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LIBERTY FINANCIAL GROUP — Capital/Financing Update 2021
Jun 22, 2021
65227_rns_2021-06-22_f87645cd-8609-475f-a181-7895e5b1b1b0.pdf
Capital/Financing Update
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23 June 2021
LIBERTY GROUP UPDATED FY21 EARNINGS GUIDANCE AND DISTRIBUTION
Earnings Guidance
Liberty Group (ASX:LFG) announces a revision to the forecast FY21 Underlying NPATA to be in excess of $220 million before any adjustment to the collective provision for financial asset impairment. The revision reflects better than expected trading performance since the last earnings guidance announcement on 25 February 2021.
Distribution
LFG affirms guidance disclosed in the IPO Prospectus that its first distribution will be an unfranked trust distribution reflecting a payout ratio between 40% and 80% of Underlying NPAT for the period 1 December 2020 to 30 June 2021. LFG estimates the distribution will be 24 cents per Security. The distribution amount will finalised on 30 August 2021 and paid on 31 August 2021 to Securityholders of record on 30 June 2021.
The FY21 annual results will be released to the market on 30 August 2021.
Authorised by the Board.
Investor contact:
Peter Riedel +61 3 8635 8005 [email protected]
About the Liberty Group
Liberty Group is a leading diversified finance company in Australia and New Zealand. Its businesses include residential and commercial mortgages, motor vehicle finance, personal loans, business loans, broking services, general insurance and investments. Liberty has raised more than $30 billion in domestic and international capital markets. Since 1997, Liberty has helped more than 500,000 customers get financial.