Foster's amends Dividend Reinvestment Plan
Foster's Group Limited (Foster's) today announced amendments to its Dividend Reinvestment Plan (DRP) rules to improve flexibility and simplify administration.
The changes allow Foster's to acquire existing shares or allot new shares to satisfy the DRP entitlements of participating members. The method for determining the Acquisition Price under the DRP has been amended and is now based on the arithmetic average of the daily volume weighted average price during the Calculation Period. The Calculation Period has also been increased to 8 trading days and commences on the second trading day after the record date.
As amended, the DRP allows notification of future variations to the DRP to be made by way of an Australian Securities Exchange announcement, by post or by electronic mail in accordance with Foster's constitution.
The amendments announced today will apply to any dividend declared after 4 November 2007. A copy of the amended DRP rules and a summary of the DRP are attached.
Further information:
Media Investors
Troy Hey Ian Betts
Tel: +61 3 9633 2085 Tel: +61 3 9633 2273
Mob: +61 409 709 126 Mob: +61 400 532 466
