Are new shares being issued for pay this dividend. I thought...

Are new shares being issued for pay this dividend. I thought everyone was diluted last dividend?

In practice, this means we intend for AGL Energy to continue to
pay ordinary dividends at 75% of Underlying Profit after tax for its
remaining dividends and that shareholders will continue to have the
option of subscribing under the DRP to receive shares in lieu of
a cash dividend. These new shares will be available at a discount
of 1.5% to the arithmetic average of the daily volume weighted
average price of AGL shares in ordinary trading on ASX over a 20
trading day period commencing 30 August 2021. In addition, through
the DRP underwrite program, AGL Energy will appoint Macquarie
Capital (Australia) Limited to underwrite an amount equal to the total
dividend payment. Any shortfall in subscriptions from AGL Energy
shareholders for new shares under the DRP will then be issued to the
underwriter. The underwriter will arrange for the sale of any shortfall
volume on market. This process will enable AGL Energy to retain cash
within the business equal to the total value of each dividend during
the period it operates.
The Board acknowledges the impact upon shareholders of the loss
of the proposed Special Dividend and the dilution caused by the
issuance of new shares via the DRP underwrite program.