3. Dividend and distribution information - period ending 30 September 2018 |
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Listed entities declaring a dividend or distribution for the period ending 30 September 2018 are reminded that they must use ASX Online forms to announce the dividend or distribution and that as 30 September 2018 falls on a Sunday, it cannot be used as a record date. Therefore, the entity should use 28 September 2018 as the record date, in which case they will need to announce the dividend or distribution by no later than 24 September 2018 (Day 0 in the Appendix 6A Paragraph 1 timetable). |
Listed entities should include the following information in such announcements (see Appendix 6A paragraph 1):
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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.
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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).
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The announcement of franking details is not compulsory when announcing an estimate of a dividend or distribution.
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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:
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the last date for electing to participate in the DRP (question 4A.2 in the online form);
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the discount rate, if applicable (question 4A.3 in the online form);
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the ranking of the securities to be issued pursuant to the DRP (question 4A.8a in the online form); and
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pricing period and the pricing methodology for determining the issue price under the DRP (questions 4A.4 and 4A.5 in the online form).
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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’ of the 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. | | |