Dividend reinvestment plan
In March 2008, the directors of Alumina Limited (formerly WMC Limited) established a new Dividend Reinvestment Plan (“New DRP”) replacing the existing Dividend Reinvestment Plan (“Existing Plan”).
The Existing Plan was suspended in 1998 and any residual cash balances were distributed to participating shareholders at that time. The Existing Plan was no longer consistent with current market practice and did not meet the present needs of the company and was terminated.
In accordance with the Terms and Conditions of the Alumina Limited Dividend Reinvestment Plan, the directors decided in February 2010 to suspend the DRP until further notice. In April 2015 the directors approved the recommencement of the DRP.
Please note: Notification will be placed on this website when there is any change to the DRP. As the DRP is currently suspended, the below information on the DRP Rules and DRP Summary is for information only.
To obtain a DRP Election form or Variation Form, please contact Alumina Limited’s Share Registry (Computershare) on 1300 556 050.
2015 Interim Dividend - DRP
The Dividend Reinvestment Plan (“DRP”) for the 2015 interim dividend was to be 50% underwritten to ensure the Company maintained an appropriate capital structure. Participation in the DRP represented 49.8% of issued shares. The strong support for the DRP from existing shareholders meant that the underwriting arrangement was not required and was cancelled. There was no cost to the Company for entering into or cancelling the DRP underwrite.