CSR Limited ("CSR") advises that it has established a new Dividend Reinvestment Plan ("DRP") which will be in operation for the final dividend payable on 5 July 2011. The DRP gives shareholders a way to increase their shareholding in CSR by reinvesting all or part of their dividend entitlements in more shares rather than being paid in cash.
For the final dividend, shares will be acquired on-market and transferred to participants to satisfy any shares to be issued under the DRP. DRP shares will be allocated to participants at the arithmetic average of the daily volume weighted average market prices of shares in CSR sold on ASX’s trading platform (including the closing single price auction but excluding all off-market trades) (“VWAP”) on each day over a period of 10 trading days commencing on the second trading day after the dividend record date. No discount will apply to shares issued under the DRP. A copy of the new DRP Terms and Conditions are attached to this announcement and are available on CSR’s website (www.csr.com.au).
To participate in the DRP for the final dividend, shareholders must complete and return an election notice to CSR’s share registry, Computershare, by 5.00pm Sydney time on the day before the Record Date (ie 13 June 2011). It should be noted that those shareholders who participated in a previous DRP offered by CSR must still complete a new election notice to participate in the new DRP. For further information on how to participate in the DRP, including election forms, please contact Computershare on the details below:
Computershare Investor Services Pty Limited
Level 4, 60 Carrington Street
SYDNEY NSW 2000 AUSTRALIA
GPO Box 2975 Melbourne VIC 3001 Australia
Telephone 1800 676 061
International +61 3 9415 4033
Facsimile (03) 9473 2500