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
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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
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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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Notification of dividend / distribution
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
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