RAMSAY HEALTH CARE LIMITED Notification of dividend / distribution
Notification of dividend / distribution
Part 1 - Entity and announcement details
1.1 Name of +Entity
RAMSAY HEALTH CARE LIMITED
1.2 Registered Number Type
ABN
Registration Number
57001288768
1.3 ASX issuer code
RHC
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
The announcement on 21 April 2015 was conditional upon the Board of Ramsay Health Care resolving to pay the dividend in accordance with the term of issue as set out in Appendix A of the Prospectus dated 27 April 2005. This condition has now been met. The CARES dividend has been declared for payment on 20 October 2015.
1.4b Date of previous announcement(s) to this update
Tuesday April 21, 2015
1.5 Date of this announcement
Thursday August 27, 2015
1.6 ASX +Security Code
RHCPA
ASX +Security Description
TRANS PREF 6-BBSW+ 4.85% PERP SUB RED T-10-10
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)
Monday October 19, 2015
2A.4 +Record Date
Friday October 2, 2015
2A.5 Ex Date
Wednesday September 30, 2015
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2A.6 Payment Date
Tuesday October 20, 2015
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.
Yes
2A.7a Approvals
Approval/condition Other (please specify in comment section) | Date for determination Thursday August 27, 2015 | Is the date estimated or actual? Actual | **Approval received/condition met? Yes |
Comments Payment of this dividend is subject to the Board of the Company resolving to pay the dividend in accordance with the terms of issue as set out in Appendix A of the Prospectus dated 27 April 2005. (A copy of the Prospectus is available in PDF format on the Company website: www.ramsayhealth.com/Investors/CARES) |
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
AUD 2.50940000
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?
Yes
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We do not have a securities plan for dividends/distributions on this security
2A.12 Does the +entity have tax component information apart from franking?
No
Part 2B - Currency Information
Estimated or Actual?
Actual
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2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).
No
2B.3b Date and time by which any document or communication relating to the above arrangements must be received in order to be effective for this dividend/distribution
2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged
The default currency for the dividend is AUD.
For non-resident shareholders who would like to receive their dividend in a local foreign currency, enquiries should be made directly though our Share Registry:
Boardroom Pty Limited
Email: enquiries@boardroomlimited.com.au
Telephone: +61 2 9290 9600
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
AUD 2.50940000
3A.2 Is the ordinary dividend/distribution franked?
Yes
3A.3 Percentage of ordinary dividend/distribution that is franked
100.0000 %
3A.4 Ordinary dividend/distribution franked amount per +security
AUD 2.50940000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
AUD 0.00000000
3A.1a Ordinary dividend/distribution estimated amount per +security
AUD
3A.2a Is the ordinary dividend/distribution fully franked?
Yes
3A.3a Applicable corporate tax rate for franking credit (%)
30.0000 %
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
Part 3D - Preference +security distribution rate details
3D.1 Start date of payment period
Monday April 20, 2015
3D.2 End date of payment period
Monday October 19, 2015
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3D.3 Date dividend/distribution rate is set (optional)
3D.5 Number of days in the dividend/distribution period
183
3D.6 Dividend/distribution base rate (pa)
2.3000 %
3D.7 Comments on how dividend/distribution base rate is set
180 day Bank Bill Swap Rate on the first business day of the Dividend Period, Monday 20 April 2015
3D.8 Dividend/distribution margin
4.8500 %
3D.9 Comments on how dividend/distribution margin is set
The margin for the dividend period is the stepped-up rate of 4.85% announced on 26 August 2010.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-2.1450 %
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
The Dividend Rate = (Market Rate + the Dividend Margin) x (1 - Tax Rate) The Tax Rate is the current prevailing Australian corporate tax rate is 30%
3D.12 Total dividend/distribution rate for the period (pa)
5.0050 %
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
For further information on dividends paid on CARES, please refer to the Ramsay Health Care Limited Prospectus for Convertible Adjustable Rate Equity Securities ('CARES') dated 27 April 2005. A copy of the Prospectus is available in PDF format on the Company website: www.ramsayhealth.com/Investors/CARES
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