Share Price1

1H21 Dividend
(Fully Franked)

31.0c

Master Fund Return:
Inception to 31 Oct 2021

12.7% p.a.

Master Fund Net Exposure:
Inception to 31 Oct 2021

70%

30 Sep 2021 FUM

$2.8bn

Founded

2008

ASX: VGI  |  Listing Date: 21 June 2019

VGI Partners Limited is a high conviction global equity manager and manages capital for high net worth individuals and family offices. It is also the Manager for two Listed Investment Companies (LICs): VGI Partners Global Investments Limited (ASX:VG1) and VGI Partners Asian Investments Limited (ASX:VG8). VGI Partners has offices in Sydney, New York and Tokyo.

1Share price is delayed by 20 minutes. Funds Under Management (FUM) data was announced on 18 October 2021.

Board

Robert M. P. Luciano

Executive Chairman

B.Com (Acc/Fin) (UNSW), M.Com (Fin) (UNSW), F.Fin, CFA

 

Mr Luciano has over twenty five years’ experience gained as a portfolio manager, equities analyst and accountant. Prior to founding VGI Partners in 2008, Mr Luciano spent five years as an Executive Director and Investment Manager with Caledonia Investments in Sydney and has also held positions as a Portfolio Manager at Allianz Equity Management and an equities analyst at BNP Paribas (formerly Prudential-Bache Securities Australia). Mr Luciano commenced his career as an accountant with BDO Nelson Parkhill in 1993.

 

Mr Luciano graduated from the University of New South Wales, with a Bachelor of Commerce, majoring in Accounting & Finance and later completed a Master of Commerce, majoring in Advanced Finance. He is a Fellow of the Financial Services Institute of Australasia. Mr Luciano has completed the Chartered Financial Analyst (CFA) Program and has been awarded the CFA Charter.

 

Mr Luciano is a Director of VGI Partners Global Investments Limited (VG1) and VGI Partners Asian Investments Limited (VG8). Mr Luciano is also a Director of The VGI Partners Foundation, a registered charitable organisation.

David F. Jones AM

Executive Director

B.Eng. (1st Class Hons) (Melb.), MBA (Harvard)

 

Mr Jones has over thirty years’ experience in investment markets, the majority as a general partner in private equity firms, and prior to that in general management and management consulting. Mr Jones has been a board member of numerous private and public businesses, including a number in the wealth management sector. Mr Jones was a Managing Director at CHAMP Private Equity (2002-2011); Executive Director and Country Head of UBS Capital (1999-2002) and a Division Director at Macquarie Direct Investment (1994-1999). Mr Jones commenced his career as a Business Analyst at McKinsey & Co. in 1987. He holds a Mechanical Engineering degree from the University of Melbourne (First Class Honours) and a Master of Business Administration from Harvard Business School. In 2021 he was made a Member of the Order of Australia for significant service to the museums and galleries sector, and to the community. Mr Jones was Chair of the National Museum of Australia, a non-executive member of the investment committee of EMR Capital Pty Ltd, Chairman of DTS Capital Partners Pty Ltd and an adviser to Aviron Investment Management Pty Ltd.

 

Mr Jones is the Chairman of VGI Partners Global Investments Limited (VG1) and a Director of VGI Partners Asian Investments Limited (VG8).

Jaye L. Gardner

Non-Executive Director

B.Com (UQLD), LLB (Hons) (UQLD), SF Fin, CA, GAICD

 

Ms Gardner has more than twenty five years’ experience in corporate finance. She is a Managing Director of Grant Samuel, where she is responsible for preparing valuations and independent expert’s reports, primarily for S&P/ASX top 200 companies. She also advises on mergers, acquisitions and asset sales with a focus on the financial services, property, health and media industries. Ms Gardner holds a Bachelor of Commerce and a Bachelor of Laws (First Class Honours) from the University of Queensland. She is a Senior Fellow of the Financial Services Institute of Australasia, an Associate of the Institute of Chartered Accountants in Australia and New Zealand and a Graduate of the Australian Institute of Company Directors. Ms Gardner was a Director of VGI Partners Global Investments Limited (VG1) from 25 July 2017 to 8 May 2019.

