Pacific Current : Update – Dividend/Distribution – PAC

Notification of dividend / distribution

Update Summary

Entity name

PACIFIC CURRENT GROUP LIMITED

Security on which the Distribution will be paid

PAC - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Wednesday October 7, 2020

Reason for the Update

Item 4A.6 DRP Price and Item 4A.7 DRP Securities Issue Date

Refer to below for full details of the announcement

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Notification of dividend / distribution

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

PACIFIC CURRENT GROUP LIMITED

1.2	Registered Number Type	Registration Number
ABN	39006708792
1.3	ASX issuer code
PAC

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Item 4A.6 DRP Price and Item 4A.7 DRP Securities Issue Date

1.4b Date of previous announcement(s) to this update

Monday August 31, 2020

1.5 Date of this announcement

Wednesday October 7, 2020

1.6 ASX +Security Code

PAC

ASX +Security Description

ORDINARY FULLY PAID

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Tuesday June 30, 2020

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2A.4 +Record Date

Friday September 18, 2020

2A.5 Ex Date

Thursday September 17, 2020

2A.6 Payment Date

Friday October 23, 2020

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.25000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution estimated at this time?

No

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

3A.1a Ordinary dividend/distribution estimated amount per +security

AUD

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3A.1b Ordinary Dividend/distribution amount per security

AUD 0.25000000

3A.2 Is the ordinary dividend/distribution franked? Yes

3A.3 Percentage of ordinary dividend/distribution that is franked

3A.2a Is the ordinary dividend/distribution fully franked? Yes

3A.3a Applicable corporate tax rate for franking credit

(%)

100.0000 %

30.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.25000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

Part 4A - +Dividend reinvestment plan (DRP)

4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of election notices to share registry under DRP

Monday September 21, 2020 17:00:00

4A.4 Period of calculation of reinvestment price

Start Date

4A.3 DRP discount rate

5.0000 %

End Date

Wednesday September 23, 2020

Tuesday October 6, 2020

4A.5 DRP price calculation methodology

The Allocation Price is calculated as the average of the daily volume weighted average price of PAC Shares traded on ASX, excluding trades not considered to reflect normal supply and demand, on each of the 10 consecutive Trading Days from 23 September 2020 to 6 October 2020, less any applicable Discount.

4A.6	DRP Price (including any discount):	4A.7 DRP +securities +issue date
AUD 5.60000	Friday October 23, 2020
4A.8	Will DRP +securities be a new issue?	4A.8a Do DRP +securities rank pari passu from +issue
Yes	date?
		Yes

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No

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