Mount Gibson Iron has declared a final dividend of $0.03 per share fully franked in respect of the 2019/20 financial year. The Dividend Reinvestment Plan (DRP) will apply to this dividend. Under the DRP, eligible shareholders can reinvest all or part of their dividend payments into additional fully paid Mount Gibson shares. Shares will be allocated under the DRP at a 5% discount to the volume weighted average market price of Mount Gibson shares over the period of five trading days commencing on 3 September 2020. Applications to join, cease or vary participation in the DRP must be received by no later than 5:00pm (AEST) on 14 September 2020. The payment date is 24 September 2020 and DRP shares are proposed to be issued on 25 September 2020.
Dividend Reinvestment Plan Information
The Mount Gibson Iron Dividend Reinvestment Plan (DRP) was reinstated by Mount Gibson Iron in August 2018. Links to relevant information relating to the Plan are listed below:
- Dividend Reinvestment Plan Guide
- Dividend Reinvestment Plan Rules
- Dividend Reinvestment Plan Participation Form