Pengana Capital : PCG Appendix 4D and Interim Report 31 December 2021

Pengana Capital Group Limited

Appendix 4D

Half-year report

	1. Company details
	Name of entity:	Pengana Capital Group Limited
only	43 059 300 426
	ABN:
	Reporting period:	For the half-year ended 31 December 2021
	Previous period:	For the half-year ended 31 December 2020
	2. Results for announcement to the market
					$'000
	Revenues from ordinary activities	up	73.7%	to	54,050
	Profit from ordinary activities after tax attributable to the owners of
	P ngana Capital Group Limited	up	389.9%	to	15,506
	Profit for the half-year attributable to the owners of Pengana Capital
	Group Limited	up	389.9%	to	15,506
use		31 Dec 2021	31 Dec 2020
personal		Cents	Cents
		18.51	3.79
	Basic earnings per share
	Diluted earnings per share			17.22	3.72
	Dividends:
					Franked
			Amount per	amount per
			security	security
				Cents	Cents
	On 31 August 2021, a final dividend was declared for the year ended 30 June 2021 and paid
	on 20 September 2021 to shareholders registered on 6 September 2021.		8.0	8.0
	On 25 February 2022, the directors declared an interim dividend for the half-year ended 31
	D c mber 2021 to be paid on 17 March 2022 to shareholders registered on 3 March 2022.	12.0	12.0

Comments

Please refer to the Chief Executive Officer's Report accompanying the interim report for a comprehensive review of operations.

For
	3. Net tangible assets
		Reporting		Previous
		period		period
		Cents		Cents
	Net tangible assets per ordinary security	49.37	31.34

The net tangible assets per ordinary security for the reporting period is calculated based on 83,529,844 (31 December 2020: 83,659,689) ordinary shares on issue. This number does not include 25,489,961 (31 December 2020: 24,275,856) treasury shares. Net tangible assets exclude intangible assets, right-of-use assets, deferred tax liabilities and lease liabilities.

The net tangible assets per ordinary security are negatively impacted by the accounting treatment of the company's loan share plan whereby shares issued under the plan (treasury shares) are not recognised in equity and the associated loans are not recorded as an asset until the associated loans are repaid. Repayment is due on or before September 2028. The underlying net tangible assets per ordinary security recognising the treasury shares in equity and associated loans as assets is 66.22 cents (31 December 2020: 53.55 cents).

Pengana Capital Group Limited

Appendix 4D

Half-year report

4. Loss of control over entities

only	PT Private Capital Pty Ltd
	Name of entities (or group of entities)
	Date control lost	1 July 2021
			$'000
	C ntribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax
	during the period (where material)		-
	Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) whilst
	controlled during the whole of the previous period (where material)	407
use
	5. Dividend reinvestment plans ('DRP')

The company has a dividend reinvestment plan ('DRP'). The DRP will not be operative for the dividend declared on 25 Febr ary 2022.

	6. Details of associates and joint venture entities
		Reporting entity's
		percentage holding
		Reporting	Previous
		period	period
	Name of associate / joint venture	%	%
	Lizard International Master Fund LP	2.88%	2.50%
	High Conviction Property Securities Fund	2.23%	4.96%
	Pengana Private Equity Trust	0.05%	-
	Cont ibutions to the statement of profit or loss for the above investments were individually not material.
personal

7. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim ForRepo t.

8. Attachments

Details of attachments (if any):

The Interim Report of Pengana Capital Group Limited for the half-year ended 31 December 2021 is attached.

Pengana Capital Group Limited

Appendix 4D

Half-year report

9. Signed
As authorised by the Board of Directors
personalForuse only	Date: 25 February 2022
Signed ___________________________
Warwick Negus
Chairman
Sydney

INTERIM REPORT

use only
personalFor	PENGANA CAPITAL
GROUP LIMITED
	INTERIM REPORT
	PENGANA CAPITAL GROUP LIMITED
	ABN 43 059 300 426
	HEAD OFFICE
	Levels 1, 2 & 3, 60 Martin Place
	Sydney NSW 2000
	Australia
	Ph.: [phone]
	Fax: [phone]
	PENGANA.COM

31 December

2021

For personal use only

TABLE OF

CONTENTS

Corporate directory	1
Letter from the Chief Executive Officer	2
Directors' report	5
Auditor's independence declaration	7
Statement of profit or loss	8
Statement of other comprehensive income	9
Statement of financial position	10
Statement of changes in equity	11
Statement of cash flows	12
Notes to the financial statements	13
Directors' declaration	19
Independent auditor's review report to the members of Pengana Capital Group Limited	20