ABN 12 003 135 680
Explanatory Outline
Dividend Reinvestment Plan Rules Election Form (and Variation Notice)
If you require further information concerning the Plan please contact or write to either of the following addresses:
Computershare Registry Services Pty Limited GPO Box 7115, Sydney NSW 2001
Enquiries 1300 850 505 or 61 2 8234 5000
Facsimile 61 2 8234 5050web.queries@computershare.com.auwww.computershare.com
Mr Peter Gill Company Secretary
Supply Network Limited 141-151 Fairfield Road
GUILDFORD NSW 2161
Telephone: (02) 9892 3888
Facsimile: (02) 9892 2399
EXPLANATORY OUTLINEShareholders should decide which of the following alternatives suits their particular circumstances with respect to dividends to which the Plan may apply:
ALTERNATIVE 1: RECEIVE CASH
Shareholders may receive cash for all of their dividends.
ALTERNATIVE 2: PARTICIPATE IN THE DRP
Shareholders may elect to participate in the DRP and reinvest part or all of their dividends to which the Plan may apply in additional fully paid ordinary shares in Supply Network. The dividend on the balance of your shareholding (if any) will be paid in cash. The number of shares issued pursuant to the DRP and the issue price will be in accordance with the Rules of the DRP (see the Features of the Plan section for summary details) free of any brokerage, commission, stamp duty and other transaction costs.
ALTERNATIVE 3: ANY COMBINATION OF CASH AND DRP
Shareholders may receive cash and/or elect to participate in the DRP in any combination.
The following action is required by shareholders with respect to each of the above alternatives:
ALTERNATIVE 1: RECEIVE CASH
ALTERNATIVE 2: PARTICIPATE IN THE DRP
ALTERNATIVE 3: ANY COMBINATION OF CASH AND DRP
If you wish to participate in the DRP with respect to dividends to which the Plan may apply for part or all of your shareholding (i.e. if you decide either Alternative 2 or 3 suits your particular circumstances), you must complete the Election Form enclosed with the Information Booklet and ensure that it is received at the Share Registry, Computershare Registry Services Pty Limited, Level 2, 60 Carrington Street, Sydney NSW 2000 or GPO Box 7115, Sydney NSW 2001, prior to the DRP Election Date for the relevant dividend.Please note that if your shares are held under different shareholder reference numbers in the Register you will need to complete an Election Form in respect of each separate shareholder reference number.
Under the DRP, the relevant dividend payable in cash on shares participating in the DRP will be applied by the Company on your behalf in subscribing for fully paid ordinary shares in Supply Network. Such shares will be issued at the lower of:
the price as determined by the Board, in its absolute discretion and announced to ASX on the day a Dividend is declared by the Board, to be the maximum price (if any) in dollars per Share at which Shares will be issued pursuant to the DRP ("Price Cap"); and
the price in dollars per Share derived by applying a discount (as determined by the Board in its absolute discretion and announced to ASX on the day a Dividend is declared by the Board, presently being 5%) to the "Market Price" which is the volume weighted average market price (on an ex-dividend basis) of Supply Network shares during the five trading days subsequent to and inclusive of the Ex- Dividend Date for the relevant dividend provided however that where no sales are recorded over the aforementioned period or if, in the opinion of the Board, in its absolute discretion, the market for shares in the Company is affected by any unusual or extraordinary circumstances, the "Market Price" of Supply Network shares means the fair ex- dividend market value of a Share given the relevant circumstances as determined by the Board in its absolute discretion.
Ranking of Shares: Shares issued pursuant to the Plan will rank equally in all respects with all other fully paid ordinary shares on issue.
Supply Network Limited issued this content on 14 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 April 2016 07:19:22 UTC
Original Document: http://www.supplynetwork.com.au/pdf/DRP/DRP%20Info%20Booklet%20March%202016.pdf