Ann: FORECAST: NPX: Capital Management Update

• Release Date: 22/05/15 09:00
• Summary: FORECAST: NPX: Capital Management Update
• Price Sensitive: No
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					NPX
22/05/2015 09:00
FORECAST
PRICE SENSITIVE
REL: 0900 HRS Nuplex Industries Limited

FORECAST: NPX: Capital Management Update

NZX/ASX/NEWS RELEASE     22 May 2015

Capital Management Update

FY15 total dividend expected to be 27 cents per share
Board expects to grow future dividends in line with earnings growth

Today, the company announced the outcomes of its Capital Management Review.

In addition to the already announced on-market buyback of up to 5% of issued
share capital in February 2015, the key outcomes are;

o Nuplex's dividend payout ratio will be a minimum of 60% of net profit
attributable to shareholders (previously the range was 55 - 65%).

o The Board intends to declare a final dividend of approximately 17 cents per
share to give a total dividend of approximately 27 cents per share for the
2015 Financial Year up from 21 cents in the prior financial year, subject to
the final financial results for the 12 months ended 30 June 2015 and the
completion of audited accounts.

o The Board expects dividends to grow in line with future earnings.
Having regard to the results year to date and the forecast for the remainder
of the financial year, it is the Board's intention to pay a total dividend of
27 cents per share for the 2015 Financial Year, subject to making a final
decision following the completion and review of the trading results for the
period ended 30 June 2015.
Nuplex's Chairman Peter Springford said, "The sale of Nuplex's ANZ focused
Specialties and Masterbatch businesses at the end of 2014 provided a timely
opportunity for the Board to review Nuplex's strategy and its capital
management.
"The Board concluded that Nuplex's strategy is delivering. The capital
management review concluded that the Company is in a position to undertake
the share buyback, and to grow dividends while maintaining a strong balance
sheet and the capacity to invest in organic growth in the future," concluded
Mr Springford.

Nuplex is holding a strategy update next Monday 25 May 2015 at 10.00am NZST.
It will be webcast and archived via the company website at www.nuplex.com.

- Ends -

ABOUT NUPLEX
Nuplex is a leading, global manufacturer of resins used in paints, coatings
and structural materials. The company has an integrated sales, manufacturing
and R&D network, located across Europe, Australia & New Zealand, Asia, and
the Americas and sells its products in more than 80 countries world-wide.

The global coating resins operations supply resins used in a wide variety of
paint and coating applications, including: decorative and trim paint,
automotive coatings, vehicle refinish, wood flooring and furniture coatings,
metal furniture coatings, consumer electronics and white goods coatings,
marine & protective coatings, and coatings for infrastructure and transport.

In Australia and New Zealand, Nuplex is also a leading producer of resins
used in composites and pulp & paper products. The company has approximately
1,700 employees operating in 12 countries, spread over four continents.

For further information, please contact:

Investors:
Josie Ashton, Nuplex
 +61 2 8036 0906  [email protected]

Media:
Louisa Jones, Porter Novelli on behalf of Nuplex
 +64 21 299 2628  [email protected]
End CA:00264675 For:NPX    Type:FORECAST   Time:2015-05-22 09:00:33