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Dividend Reinvestment Plan
In October 2013, Treasury Wine Estates Limited (the Company) announced it had activated the Dividend Reinvestment Plan (DRP), first approved by the Board in May 2011, so that it is in place for any future dividends. The decision to activate the DRP is in response to ongoing requests from retail shareholders and to also offer the Board additional financial flexibility in relation to the Company.
The DRP will give eligible shareholders the option of taking all or part of future dividends in the form of cash or shares in accordance with the DRP Rules without paying any brokerage or other transaction costs. DRP shares will rank equally with existing fully paid ordinary shares and Australian Securities Exchange (ASX) quotation will be sought for all shares issued under the DRP. Eligible shareholders are currently limited to those whose registered address on the Company’s share register is in Australia.
The DRP Rules and a Frequently Asked Questions (FAQ) sheet regarding the DRP can be found below.
Participation in the DRP is entirely optional. If you wish to participate in the DRP for any future dividends, alter your existing DRP election or change your level of participation in the DRP, please make your election online at www.computershare.com.au/easyupdate/twe. You will need to have your SRN or HIN (as applicable) and postcode to hand in order to enter the site. Alternatively, please contact our share registry, Computershare Investor Services Limited on 1800 158 360 (within Australia) or +61 3 9415 4208 (international callers) to request a DRP form.
Should you not wish to participate in the DRP, and previously have not elected to participate in the DRP, you need not take any action.
If you are considering participation in the DRP, and require specific professional advice, please discuss the matter with your legal, financial or other professional adviser.