Notification of dividend / distribution
Announcement Summary
Entity name
EVOLVE EDUCATION GROUP LIMITED
Security on which the Distribution will be paid
EVO - ORDINARY FULLY PAID
Announcement Type
New announcement
Date of this announcement
Monday May 23, 2016
Distribution Amount
NZD 0.02380000
Ex Date
Tuesday June 7, 2016
Record Date
Wednesday June 8, 2016
Payment Date
Monday June 20, 2016
DRP election date
Thursday June 9, 2016 15:00:00
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
Name of +Entity
EVOLVE EDUCATION GROUP LIMITED
Registration Number
601709237
Registered Number Type
ARBN
ASX issuer code
EVO
The announcement is
New announcement
Date of this announcement
Monday May 23, 2016
ASX +Security Code
EVO
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)
Thursday March 31, 2016
2A.4 +Record Date
Wednesday June 8, 2016
2A.5 Ex Date
Tuesday June 7, 2016
2A.6 Payment Date
Monday June 20, 2016
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")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
NZD 0.02380000
2A.9a AUD equivalent to total dividend/distribution amount per +security 0.02230536
2A.9c FX rate (in format AUD 1.00 / primary currency rate): AUD
AUD 1.00
FX rate (in format AUD rate/primary currency rate) Primary Currency rate
NZD 1.06700800
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
2A.11a(i) DRP Status in respect of this dividend/distribution
Full DRP
2A.13 Withholding tax rate applicable to the dividend/distribution
15.000000
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at this time?
No
3A.1b Ordinary Dividend/distribution amount per security
NZD 0.02380000
3A.2 Is the ordinary dividend/distribution franked?
No
3A.3 Percentage of ordinary dividend/distribution that is franked 0.0000 %
3A.4 Ordinary dividend/distribution franked amount per +security
NZD 0.00000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
NZD 0.02380000
3A.1a Ordinary dividend/distribution estimated amount per +security
NZD
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
Yes
3F.2 Is the supplementary dividend/distribution estimated at this time?
No
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.00419900
3F.3 Is the Supplementary dividend/distribution franked?
No
3F.4 Percentage of Supplementary dividend/distribution that is franked 0.0000 %
3F.5 Supplementary dividend/distribution franked amount per +security
NZD 0.00000000
3F.4a Applicable corporate tax rate for franking credit (%)
%
3F.6 Percentage of Supplementary dividend/distribution that is unfranked 100.0000 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.00419900
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
Thursday June 9, 2016 15:00:00
4A.4 Period of calculation of reinvestment price
Start Date
Thursday June 9, 2016
4A.5 DRP price calculation methodology
4A.3 DRP discount rate
0.0000 %
End Date
Wednesday June 15, 2016
The DRP price is the volume weighted average sale price in New Zealand Dollars (expressed in cents and fractions of cents) for a share calculated on all trades of shares which took place through the NZX Main Board over the period of 5 trading days immediately following the Record Date. For full details please read the DRP offer document.
4A.6 DRP Price (including any discount):
NZD
4A.8 Will DRP +securities be a new issue?
Yes
4A.7 DRP +securities +issue date
Monday June 20, 2016
4A.8a Do DRP +securities rank pari passu from
+issue date?
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
Evolve Education Group Ltd. published this content on 23 May 2016 and is solely responsible for the information contained herein.
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