Does Boral have a Dividend Reinvestment Plan and what are its terms and conditions?
Boral has a Dividend Reinvestment Plan (“DRP”) under which you can choose to reinvest your dividends in Boral to acquire additional shares. The minimum level of participation is 100 shares. The number of shares provided under the DRP is calculated by dividing the cash dividend entitlement (after deducting any applicable Australian withholding tax) by the price per share. From the 2009 interim dividend, the price per share will be the arithmetic average of the daily volume weighted average price of all ordinary Boral shares sold on ASX on each of the ten trading days commencing on the second trading day after the record date of Boral’s share register for determining entitlements to the dividend. There is no discount from this price. When a fraction of a Boral share would result from the calculation of a DRP entitlement, the entitlement is rounded down to the nearest whole number of shares and the value of that fraction of a share is carried forward in a participant’s DRP account, withou
