Special Dividend and Market Update – correction

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 2021 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