Yes you are right the plan doesn't say it is only ex dividend prices but does it make any sense if what you are being given is partly calculated using the price for something different. There is no other DRP price that I can see in any ASX company that is calculated partly using cum-dividend prices. To illustrate how absurd it is consider a company with a 100c share price cum dividend that pays a 90cps dividend. When it goes ex dividend the price should be expected to be 10c. You would then expect to receive 90c worth of 10c shares in the DRP for which you can sell for 90c plus the discount if the shareprice remained at the VWAP calculated. If some of the VWAP included the $1 cum dividend price then there is no way that you could sell the shares for 90c because the VWAP would be more than 10c even if the ex dividend price didn't change
VTG Price at posting:
$1.26 Sentiment: Buy Disclosure: Held
