Dividend Reinvestment Plan

The Company’s Dividend Reinvestment Plan (DRP) gives shareholders the opportunity to reinvest all or part of their dividend payments in additional shares in the Company. Shares purchased through the DRP are:

• Purchased at a discount to the market price; and
• Free of transaction costs such as brokerage. 

Shareholders may also purchase additional shares through the Share Purchase Plan.

The Board announces the discount at which the shares are offered at the time of announcing each dividend. The market price against which the discount is applied is the volume weighted average price, calculated from trades that take place in the five business days from the ex dividend date. Shareholders can invest part or all of their dividends received through the plan. Shareholders can nominate to participate in the DRP by contacting Computershare. Further information about the DRP is available through the Explanatory Booklet.

Download Dividend Reinvestment Plan Document

Share Purchase Plan

At the time of each Dividend payment, the Board may offer Premium shareholders the opportunity to purchase up to $15,000 of shares in the Company, in addition to shares taken up through the DRP. The terms of an offer under the Share Purchase Plan are announced with each dividend announcement. These terms will include the means for determining the price of shares under the offer and the discount, if any. Application forms are forwarded to each shareholder when the announcement is made.

There is no explanatory booklet for the Share Purchase Plan but more information about company share purchase plans can be found in Policy Statement 125 which can be downloaded from the Australian Securities and Investment Commission website.