Benjamin A. Pronk DSC

Non-Executive Director

B.Arts (UNSW), M.Arts (Kings College), MBA (UWA)

 

Mr Pronk completed a distinguished career in the Australian Army spanning twenty four years, the majority of which was spent within Special Operations Command. In this capacity, Mr Pronk served on multiple combat deployments to Timor Leste, Iraq and Afghanistan, where he was awarded the Distinguished Service Cross for leadership in action. He concluded his service as Commanding Officer of the SAS. Mr Pronk is now the Managing Partner of Mettle Global Holdings, a premium consultancy specialising in crisis, emergency and business continuity management and leadership training. In addition to this role, Mr Pronk is also an Executive-in-Residence at the Australian Graduate School of Management and a patron of the Military Arts Program Australia. Mr Pronk holds a Bachelor of Arts, a Master in Defence Studies (with Distinction) from Kings College, London and a Master of Business Administration (with Distinction) from the University of Western Australia. He is a graduate of the AICD Company Directors Course. Mr Pronk was formerly a member of VGI Partners’ Advisory Council.

Darren J. Steinberg

Non-Executive Director

B.Ec (UWA), FAICD, FRICS, FAPI

 

Mr Steinberg is the CEO of Dexus and an Executive Director of Dexus Funds Management Limited. Mr Steinberg has over thirty years’ experience in the property and funds management industry with an extensive background in office, industrial and retail property investment and development. He has a Bachelor of Economics from the University of Western Australia. Mr Steinberg is a Fellow of the Australian Institute of Company Directors, the Royal Institution of Chartered Surveyors and the Australian Property Institute. He is a former National President of the Property Council of Australia and a founding member of Property Male Champions of Change. He is also a Director of Sydney Swans Limited.

Management

Investment Team

Robert M. P. Luciano

Executive Chairman, Portfolio Manager

B.Com (Acc/Fin) (UNSW), M.Com (Fin) (UNSW), F.Fin, CFA

 

Mr Luciano has over twenty five years’ experience gained as a portfolio manager, equities analyst and accountant. Prior to founding VGI Partners in 2008, Mr Luciano spent five years as an Executive Director and Investment Manager with Caledonia Investments in Sydney and has also held positions as a Portfolio Manager at Allianz Equity Management and an equities analyst at BNP Paribas (formerly Prudential-Bache Securities Australia). Mr Luciano commenced his career as an accountant with BDO Nelson Parkhill in 1993.

 

Mr Luciano graduated from the University of New South Wales, with a Bachelor of Commerce, majoring in Accounting & Finance and later completed a Master of Commerce, majoring in Advanced Finance. He is a Fellow of the Financial Services Institute of Australasia. Mr Luciano has completed the Chartered Financial Analyst (CFA) Program and has been awarded the CFA Charter.

 

Mr Luciano is a Director of VGI Partners Global Investments Limited (VG1) and VGI Partners Asian Investments Limited (VG8). Mr Luciano is also a Director of The VGI Partners Foundation, a registered charitable organisation.

Thomas S. Davies

Partner, Senior Analyst

B.Sc (Hons) (LSE), M.Econ (Fin) (USYD), CFA

 

Mr Davies has nine years’ experience as an investment analyst at VGI Partners. Mr Davies studied at The London School of Economics and graduated with a Bachelor of Science in Management Sciences. He later completed a Master of Economics at the University of Sydney, majoring in Financial Economics. Mr Davies has completed the CFA Program and has been awarded the CFA Charter.

Marco Anselmi

Partner, Senior Analyst

B.Econ (Hons) (USYD), CFA

 

Mr Anselmi has eight years’ experience as an investment analyst at VGI Partners. Mr Anselmi studied at the University of Sydney and graduated with a Bachelor of Economics (Honours), majoring in Economics and Finance. Mr Anselmi has completed the CFA Program and has been awarded the CFA Charter.

CEO and Operations Team

Jonathan Howie

Chief Executive Officer

M.AppFin. (UMACQ), MBA (MGSM)

 

Mr Howie has over nineteen years’ experience in investment management and banking, including building and growing wealth and retail platforms, distribution of financial products, customised investment solutions and business strategy design and execution.

 

Mr Howie has been an executive-level financial services leader at a number of public and private investment management and banking businesses across the wealth management sector in Asia Pacific.

