- Participation in the DRP is optional and available to all shareholders with a registered address in Australia on the dividend record date. From time to time, Challenger may also make the DRP available to shareholders with a registered address outside of Australia. Currently, the DRP is also made available to shareholders with a registered address in New Zealand or Japan.
- Shares allocated under the DRP will rank equally with existing Challenger ordinary shares.
- The number of shares acquired under the DRP will be based on Challenger's volume weighted average share price, over the ten trading days commencing on the second trading day after each dividend record date.
- Challenger can either issue new shares or acquire shares on-market (or use a combination of both) to satisfy DRP requirements.
- For each dividend, holding statements will be sent to DRP participants showing the number of shares issued or transferred to you as part of the DRP.
Should you wish to participate in the DRP, an election needs to be completed via Challenger's share registry.
Challenger recommends shareholders read the DRP rules carefully before participating in the DRP.