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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Notification of dividend / distribution
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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Notification of dividend / distribution
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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Pacific Current Group Ltd. published this content on 07 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2020 16:24:00 UTC