Compliance Update 05/17 May
ASX
Compliance Updates

Listed@ASX
Compliance Update 19 June 2017
Update no 05/17 
1. Annual listing fees - FY2018
Listed entities are advised to expect to receive their annual listing fee invoices for the period 1 July 2017 to 30 June 2018 via email in early July 2017.
Unlike previous years, the FY2018 annual listing fee invoice will be sent to the entity’s nominated primary billing contact for the account as opposed to the entity’s company secretary. For queries or changes to the primary billing contact, listed entities are advised to contact ASX Accounts Receivable via the email address ar@asx.com.au.
For further information on ASX annual listing fees generally, please refer to ASX Guidance Note 15 paragraph 2.4.

2. Dividend and distribution information - 30 June 2017 record date
Listed entities declaring a dividend or distribution for the period ending 30 June 2017 are reminded that they must use ASX Online forms to announce the dividend or distribution and that if they wish to set a record date of 30 June 2017, they will need to announce the dividend or distribution by no later than 26 June 2017.

Listed entities should include the following information in their announcements (refer to Appendix 6A paragraph 1):

  • Conduit foreign income - where an entity announces a dividend or distribution that is fully or partially unfranked, the announcement should make clear the conduit foreign income (CFI) component of that dividend or distribution, even if the CFI component is nil.

    In the online form, please note that questions 3A.4 Franked amount, 3A.6 Unfranked amount and 3A.7 Conduit Foreign Income amount should all add up to the total amount of the dividend/ distribution as advised at question 3A.1b (that is, the Conduit Foreign Income amount is exclusive of the Unfranked amount).

    The announcement of franking details is not compulsory when announcing an estimate of a dividend or distribution.

  • Dividend/distribution reinvestment plans (DRP) - where an entity has a DRP or other plan in place, ASX requests that the entity make it clear in the announcement whether the DRP will operate or will be suspended for that particular dividend or distribution. If the DRP will operate, the following information should also be given:
    • the last date for electing to participate in the DRP (question 4A.2 in the online form);
    • the discount rate, if applicable (question 4A.3 in the online form);
    • the ranking of the securities to be issued pursuant to the DRP (question 4A.8a in the online form); and
    • the pricing period and the pricing methodology for determining the issue price under the DRP (questions 4A.4 and 4A.5 in the online form).

    If at the time when the dividend or distribution is announced it has not been decided by the entity whether the DRP will operate, or the above details are not known, the entity should give an indication of when the entity expects to confirm details of the DRP's operation (using Part 5 'Further information' if advising by online form).

Listed entities are also reminded to advise any update to dividend information (including actual amounts and DRP prices) by completing and submitting an Updated Online Form.

If you have any questions please contact your Listings Compliance Adviser or email: onlineforms@asx.com.au.

3. Subscribe to Listed@ASX - Compliance Update
Listed@ASX Compliance Update is a free publication for listed entities and their advisers about ASX rules and requirements. To subscribe, email Listed@ASX or download the free Listed@ASX app from the Apple app store and Google Play.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -