AGM 2017
Thank you to all the Members who participated
in and attended Capricorn’s 2017 Annual General
Meeting (AGM).
It gave me great pleasure as your Chair to talk about
the excellent performance of Capricorn for the year
ending 30 June 2017. Capricorn Member purchases
were AU$1.69 billion for the financial year, a new
Capricorn record. Capricorn also continued to
deliver fantastic returns to its Members. Financial
benefits distributed from the financial year were
AU$36.8 million, including AU$25.4 million of reward
points.
platform; and
• the introduction of CapTV, where Members are
sharing their own Capricorn stories.
Subsequent to the end of the financial year and in
light of Capricorn’s excellent trading performance,
Capricorn has also declared a net dividend of
11% (effective 15.7% Gross Dividend Yield) for
Capricorn’s contributed equity as at 30 June 2017.
References to gross yield mean where full franking
credits are available. The dividend has been paid and
was fully franked in Australia and partially franked in
New Zealand. You will already have received details
As Chair, I also reflected on the following highlights of your dividend.
for the year: The meeting also approved the selective share buy-
• launch of CapChat, an easy-to-read email back resolution meaning that Members can continue
communication that gives our Members all the to unlock value stored in Capricorn shares. In the
information they need on upcoming events, last financial year, Capricorn returned approximately
Capricorn and industry news as well as the latest AU$11.4 million to Members through the buy-back
Preferred Supplier offers; scheme.
• launch of “Rediscover Capricorn” campaign to Mr Bruce Rathie’s re-appointment as Capricorn's
reintroduce our Members to all the valuable Independent Director for a further 4 year term was
products and services available to them; also ratified.
• the new look Purple Pages which reinforced all Thanks once again to all those Members who
the different products and services available participated in the AGM, whether in person or by
from our Preferred Suppliers; making sure their voice was heard by sending in
• take up of Capricorn Service Data and Capricorn
Vehicle Videos continued to grow. These
exclusive services are included as part of your
Capricorn membership;
• the launch of a new shareholder portal allowing
their votes. For those who did not make it, please
do consider attending next year as it is a great
opportunity to meet your Directors and ask both
formal and informal questions.
We hope to see you in 2018.
one login to access everything;
• Members getting ahead of storms with the new
Capricorn Weather Alert. The service sends
emails and SMS notifications to alert Members
of severe weather events before they hit their
place of business;
• launch of The Workshop, our online community
Russell Becker
Chairman
CAPRICORN IGNITION HOLIDAY EDITION 9