Full-year FY2021 results announcement

 

Summary

  • FY21 net profit after tax of $75.1m
  • Final dividend of 4.0 cents per share (franked as to 100%), taking the annual dividend yield including the FY21 interim dividend to 5.2%2 (6.7% including franking)
  • Company performance of +21.1%
  • Major initiative to permanently close the NTA discount via a proposal to undertake a scheme of arrangement (Scheme) that will enable shareholders to exchange their shares in the Company for units in Antipodes Global Shares (Quoted Managed Fund) (ASX:AGX1), an existing actively managed ETF for which Antipodes Partners Limited is investment manager
  • APL’s Independent Board Committee (IBC) unanimously considers the Scheme to be in the best interests of APL shareholders and considers the proposal to be a straightforward and very low-cost means of enabling shareholders to exit APL at close to NTA and to access the Manager’s investment expertise via an exchange traded fund
  • The IBC considers the Scheme superior to the Conditional Tender Offer (CTO) approved at APL’s November 2020 AGM.  Consequently the CTO will be suspended pending APL shareholders’ consideration of the Scheme

Further information

Read the Company results here.


2 Based on share price as at 30 June 2021 at $1.12