Notification of dividend / distribution
Update Summary
For personal use only
Entity name
PLATINUM ASIA INVESTMENTS LIMITED
Security on which the Distribution will be paid
PAI - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
3/3/2022
Reason for the Update
Announcement of the DRP price (section 4A.6).
Refer to below for full details of the announcement
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Notification of dividend / distribution
Announcement Details
only | ||||
Part 1 - Entity and announcement details | ||||
1.1 Name of +Entity | ||||
PLATINUM ASIA INVESTMENTS LIMITED | ||||
1.2 Registered Number Type | Registration Number | |||
use | ABN | |||
13606647358 | ||||
1.3 ASX issuer code | ||||
PAI | ||||
1.4 The announcement is | ||||
Update/amendment to previous announcement | ||||
personal | 1.4a Reason for update to a previous announcement | |||
Announcement of the DRP price (section 4A.6). | ||||
1.4b Date of previous announcement(s) to this update | ||||
17/2/2022 | ||||
1.5 Date of this announcement | ||||
3/3/2022 | ||||
1.6 ASX +Security Code | ||||
PAI | ||||
ASX +Security Description | ||||
For | ORDINARY FULLY PAID | |||
Pa t 2A - All dividends/distributions basic details | ||||
2A.1 Type of dividend/distribution Ordinary
2A.2 The Dividend/distribution: relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
31/12/2021
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Notification of dividend / distribution
2A.4 | +Record Date |
25/2/2022 | |
2A.5 | Ex Date |
24/2/2022 |
only | 2A.6 Payment Date | |
18/3/2022 | ||
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable? | ||
Security holder approval | ||
Court approval | ||
Lodgement of court order with +ASIC | ||
ACCC approval | ||
FIRB approval | ||
use | Another approval/condition external to the entity required before business day 0 of the timetable for the | |
dividend/distribution. | ||
No | ||
2A.8 Currency in which the dividend/distribution is made ("primary currency") | ||
AUD - Australian Dollar | ||
personal | 2A.9 Total dividend/distribution payment amount per | |
+security (in primary currency) for all | ||
dividends/distributions notified in this form | ||
AUD 0.02500000 | ||
2A.10 Does the entity have arrangements relating to the | ||
currency in which the dividend/distribution is paid to | ||
securityholders that it wishes to disclose to the market? | ||
Yes | ||
2A.11 Does the entity have a securities plan for | ||
dividends/distributions on this +security? | ||
We have a Dividend/Distribution Reinvestment Plan (DRP) | ||
2A.11a If the +entity has a DRP, is the DRP applicable to | 2A.11a(i) DRP Status in respect of this | |
this dividend/distribution? | dividend/distribution | |
Yes | Full DRP | |
For | 2A.12 Does the +entity have tax component information | |
apart from franking? | ||
No | ||
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
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Notification of dividend / distribution
2B.2 Please provide a description of your currency arrangements
New Zealand shareholders can nominate a New Zealand dollar account (prior to record date) for the payment in New Zealand dollars and the dividend entitlement is converted at spot rate.
2B.2a Other currency/currencies in which the dividend/distribution will be paid: | |||||
only | Currency | Payment currency equivalent amount per security | |||
NZD - New Zealand Dollar | NZD | ||||
2B.2b Please provide the exchange rates used for non-primary currency payments | |||||
Spot rate | |||||
2B.2c If payment currency equivalent and exchange | Estimated or Actual? | ||||
use | rates not known, date for information to be released | Actual | |||
8/3/2022 | |||||
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the | |||||
default arrangements? | |||||
personal | No | ||||
P rt 3A - Ordinary dividend/distribution | |||||
3A.1 Is the ordinary dividend/distribution estimated at | 3A.1a Ordinary dividend/distribution estimated amount | ||||
this time? | per +security | ||||
No | AUD | ||||
3A.1b Ordinary Dividend/distribution amount per | |||||
security | |||||
AUD 0.02500000 | |||||
3A.2 Is the ordinary dividend/distribution franked? | 3A.2a Is the ordinary dividend/distribution fully franked? | ||||
Yes | Yes | ||||
3A.3 Percentage of ordinary dividend/distribution that is 3A.3a Applicable corporate tax rate for franking credit | |||||
franked | (%) | ||||
For | 100.0000 % | 30.0000 % | |||
3A.4 Ordinary dividend/distribution franked amount per | 3A.5 Percentage amount of dividend which is unfranked | ||||
+security | 0.0000 % | ||||
AUD 0.02500000 | |||||
3A.6 Ordinary dividend/distribution unfranked amount | |||||
per +security excluding conduit foreign income amount | |||||
AUD 0.00000000 | |||||
3A.7 Ordinary dividend/distribution conduit foreign | |||||
income amount per security | |||||
AUD 0.00000000 | |||||
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Notification of dividend / distribution
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of election notices to share registry under DRP
Monday February 28, 2022 17:00:00
4A.4 Period of calculation of reinvestment price
Start Date
4A.3 DRP discount rate
0.0000 %
End Date
For personal use only
24/2/2022 | 2/3/2022 |
4A.5 DRP price calculation methodology
The issue price is the prevailing stock market price, calculated as volume-weighted average price over the five business days subsequent to the date on which the Company shares cease to trade cum-dividend.
4A.6 | DRP Price (including any discount): | 4A.7 DRP +securities +issue date |
AUD 1.03196 | 18/3/2022 | |
4A.8 | Will DRP +securities be a new issue? | 4A.8a Do DRP +securities rank pari passu from +issue |
Yes | date? | |
Yes |
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No
4A.11 Are there any other conditions applying to DRP participation? Yes
4A.11a Conditions for DRP participation
Shareholders can participate if address on the register of shareholders is in Australia or New Zealand. In certain circumstances, the PAI Board may allow participation by persons that reside outside of Australia and New Zealand.
4A.12 Link to a copy of the DRP plan rules
www.platinum.com.au/Our-Products/All-Products/Platinum-Asia-Investments-Limited
4A.13 Further information about the DRP
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
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Platinum Asia Investments Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 01:09:06 UTC.