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DGAP-News: Bancorp Wealth Management New Zealand announces final year-end dividend 2013/2014

August 28, 2014

DGAP-News: Bancorp Wealth Management New Zealand Limited / Key word(s): Dividend Bancorp Wealth Management New Zealand announces final year-end dividend 2013/2014 29.08.2014 / 08:00 --------------------------------------------------------------------- Bancorp Wealth Management New Zealand announces final year-end dividend 2013/2014 - Bancorp raises final year-end dividend 2013/2014 by 11.1 percent up to 5.0 cents (2012/2013 NZD 4.5 cents) - Bancorp continues to focus on its core business of global aviation - Positive outlook for 2015 Auckland, New Zealand, 29 August 2014 - The Board of Directors of Bancorp Wealth Management New Zealand Limited (Bancorp), an international holding company specialising in the aviation insurance brokering business, has announced the final year-end dividend 2013/2014 of NZD 5.0 cents per share (2012/2013 NZD 4.5 cps). The dividend is an increase on last year and is an indication that the directors believe the business is on track to continue sustainable growth as well as being able to continue making annual distributions to shareholders. Craig Brownie, Managing Director stated: "The business has performed well overall and will achieve a year end attributable net profit very similar to last year and within the guidance given to the market during the year". The company continues to focus on its core business of global aviation and increased its shareholding in Boston Marks Insurance Brokers during the year to just under 50%. Bancorp recently sold its Auckland Airbus transport business realizing significant cash reserves which it intends to invest in the continued growth of Boston Marks and to support Boston Marks' acquisition strategy. The outlook for 2015 is positive and will be a year of continued focus on aviation insurance broking. Craig Brownie stated, that the company would be looking to obtain at least the same result as 2014 with growth dependent on completing acquisitions in Boston Marks as well as global aviation premiums lifting. A final dividend of NZD 5.0 cents per share will be paid on Friday 5 September 2014 to all shareholders on the register as at 5pm on Friday29 August 2014. Bancorp intends to continue its shareholder-friendly dividend policy. Board of Directors For more information visit: www.bancorp.co.nz About us The Entry Standard listed Bancorp Wealth Management New Zealand Limited (ISIN: NZBWME0001S2) has 12 subsidiaries and is active in two divisions, Aviation and Private Banking. The Group's main strategic focus is on the Aviation division, which holds equity investments in the field of insurance brokerage, aviation financing and aviation-related companies. The primary operational focus is on the Group's main growth driver, the current 49,91% equity investment in Boston Marks Holdings Limited, the world's leading independent specialist for the brokerage of aircraft insurance. The achieved international position shall be expanded continuously by organic and inorganic growth. In its Private Banking division, Bancorp offers an extensive portfolio of banking products, services and investment opportunities in New Zealand. --------------------------------------------------------------------- 29.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 284482 29.08.2014


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Source: DGAP Corporate News


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