SUPPLY NETWORK LIMITED
ABN 12 003 135 680
1 Turnbull Close Pemulwuy NSW 2145
PO Box 3405 Wetherill Park NSW 2164
Telephone: 02 8624 8077
ASX Release
only24 November 2021
Dividend Reinvestment Plan Amendment
Please find attached Supply Network Limited Dividend Reinvestment Plan which has been amended for usecurrent legislation and Listing Rules.
Authorised by the Board of Supply Network Limited
Robert Coleman Chief Financial Officer
Telephone: + 61 2 8624 8077 personalFor
For personal use only
SUPPLY NETWORK LIMITED
ABN 12 003 135 680
DIVIDEND REINVESTMENT PLAN
INFORMATION BOOKLET FOR SHAREHOLDERS
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For personal use only
IMPORTANT NOTE TO SHAREHOLDERS
Under the Corporations Act a prospectus is not required to be lodged or registered in relation to shares to be issued under the DRP described in this Information Booklet. Consequently, this Information Booklet does not contain the information which would be contained in such a prospectus, for example, in relation to Supply Network Limited, its assets and liabilities, financial position, profits and losses and prospects. If you are in any doubt as to whether to participate in the DRP and in particular if you are unclear about the taxation implications of participating in the Plan, you should consult your own financial adviser without delay.
CONTENTS
Explanatory Outline
Dividend Reinvestment Plan Rules
Election Form (and Variation Notice)
ENQUIRIES
If you require further information concerning the Plan please contact or write to either of the following addresses:
Computershare Investor Services Pty Limited GPO Box 2975, Melbourne VIC 3001 Enquiries 1300 555 159 or 61 3 9415 4062 web.queries@computershare.com.au www.computershare.com
Company Secretary
Supply Network Limited
1 Turnbull Close
PEMULWUY NSW 2145
Telephone: (02) 8624 8077
Email: admin@supplynetwork.com.au
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EXPLANATORY OUTLINE
of the
SUPPLY NETWORK LIMITED ("SUPPLY NETWORK")
DIVIDEND REINVESTMENT PLAN ("DRP" OR THE "PLAN")
DECISION REQUIRED BY Shareholders should decide which of the following
SHAREHOLDERSalternatives suits their particular circumstances with respect to dividends to which the Plan may apply:
ALTERNATIVE 1: RECEIVE CASH
Shareholders may receive cash for all of their dividends.
ALTERNATIVE 2: PARTICIPATE IN THE DRP
Shareholders may elect to participate in the DRP and reinvest part or all of their dividends to which the Plan may apply in additional fully paid ordinary shares in Supply Network. The dividend on the balance of your shareholding (if any) will be paid in cash. The number of shares issued pursuant to the DRP and the issue price will be in accordance with the Rules of the DRP (see the Features of the Plan section for summary details) free of any brokerage, commission, stamp duty and other transaction costs.
ALTERNATIVE 3: ANY COMBINATION OF CASH AND
DRP
Shareholders may receive cash and/or elect to participate in the DRP in any combination.
ACTION REQUIRED BY | The following action is required by shareholders with respect |
SHAREHOLDERS | to each of the above alternatives: |
ALTERNATIVE 1: RECEIVE CASH | |
If you wish to receive all of your dividends in cash, no | |
action is required. | |
ALTERNATIVE 2: PARTICIPATE IN THE DRP | |
ALTERNATIVE 3: ANY COMBINATION OF CASH AND | |
DRP |
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If you wish to participate in the DRP with respect to dividends to which the Plan may apply for part or all of your shareholding (i.e. if you decide either Alternative 2 or 3 suits your particular circumstances), you must complete the Election Form enclosed with the Information Booklet and ensure that it is received at the Share Registry, Computershare Investor Services Pty Limited, Level 3, 60 Carrington Street, Sydney NSW 2000 or GPO Box 2975, Melbourne VIC 3001, prior to the DRP Election Date for the relevant dividend.
Please note that if your shares are held under different shareholder reference numbers in the Register you will need to complete an Election Form in respect of each separate shareholder reference number.
FEATURES OF THE PLAN Number of Shares Issued and Issue Price of Shares:
Under the DRP, the relevant dividend payable in cash on shares participating in the DRP will be applied by the Company on your behalf in subscribing for fully paid ordinary shares in Supply Network. Such shares will be issued at the lower of:
- the price as determined by the Board, in its absolute discretion and announced to ASX on the day a Dividend is declared by the Board, to be the maximum price (if any) in dollars per Share at which Shares will be issued pursuant to the DRP ("Price Cap"); and
- the price in dollars per Share derived by applying a discount (as determined by the Board from time to time in its absolute discretion and announced to ASX on the day a Dividend is declared by the Board) to the "Market Price" which is the volume weighted average market price (on an ex-dividend basis) of Supply Network shares during the five trading days subsequent to and inclusive of the Ex-Dividend Date for the relevant dividend provided however that where no sales are recorded over the aforementioned period or if, in the opinion of the Board, in its absolute discretion, the market for shares in the Company is affected by any unusual or extraordinary circumstances, the "Market Price" of Supply Network shares means the fair ex-dividend market value of a Share given the relevant circumstances as determined by the Board in its absolute discretion.
Ranking of Shares: Shares issued pursuant to the Plan will rank equally in all respects with all other fully paid ordinary shares on issue.
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Supply Network Limited published this content on 24 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2021 23:49:05 UTC.