Hastie Group Dividend Reinvestment Plan
Hastie Group announced on 28 August 2007 that a fully franked dividend of 6 cents per share would be paid for the half year ending 30 June 2007, and that in respect of the Dividend Reinvestment Plan (“DRP”) in operation, a discount of 2.5% would apply.
The total amount payable for the final dividend will be approximately $7.1m.
The Price Determination Period for the DRP concluded on 21 September 2007 and the Issue Price pursuant to the terms of the DRP, including the 2.5% discount, will be $4.09 per share.
The Record Date for the dividend declared on 28 August 2007 was 5 September 2007 and the payment date for this dividend will be 28 September 2007. Allotment of the issued capital in respect of the DRP will also take place on 28 September 2007.
The proceeds of the DRP will be used for general corporate purposes.
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