 

Mr Howie was Managing Director at the Index Equity and Portfolio Analytics and Solutions divisions of BlackRock Investment Management in Hong Kong (2017-2020); Head of iShares division of BlackRock in Australia (2011-2018); and an experienced product executive at Macquarie Group in Australia and Hong Kong (2008-2011). Before that, Mr Howie founded a debt portfolio management platform where he led business growth and capital markets access and funding.

 

Mr Howie graduated from Macquarie University with a Master of Applied Finance and a Master of Business Administration from Macquarie Graduate School of Management (MGSM).

Ian J. Cameron

Chief Financial Officer, Company Secretary

B.Com (Acc) (UMACQ), CA, LLB (UOW), GDLP (UOW)

 

Mr Cameron has over fifteen years’ experience in investment management and professional services. Prior to joining VGI Partners in 2018, Mr Cameron worked at Pantheon Ventures and Aspect Capital in London after starting his career at KPMG in Sydney. Mr Cameron holds a Bachelor of Commerce in Accounting from Macquarie University and a Bachelor of Laws from Wollongong University. Mr Cameron is a member of Chartered Accountants Australia and New Zealand and a Solicitor of the Supreme Court of NSW. Mr Cameron is also the Company Secretary of VGI Partners Global Investments Limited (ASX:VG1) and VGI Partners Asian Investments Limited (ASX:VG8).

Adam M. Philippe

Chief Operating Officer

B.Com (Acc) (UMACQ), CA

 

Mr Philippe has over twenty years’ experience in accounting and financial management. Prior to joining VGI Partners in 2009, Mr Philippe worked as an accountant with Australia and New Zealand Banking Group in its Specialised Leasing and Asset Finance area, was a fund finance manager within Macquarie Capital Funds in Sydney and held a corporate reporting role within Merrill Lynch in London. Mr Philippe commenced his career with KPMG Sydney. Mr Philippe graduated from Macquarie University with a Bachelor of Commerce, majoring in Accounting. Mr Philippe is a member of Chartered Accountants Australia and New Zealand.

Matthew C. Newham

Investment Director – Distribution

B.Com (Acc) (UOW)

 

Mr Newham has over twenty years’ experience in financial markets. Prior to joining VGI Partners in 2021, Mr Newham was Head of Wholesale and then Head of Research and Consultant Relations for Aberdeen Standard Investments. Before joining Aberdeen Standard Investments, Mr Newham worked for seven years at JANA Investment Advisers in the roles of Head of Retail Investments and then Principal of Business Development. Mr Newham holds a Bachelor of Commerce in Accounting from Wollongong University and has completed the Certified Practising Accountant program.

Ingrid Groer

Head of Investor Relations

B.Eng. (1st Class Hons) (USyd), B.Com. (Fin/OR) (USyd), CFA

 

Ms Groer has over twenty years’ experience in financial markets. Prior to joining VGI Partners in 2019, Ms Groer worked for Goldman Sachs/GSJBW in investment banking (2000-02) and equities research (2002-19). Within research, she advised clients on stocks that included banks, insurers and diversified financials, as well as industry trends in fintech and blockchain. Her final research role involved lead coverage of the Australian wealth management sector. Ms Groer graduated from the University of Sydney with the University Medal for Chemical Engineering and a Bachelor of Commerce (Finance/Operations Research). Ms Groer has completed the Chartered Financial Analyst (CFA) Program and has been awarded the CFA Charter.

Key Dates

DateEventMore Information
21 Oct 2020Investor Briefing - VG1 and VG8Briefing Invitation
4 Feb 2021Investor Briefing - VG1 and VG8Briefing Invitation
23 Feb 2021FY20 Results and BriefingBriefing Invitation
1 Mar 2021Final Dividend Ex-date2H20 Dividend
2 Mar 2021Final Dividend Record Date2H20 Dividend
11 Mar 2021Final Dividend Payable2H20 Dividend
14 May 2021Investor Briefing - VG1 and VG8Briefing Invitation
18 May 20212021 AGMNotice of Meeting
20 Aug 2021Investor Briefing - VG1 and VG8Briefing Invitation
24 Aug 20211H21 Results and BriefingBriefing Invitation
30 Aug 2021Interim Dividend Ex-date1H21 Dividend
31 Aug 2021Interim Dividend Record Date1H21 Dividend
10 Sep 2021Interim Dividend Payable1H21 Dividend

