The Dividend Reinvestment Plan (DRP) will provide holders of Fonterra’s co-operative shares the options to can reinvest all or part of their cash dividends to acquire additional shares.
DRP provides a convenient way for shareholders to invest dividends in additional shares, without incurring brokerage charges or commission.
Fonterra
Fonterra says the DRP provides a convenient way for shareholders to invest dividends in additional shares or units without incurring brokerage charges or commission.
The DRP is optional and is open to all shareholders and unitholders who have a registered address in New Zealand or Australia.
If Fonterra shareholders decide to participate in the DRP now, they will receive shares instead of all or part of the future cash dividends that they would otherwise receive for as long as they choose to participate. Shareholders can opt in or out of the scheme at any point.
Details of the DRP, including a summary of its key features, are set out in the Dividend Reinvestment Booklet
