Australian and New Zealand based shareholders may elect to have the dividends paid on some or all of their shares in Coffey International Limited (Coffey) automatically reinvested in new Coffey shares.
Shareholders interested in participating should contact our share registry to obtain an application form.
For further information, please refer to the attached brochure which outlines the key features, together with the most commonly asked questions and answers. The Plan Rules provide more detailed information on its operation.
Participation is entirely optional
You may join the Plan for some or all of your shareholding, vary your participation or withdraw from the Plan at any time.
Discount on market price
Shares are allotted under the Plan at a discount of up to 5% of a weighted average market price, free of transaction costs. The actual rate of discount, if any, will be determined by the Directors at the time each dividend is declared.
Where the allotment formula results in a number that is not a whole share, then your entitlement will be rounded down to a whole share.
Shares rank equally
Shares allotted under the Plan are fully paid and rank equally with existing shares.
An advice will be sent to you following each payment of a dividend which will set out your participation in the Plan. Also, at the end of the month you will receive either a CHESS or Issuer Sponsored Holding Statement if there is a movement against your holding.
Listing on Australian Securities Exchange Limited
The Directors will apply for quotation on Australian Securities Exchange Limited of any shares issued under the Plan.
Participation may be restricted, if in the opinion of Directors, participation would not be in the best interests of Coffey, eg an overseas shareholder's address is in a place where the issue may be unlawful or impracticable.
Coffey can alter, suspend or terminate the DRP from time to time. You will be notified before any material variation to the DRP.