Briefings

16 Nov 2021 Portfolio Briefing
1H21 Results Briefing
20 Aug 2021 Portfolio Briefing
2021 AGM
14 May 2021 Portfolio Briefing
FY20 Results
4 Feb 2021 Portfolio Briefing
16 Nov 2020 Portfolio Briefing
21 Oct 2020 Portfolio Briefing
1H20 Results
2020 AGM - Chairman's Address and Webcast
2020 AGM - Notice and Update
FY19 Results
Sep 2019 Roadshow Invitation
1H19 Results

ASX Releases

DateTitle
16 Nov 2021Portfolio Briefing and VG1/VG8 AGM Chairman's Addresses
3 Nov 2021Securities Trading Policy
18 Oct 2021Sep 2021 Funds Under Management Update
13 Oct 2021Notification of cessation of securities
23 Sep 2021Final Director's Interest Notice - Douglas Tynan
23 Sep 2021Resignation of Non-Executive Director
24 Aug 20211H21 Results Briefing Presentation
24 Aug 20211H21 Results Release
24 Aug 20211H21 Dividend / Distribution
24 Aug 2021Appendix 4D and 1H21 Financial Report
20 Aug 2021Investor Briefing Presentation - VG1 and VG8
16 Aug 20211H21 Results Briefing Invitation
10 Aug 2021Invitation to VG1/VG8 Investor Briefing from VGI Partners
29 Jul 2021Change of Interests of Substantial Holder for VG8
21 Jul 2021Jun 2021 Funds Under Management and Performance Fee Update
23 Jun 2021Change of Director's Interest Notice - David Jones
23 Jun 2021Application for quotation of securities - VGI
18 May 20212021 Annual General Meeting - Voting Results
18 May 2021Chairman's AGM Address and CEOs Presentation
14 May 2021Investor Briefing Presentation - VG1 and VG8
4 May 2021 Invitation to VG1/VG8 Investor Briefing from VGI Partners
19 Apr 2021Change of Interests of Substantial Holder for VG8
15 Apr 20212021 AGM Notice of Meeting
13 Apr 2021Mar 2021 Funds Under Management Update
7 Apr 2021Appointment of Jonathan Howie as Chief Executive Officer
3 Mar 2021Director Nomination and Annual General Meeting Update
23 Feb 2021FY20 Results Briefing Presentation
23 Feb 2021Appendix 4E and FY20 Annual Report
23 Feb 2021Appendix 4G and FY20 Corporate Governance Statement
23 Feb 2021FY20 Dividend / Distribution
23 Feb 2021FY20 Results Release
8 Feb 2021FY20 Results Briefing Invitation
4 Feb 2021Investor Briefing Presentation - VG1 and VG8
20 Jan 2021Invitation to VG1/VG8 Investor Briefing from VGI Partners
18 Jan 2021Dec 2020 Funds Under Management and Performance Fee Update
6 Jan 2021Issue of Unquoted Options
DateTitle
31 Dec 2020Change in Substantial Holder from VGI and Associates
16 Nov 2020Portfolio Manager's Presentation
13 Nov 2020Cancellation of Unquoted Options
10 Nov 2020Executive Remuneration - David Jones
21 Oct 2020Investor Briefing Presentation
13 Oct 2020Sep 2020 Funds Under Management Update
6 Oct 2020Investor Briefing Invitation from VGI Partners
25 Aug 20201H20 Results Presentation
25 Aug 20201H20 Results Release
25 Aug 20201H20 Dividend / Distribution
25 Aug 2020Appendix 4D & 1H20 Financial Report
10 Aug 20201H20 Results Briefing Invitation
13 Jul 2020Jun 2020 Funds Under Management and Performance Fee Update
22 Jun 2020Douglas Tynan - Transition to Non Executive Role
18 Jun 2020Cancellation of Unquoted Options
23 Apr 2020Change of Director's Interest Notice - Jaye Gardner
23 Apr 2020Change of Director's Interest Notice - David Jones
23 Apr 2020Change of Director's Interest Notice - Douglas Tynan
23 Apr 2020Change of Director's Interest Notice - Robert Luciano
