Ricegrowers : Update - Dividend/Distribution - SGLLV

Notification of dividend / distribution

Update Summary

For personal use only

Entity name

RICEGROWERS LIMITED

Security on which the Distribution will be paid

SGLLV - CLASS B LIMITED-VOTING ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

30/6/2022

Reason for the Update

The Board has determined that the issue price of B Class Shares under the DRP will be 7.4449. This is based on the volume weighted average price (VWAP) over the 9 days that B Class Shares traded prior to the Record Date (inclusive) being the 29 June 2022.

Additional Information

For the year ended 30 April 2022, Ricegrowers Limited have declared a total fully franked dividend of 40 cents per B Class Share, comprising a final dividend of 25 cents per B Class Share and a special dividend of 5 cents per B Class Share (both the subject of this form) in addition to the interim dividend of 10 cents per B Class Share declared in December 2021.

Refer to below for full details of the announcement

Notification of dividend / distribution

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Notification of dividend / distribution

Announcement Details

only
	Part 1 - Entity and announcement details
		1.1 Name of +Entity
		RICEGROWERS LIMITED
		1.2 Registered Number Type	Registration Number
use	ABN
55007481156
1.3 ASX issuer code
		SGL
		1.4 The announcement is
		Update/amendment to previous announcement
personal	1.4a Reason for update to a previous announcement
CLASS B LIMITED-VOTING ORDINARY FULLY PAID
		The Board has determined that the issue price of B Class Shares under the DRP will be 7.4449. This is based on the
		volume weighted average price (VWAP) over the 9 days that B Class Shares traded prior to the Record Date (inclusive)
		being the 29 June 2022.
		1.4b Date of previous announcement(s) to this update
		23/6/2022
		1.5 Date of this announcement
		30/6/2022
		1.6 ASX +Security Code
		SGLLV
For	ASX +Security Description
	Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution Ordinary

Special

2A.2 The Dividend/distribution: relates to a period of twelve months

Notification of dividend / distribution

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use only

Notification of dividend / distribution

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

30/4/2022

2A.4 +Record Date

29/6/2022

2A.5 Ex Date

28/6/2022

2A.6 Payment Date

29/7/2022

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar

For personal

2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.30000000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

No

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP

Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at	3A.1a Ordinary dividend/distribution estimated amount
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this time?

		No
		3A.1b Ordinary Dividend/distribution amount per
		security
only	AUD 0.25000000
3A.2	Is the ordinary dividend/distribution franked?
		Yes
		3A.3	Percentage of ordinary dividend/distribution that is
		franked
		100.0000 %
		3A.4	Ordinary dividend/distribution franked amount per
use	+security
AUD 0.25000000
		3A.6	Ordinary dividend/distribution unfranked amount
		per +security excluding conduit foreign income amount
		AUD 0.00000000
		3A.7	Ordinary dividend/distribution conduit foreign
personal	income amount per security
AUD 0.00000000
	Part 3B - Special dividend/distribution
		3B.1	Is the special dividend/distribution estimated at this
		time?
		No
		3B.1b Special dividend/distribution amount per +security
		AUD 0.05000000
		3B.2	Is special dividend/distribution franked?
		Yes
For	3B.3	Percentage of special dividend/distribution that is
franked
		100.0000 %
		3B.4	Special dividend/distribution franked amount per

+security

AUD 0.05000000

per +security

AUD

3A.2a Is the ordinary dividend/distribution fully franked? Yes

3A.3a Applicable corporate tax rate for franking credit

(%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

3B.1a Special dividend/distribution estimated amount per +security

AUD

3B.2a Is the special dividend/distribution fully franked? Yes

3B.3a Applicable corporate tax rate for franking credit

(%)

30.0000 %

3B.5 Percentage of special dividend/distribution that is unfranked

0.0000 %

3B.6 Special dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.00000000

3B.7 Special dividend/distribution conduit foreign income amount per +security

AUD 0.00000000

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Notification of dividend / distribution

Part 4A - +Dividend reinvestment plan (DRP)

only	4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
Do not participate in DRP (i.e. cash payment)
		4A.2 Last date and time for lodgement of election	4A.3 DRP discount rate
		notices to share registry under DRP	0.0000 %
		Thursday June 30, 2022 17:00:00
		4A.4 Period of calculation of reinvestment price
use	Start Date	End Date
17/6/2022		29/6/2022
4A.5 DRP price calculation methodology
		The Board has determined that the issue price of B Class Shares under the DRP will be 7.4449. This is based on the
		volume weighted average price (VWAP) over the 9 days that B Class Shares traded prior to the Record Date (inclusive)
		being the 29 June 2022.
personal	4A.6 DRP Price (including any discount):	4A.7 DRP +securities +issue date
AUD 7.44490	29/7/2022
4A.8 Will DRP +securities be a new issue?	4A.8a Do DRP +securities rank pari passu from +issue
		Yes	date?
				Yes
		4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
		No
		4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
		No
		4A.11 Are there any other conditions applying to DRP participation?
		No
		4A.12 Link to a copy of the DRP plan rules
ForPart 5	https://investors.sunrice.com.au/investors
4A.13 Further information about the DRP
- Further information

5.1 Please provide any further information applicable to this dividend/distribution

Notification of dividend / distribution

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