CORONATION FUND MANAGERS LIMITED - Financial results for the interim period ended 31 March 2024 and cash dividend declaration

Financial results for the interim period ended 31 March 2024 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 INTERIM PERIOD ENDED 31 MARCH 2024 AND CASH
DIVIDEND DECLARATION


1.   SALIENT FEATURES

     Revenue increased by 4.3% to R1,893 million from R1,815 million in the prior
     corresponding period.

     Basic earnings and headline earnings per share increased to 200.5 cents per share, from
     6.2 cents per share in the prior corresponding period.

     Fund management earnings are used by management to measure operating financial
     performance, which excludes the net mark-to-market impact of fair value gains and
     losses, and related foreign exchange, on investment securities held. Fund management
     earnings per share increased to 185.8 cents per share, from a loss of 13.0 cents per share
     in the prior corresponding period.

     An interim dividend of 185.0 cents per share was declared for the period ended 31 March
     2024 (no dividend was declared in the prior corresponding period).

2.   DIVIDEND DECLARATION

     The directors resolved to declare an interim gross dividend of 185.0 cents (March
     2023:Nil) per share from income reserves for the period ended 31 March 2024. The
     dividend amount, net of South African dividend tax of 20%, is 148.0 cents (March
     2023:Nil) per share for those shareholders who are not exempt from Dividend Tax. The
     number of ordinary shares in issue at the declaration date is 349 592 298 and the income
     tax number of the Company is 9 675 107 719.

     The salient dates of the dividend declaration are:

     Declaration date:                                      Tuesday, 21 May 2024
     Last day to trade cum dividend:                        Tuesday, 11 June 2024
     Trading ex-dividend commences:                         Wednesday, 12 June 2024
     Record date:                                           Friday, 14 June 2024
     Payment date:                                          Tuesday, 18 June 2024

     Share certificates may not be dematerialised or rematerialised between Wednesday,
     12 June 2024 and Friday, 14 June 2024, both days inclusive.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only an extract of the information in the full condensed consolidated interim
     financial statements for the six months ended 31 March 2024 ("Interim Results") and
     does not contain full or complete details. Included in these Interim Results is the external
     auditors, KPMG Inc.'s, unmodified review report. The Interim Results can be found at:
     https://senspdf.jse.co.za/documents/2024/JSE/ISSE/CML/CMLHY24.pdf

     A copy of the Interim Results are also available for viewing on the Company's website at
     https://www.coronation.com/globalassets/sa-personal/shareholder-
     information/company-reports/2024/2024-march-reviewed-interim-results.pdf. A copy may
     be requested in printed format (at no cost) from the Company on 021 680 2000,
     alternatively an electronic copy may be requested from NHawa@coronation.com.

     Fund management earnings per share, excluding the impact of the SARS matter, is pro
     forma financial information for JSE purposes. The necessary disclosure and a
     reconciliation of this performance measure to fund management earnings per share is
     included in the Interim Results. KPMG Inc.'s unmodified auditors assurance report
     thereon is available for viewing on the Company's website at:
     https://www.coronation.com/globalassets/repository/shareholder-information/results-
     and-presentations/2024/coronation-auditors-assurance-report-2024.pdf

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Interim Results, as a whole as the information in this announcement
     does not provide all the details.


Cape Town
21 May 2024

Sponsor
Valeo Capital (Pty) Ltd

Date: 21-05-2024 07:30:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.