23 Apr 2020Application for quotation of securities
21 Apr 2020Results of AGM
21 Apr 2020Chairman's AGM Address
15 Apr 2020Mar 2020 Funds Under Management Update
9 Apr 20202020 AGM Revised Arrangements
20 Mar 20202020 AGM Notice of Meeting
27 Feb 2020FY19 Results Presentation
27 Feb 2020FY19 Results Release
27 Feb 2020FY19 Dividend / Distribution
27 Feb 2020Appendix 4G and FY19 Corporate Governance Statement
27 Feb 2020Appendix 4E and FY19 Annual Report
7 Feb 2020AGM Date and Directors Nomination
24 Jan 2020FY19 Results Briefing Invitation
13 Jan 2020Dec 2019 Funds Under Management and Performance Fee Update
DateTitle
30 Dec 2019Securities Trading Policy
29 Nov 2019Appendix 3B
27 Nov 2019Change of Company Secretary
18 Nov 2019Change of Interests of Substantial Holder - VGI
18 Nov 2019Change of Interests of Substantial Holder - Robert Luciano
12 Nov 2019Appendix 3B
29 Oct 2019VG8 - Indicative Raising Size
10 Oct 2019Sep 2019 Funds Under Management
24 Sep 2019VG8 - Minimum Subscription Reached
23 Sep 2019Alignment Shares Prospectus
23 Sep 2019Appendix 3B
2 Sep 2019Invitation to Investor Briefing
2 Sep 2019Letter to Investors Eligible for Priority Offer in VG8
2 Sep 2019Lodgement of VG8 Prospectus and Completion of Cornerstone Offer
27 Aug 20191H19 Results Briefing Speaker Notes
27 Aug 20191H19 Results Presentation
27 Aug 20191H19 Results Release
27 Aug 20191H19 Dividend / Distribution
27 Aug 2019Appendix 4D & 1H19 Financial Report
15 Aug 20191H19 Results Briefing Invitation
9 Aug 2019Change of Company Secretary
5 Aug 2019Launch of New Asian Investment Strategy
15 Jul 2019Jun 2019 Funds Under Management, Performance Fee, Dividend
25 Jun 2019Notice of Initial Substantial Holder - Douglas Tynan
25 Jun 2019Notice of Initial Substantial Holder - Robert Luciano
25 Jun 2019Notice of Substantial Holder and Template Escrow Deed
21 Jun 2019Appendix 3X - Robert Luciano
21 Jun 2019Appendix 3X - Jaye Gardner
21 Jun 2019Appendix 3X - Douglas Tynan
21 Jun 2019Appendix 3X - David Jones
21 Jun 2019Appendix 3X - Darren Steinberg
21 Jun 2019Appendix 3X - Ben Pronk
21 Jun 2019Securities Trading Policy
21 Jun 2019Employee Incentive Plan
21 Jun 2019Interim Financial Statements 31 December 2018
21 Jun 2019Annual Financial Statements 30 June 2018
21 Jun 2019Annual Financial Statements 30 June 2016 and 30 June 2017
21 Jun 2019ASX Listing Rule 1.2.6 Statement from Directors
21 Jun 2019Constitution
21 Jun 2019Prospectus
21 Jun 2019Appendix 1A and Information Form and Checklist
21 Jun 2019Top 20 Holders
21 Jun 2019Distribution Schedule
21 Jun 2019Pre-quotation Disclosure
21 Jun 2019ASX Market Release - Admission
21 Jun 2019ASX Market Release - Admission and Quotation

Dividends

Dividend Policy: VGI Partners Limited will typically target a dividend payout ratio of 50-75% of normalised Net Profit After Tax (NPAT).

 

Payment DateDividend per Share (A$)Australian FrankingMore Information
10 Sep 2021$0.31Fully @ 30%1H21 Dividend
11 Mar 2021$0.28Fully @ 30%2H20 Dividend
14 Sep 2020$0.05Fully @ 27.5%1H20 Dividend
18 Mar 2020$0.093Fully @ 27.5%2H19 Dividend
16 Sep 2019c.$0.256Fully @ 30%1H19 Dividend

 

The dividends above are historical. No guarantee can be given about future dividends or the level of franking of such dividends (if any).