In what marks a milestone for Rakon’s fiscal journey, in May the Board announced that Rakon will commence dividends. Rakon has declared a fully imputed FY23 dividend of 1.5 cents per share.
Alongside this, the Board is introducing a Dividend Reinvestment Plan (Plan) recognising that some shareholders would prefer the opportunity to increase their investment in Rakon instead of receiving a cash dividend.
The Plan offers Rakon shareholders the opportunity to reinvest the net proceeds of all or part of your cash dividends in additional shares, without paying any brokerage fees.
Participation in the Plan is optional and flexible. If you decide not to participate, you do not need to do anything, and you will continue to receive all future dividends as cash. If you change your mind about participation, you can elect to join the Plan at any time.
The Board has decided that the new shares will be issued at a 2% discount to an average market price at the time entitlements are determined. The Board may review the amount of the discount (if any) at any time.
View the Dividend Reinvestment Plan Offer Document, Participation Form and Rakon’s dividend policy.
How to participate
If you wish to participate in the Plan, you need to:
• Apply online by visiting www.investorcentre.com/nz; or
• Complete the Participation Form and return to Computershare at drp@computershare.co.nz; or
• Post the Participation Form to the Computershare address set out in the form.
To participate in the Plan for the FY23 dividend, make sure your completed Participation Form is received by our Registrar, Computershare Investor Services, by 25 July 2023. If you wish to receive cash dividends, you don’t need to do anything.
Please read the information in the Dividend Reinvestment Plan Offer Document carefully. If you have any queries about the Plan you should consult your financial adviser or contact Computershare by emailing drp@computershare.co.nz or by calling +64 9 488 8777.
For all other enquiries please contact: investors@rakon.com
