Special Dividend and Market Update

Template
Distribution Notice

Updated as at 18 December 2019



Please note: all cash amounts in this form should be provided to 8 decimal places

Section 1: Issuer information
Name of issuer Briscoe Group Limited
Financial product name/description Ordinary Shares
NZX ticker code BGP
ISIN (If unknown, check on NZX
website)
NZBGRE0001S4
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year Special X
DRP applies
Record date 24/12/2020
Ex-Date (one business day before the
Record Date)
23/12/2020
Payment date (and allotment date for
DRP)
20/01/2021
Total monies associated with the
distribution
1

$ 13,347,960.00000000
Source of distribution (for example,
retained earnings)
Retained Earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.08333333
Gross taxable amount
3
$0.08333333
Total cash distribution
4
$0.06000000
Excluded amount (applicable to listed
PIEs)
$-
Supplementary distribution amount $0.01058824
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed Fully imputed X
Partial imputation
No imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

If fully or partially imputed, please
state imputation rate as % applied
6

28%
Imputation tax credits per financial
product
$0.02333333
Resident Withholding Tax per
financial product
$0.00416667
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
%
Start date and end date for
determining market price for DRP

Date strike price to be announced (if
not available at this time)

Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)

DRP strike price per financial product
$
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms

Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Geoff Scowcroft
Contact person for this
announcement
Geoff Scowcroft
Contact phone number +64 9 815 5678
Contact email address geoff@briscoes.co.nz
Date of release through MAP

11/12/2020





6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.

---

Briscoe Group Limited is a company incorporated in New Zealand and registered in Australia as a foreign company under the name
Briscoe Group Australasia Limited (ARBN 619 060 552). It is listed on the NZX Main Board and also the Australian Securities
Exchange as a foreign exempt entity. (NZX/ASX code: BGP).




Briscoe Group Limited (NZX/ASX code: BGP)

The directors of Briscoe Group Limited announce that today they resolved to pay shareholders a
special fully imputed dividend of 6.0 cents per share.

The dividend will be paid on Wednesday 20 January 2020 with the share register closing to
determine entitlements to the dividend at 5pm on 24 December 2020. The special dividend
payment also includes a supplementary payment to overseas shareholders of $0.010588 per
share.

Board Chair, Dame Rosanne Meo said, “We’re delighted to be able to provide this additional
return to our shareholders in a year which has produced incredible highs and lows. The Group’s
cash position is very strong as a result of the previously cancelled $28 million dividend back in
March but also from the continued exceptional trading experienced since New Zealand came out
of lockdown in May.

“This sustained performance assisted us in being able to repay all of the $11.5 million of wage
subsidy for which we received a huge amount of positive customer and shareholder feedback.
We’re extremely proud of how we supported our employees in full through-out this difficult year
and there were no redundancies or permanent store closures.

“As I commented in our 3
rd
quarter sales announcement made early November, the results being
produced are a real credit to the team led by Rod. The energy and success of the team in
continuing with new developments and initiatives during this extraordinary period has far
exceeded the Board’s expectations.”

Group Managing Director, Rod Duke said, “Trading has continued to be strong as we approach
the half-way stage of our crucial final quarter. Our Black Friday promotions produced record
sales for the Group which augurs well for trading in the lead-up to Christmas and through to our
year-end on 31 January 2021. I am confident that with the current trading momentum we can
produce a full-year result in excess of the $62.6 million reported for the year ended January
2020.”

The Group is due to report its 4
th
quarter sales on Tuesday 9 February 2021 and its full-year
results, including announcement of final dividend, on Tuesday 16 March 2021.


Friday 11 November 2020

Contact for enquiries:
Rod Duke
Group Managing Director
Tel: +64 9 815 3737