How to Invest
Argo is an investment company listed on the Australian Securities Exchange (ASX) and owned by its 60,000 shareholders. Investors can become shareholders by purchasing Argo shares on the ASX through any sharebroker.
Choosing a sharebroker
If you are not familiar with the process of buying shares, the ASX (www.asx.com.au) offers a free advisory service which helps you select a stockbroker.
Argo shares can be purchased using the online internet share broker trading services of banks and other financial institutions.
The sharebroker will charge a brokerage fee each time a transaction takes place and therefore the larger the transaction, normally the smaller will be the brokerage fee in percentage terms.
Once a shareholder
Shareholders can increase their holdings when offers are made to eligible shareholders through Argo's Share Purchase Plan, Dividend Reinvestment Plan or renounceable rights issues (refer to "Benefits of Investing" section of this website). As these transactions are direct with Argo, no brokerage costs apply.
Eligible shareholders are those who have an Australian or New Zealand registered address. Due to the complexities and differences in the capital raising laws of different countries, the Directors have decided that shareholders whose registered addresses are outside Australia or New Zealand cannot participate in the capital raisings as it is impractical for the Company to comply with all the legal requirements.
In the case of renounceable rights issues, shareholders with registered addresses in other countries do not receive a renounceable rights offer but the rights that would have been available to them if they were registered in Australia or New Zealand are sold by the Company and the net pro-rata proceeds of sale are forwarded to the overseas shareholders.