Notification of dividend / distribution
Update Summary
For personal use only
Entity name
PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED
Security on which the Distribution will be paid
PNI - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
15/3/2022
Reason for the Update
Update to Part 2B - Currency Information
Refer to below for full details of the announcement
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Notification of dividend / distribution
Announcement Details
only | ||||
Part 1 - Entity and announcement details | ||||
1.1 Name of +Entity | ||||
PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED | ||||
1.2 Registered Number Type | Registration Number | |||
use | ACN | |||
100325184 | ||||
1.3 ASX issuer code | ||||
PNI | ||||
1.4 The announcement is | ||||
Update/amendment to previous announcement | ||||
personal | 1.4a Reason for update to a previous announcement | |||
Update to Part 2B - Currency Information | ||||
1.4b Date of previous announcement(s) to this update | ||||
14/3/2022 | ||||
1.5 Date of this announcement | ||||
15/3/2022 | ||||
1.6 ASX +Security Code | ||||
PNI | ||||
ASX +Security Description | ||||
For | ORDINARY FULLY PAID | |||
Pa t 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)
31/12/2021
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Notification of dividend / distribution
2A.4 | +Record Date |
4/3/2022 | |
2A.5 | Ex Date |
3/3/2022 |
only | 2A.6 Payment Date | |
18/3/2022 | ||
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 | ||
use | 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 | ||
personal | 2A.9 Total dividend/distribution payment amount per | |
+security (in primary currency) for all | ||
dividends/distributions notified in this form | ||
AUD 0.17500000 | ||
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? | ||
Yes | ||
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 | 2A.11a(i) DRP Status in respect of this | |
this dividend/distribution? | dividend/distribution | |
Yes | Full DRP | |
For | 2A.12 Does the +entity have tax component information | |
apart from franking? | ||
No | ||
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
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personal use only
Notification of dividend / distribution
2B.2 Please provide a description of your currency arrangements
Where a shareholder has nominated an Australian or New Zealand bank account for receipts of payments, payments will be made by direct credit in AUD or NZD as applicable.
In the absence of any such nomination, payments will be made as follows:
- shareholders with a registered address in New Zealand will receive payment by direct credit in NZD (when they provide a New Zealand bank account); and
- all other shareholders will be paid in AUD.
Payments in NZD referred to above will be converted from AUD prior to the dividend payment date.
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
Currency | Payment currency equivalent amount per security |
NZD - New Zealand Dollar | NZD 0.18555057 |
2B.2b Please provide the exchange rates used for non-primary currency payments
AUD/NZD 1.060289
2B.2c If payment currency equivalent and exchange | Estimated or Actual? |
rates not known, date for information to be released | Actual |
14/3/2022 |
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?
Yes
2B.3a Please describe what choices are available to a securityholder to receive a currency different to the currency they would receive under the default arrangements
Shareholders can elect to receive dividends in New Zealand currency.
2B.3b Date and time by which any document or communication relating to the above arrangements must be received in order to be effective for this dividend/distribution
Friday March 4, 2022 17:00:00
2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged
Shareholders can either provide their bank details to the Company's share registry online or download a form to be lodged with the Company's share registry athttps://www-au.computershare.com/Investor/#Home. Alternatively, the share registry can be contacted directly by calling 1300 552 270 (within Australia) or +61 3 9415 4000 (outside Australia).
Part 3A - Ordinary dividend/distribution
For | 3A.1 Is the ordinary dividend/distribution estimated at | ||
this time? | |||
No | |||
3A.1b Ordinary Dividend/distribution amount per | |||
security | |||
AUD 0.17500000 |
3A.1a Ordinary dividend/distribution estimated amount per +security
AUD
3A.2 Is the ordinary dividend/distribution franked? Yes
3A.2a Is the ordinary dividend/distribution fully franked? Yes
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Notification of dividend / distribution
3A.3 | Percentage of ordinary dividend/distribution that is | 3A.3a Applicable corporate tax rate for franking credit | |||
franked | (%) | ||||
100.0000 % | 30.0000 % | ||||
3A.4 | Ordinary dividend/distribution franked amount per | 3A.5 Percentage amount of dividend which is unfranked | |||
only | +security | 0.0000 % | |||
AUD 0.17500000 | |||||
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 | |||||
use | AUD 0.00000000 | ||||
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? | ||||
personal | Do not participate in DRP (i.e. cash payment) | ||||
4A.2 | Last date and time for lodgement of election | 4A.3 DRP discount rate | |||
notices to share registry under DRP | 0.0000 % | ||||
Friday March 11, 2022 17:00:00 | |||||
4A.4 | Period of calculation of reinvestment price | ||||
Start Date | End Date | ||||
7/3/2022 | 11/3/2022 | ||||
4A.5 | DRP price calculation methodology | ||||
Volume weighted average price | |||||
4A.6 | DRP Price (including any discount): | 4A.7 DRP +securities +issue date | |||
AUD 9.51700 | 18/3/2022 | ||||
4A.8 | Will DRP +securities be a new issue? | 4A.8a Do DRP +securities rank pari passu from +issue | |||
Yes | date? | ||||
For | Yes | ||||
4A.9 | Is there a minimum dollar amount or number of +securities required for DRP participation? | ||||
No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No
4A.11 Are there any other conditions applying to DRP participation? No
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Pinnacle Investment Management Group Limited published this content on 15 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2022 00:59:02 UTC.