Share Purchase Plan
The record date to establish entitlement to the SPP for eligible shareholders is 19 February 2018, which is the same date for establishing entitlement to the interim dividend payable on 9 March 2018.
The SPP offers eligible shareholders on the register on 19 February 2018 the opportunity to acquire up to $15,000 of new fully paid ordinary shares in Argo Investments Limited without incurring brokerage or other charges.
Participation in the SPP is entirely optional and is open to all shareholders other than shareholders who have registered addresses in countries outside Australia where regulatory requirements make participation by the shareholder unlawful or impracticable. The Directors have determined that shareholders whose registered addresses are outside Australia and New Zealand will be unable to participate in the SPP.
The SPP issue price will be the lower of:
- $7.98; or
- the volume-weighted average price of Argo shares traded over the 5 trading days up to and including the scheduled SPP closing date (being from 22 March 2018 to 28 March 2018 inclusive), rounded down to the nearest cent.
The final SPP issue price will be announced after the SPP offer closes.
If applications for SPP shares exceed $200 million, Argo may, in its absolute discretion, allocate less than the number of shares applied for and determine to apply the scale back to the extent and in the manner that is sees fit.
The SPP Terms and Conditions and a personalised Application Form were distributed to all eligible shareholders on 9 March 2018.
The SPP offer closed on Wednesday 28 March 2018.
The new shares issued under the SPP will rank equally with existing Argo shares and are expected to be allotted on Wednesday 11 April 2018.
View, download or print the terms and conditions
- SPP Terms & Conditionspdf 736 KB