after tax attributable to equity holders of Perpetual Limited 132,005 +8%
Underlying net profit after tax excluding significant items attributable to equity
(3)
holders of Perpetual Limited 128,193-4%
1
Structured investments revenue totalled $11,055,000 (30 June 2015: $10,109,000).
2
FY15 revenue from ordinary activities has been restated to include 'Net gain on sale of investments' of $5,522,000.
3
FY15 underlying net profit after tax has been restated to include 'Gain on disposal/impairment of investments' of $3,232,000.
Dividend informationAmounts per Share
Franked amounts per
(cents) | Share (cents) | ||
Interim dividend per share (paid 24 March 2016) | 125 | 125 | 30% |
Final dividend per share (to be paid 28 September 2016) | 130 | 130 | 30% |
Total dividends per share for the year | 255 | 255 |
Tax Rate for Franking
Final dividend datesEx-dividend date 5 September2016
Record date 6 September 2016
Payment date 28 September 2016
Net tangible assets | 30-Jun-16 | 30-Jun-15 |
Net tangible assets per security | $5.50 | $5.16 |
Additional Appendix 4E disclosure requirements can be found in the notes to the 2016 Perpetual Limited consolidated financial statements included in the Annual Report.
This report is based on the consolidated financial statements which have been audited by KPMG.
Dividend Reinvestment Plan (DRP)
The Perpetual Board has determined that in relation to the 2016 final dividend the DRP will operate as follows:
The allocation price at which shares are allocated will not include a discount;
The pricing period for setting the Average Market Price will be the 10 trading days commencing 8 September 2016 and ending 21 September 2016; and
Shares allocated under the DRP will, from the date of Allocation, rank equally in all respects with existing Shares.
The DRP discount and other terms are reviewed prior to each dividend payment and the DRP terms that will apply to future dividends will be announced to the ASX at the relevant times.
The DRP terms that apply to the dividend, and a complete copy of the DRP Rules, can be found within the Shareholder Centre section of Perpetual's website at https://www.perpetual.com.au/About/Shareholders.
Last Election Date for Participation in the 2016 Final Dividend DRP
If shareholders wish to participate in the DRP for the upcoming dividend, or to change their level of participation, they must complete a DRP Participation Notice and return it to Perpetual's share registry, Link Market Services, by no later than 5:00pm, Australian Eastern Standard Time, on 7 September 2016.
The remainder of the information requiring disclosure to comply with listing rule 4.3A is contained in the statutory financial report, media release and additional information.
Further information regarding Perpetual and its business activities can be obtained by visiting the company's website at www.perpetual.com.au.
Yours faithfully
Gillian Larkins
Chief Financial Officer
Perpetual Limited published this content on 25 August 2016 and is solely responsible for the information contained herein.
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