TGG 0.56% $1.79 t&g global limited ordinary shares

Ann: DRP: TGG: Dividend Reinvestment Plan

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    					TGG
    06/11/2015 14:50
    DRP
    NOT PRICE SENSITIVE
    REL: 1450 HRS T&G Global Limited
    
    DRP: TGG: Dividend Reinvestment Plan
    
    On 29 October 2015 the Board of Directors of T&G Global Limited ("Company")
    announced that the Company will pay a fully imputed interim dividend for the
    financial year ending 31 December 2015 of 6.0 cents per share.
    The record date for determining a shareholder's entitlement to the dividend
    is 5pm on Friday 27 November 2015  ("Record Date"). The payment date for the
    dividend is 4 December 2015.
    The T&G Dividend Reinvestment Plan ("DRP") has been re-instated by the Board
    and will be in operation for this dividend. Under the DRP, shareholders can
    elect to receive fully paid bonus ordinary shares in lieu of some, or all, of
    their cash dividend.
    Changes to the terms and conditions of the DRP have been made. These changes
    are minor and/or technical in nature and do not affect how the DRP operates.
    These changes include:
    (a) updating references to applicable legislation;
    (b) adding reference to participants' ability to download financial
    statements and the auditor's report on financial statements from the
    Company's website (refer clause 14 of the DRP) to enable the Company to
    comply with the Financial Markets Conduct Act 2013 and Financial Markets
    Conduct Regulations 2014; and
    (c) updating references to the Company to reflect the Company's change of
    name from Turners & Growers Limited to T&G Global Limited.
    A copy of the updated DRP Offer Document can be viewed at
    www.tandg.global/t-and-g-investors/corporate-documents/ and is currently
    being mailed to shareholders.
    The Board will determine the price at which the bonus ordinary shares will be
    issued under the DRP.  This price is expected to be the weighted average sale
    price for all the Company's ordinary shares sold on NZX during the 20
    business days to 27 November 2015, less:
    (a) the amount of the cash dividend (that is, 6.0 cents per share); and
    (b) a further 5.0% discount, which has been determined by the Board.
    If a shareholder:
    (a) has previously elected to participate in the DRP (and not withdrawn that
    election), and wishes that participation to continue, they need not take any
    action;
    (b) has previously elected to participate in the DRP (and not withdrawn that
    election), and wishes to amend or withdraw their participation, they must
    complete and return the enclosed Election Notice (to amend their
    participation) or Notice of Withdrawal (to withdraw their participation)
    (included in the Offer Document), as appropriate, to Computershare Investor
    Services Limited before the Record Date;
    (c) has not previously elected to participate in the DRP, and wishes to
    participate, they will need to read the terms and conditions of the DRP
    carefully and complete and return the Election Notice to Computershare
    Investor Services Limited before the Record Date; or
    (d) has not previously elected to participate in the DRP, and does not wish
    to participate, they need not take any action.
    Election Notices and Notices of Withdrawal received by Computershare Investor
    Services Limited after the Record Date will not apply to this dividend, but
    will take effect for future dividends.
    
    Issued by:
    
    Doug Bygrave
    Company Secretary
    Telephone: (09) 573 8899
    End CA:00272996 For:TGG    Type:DRP        Time:2015-11-06 14:50:41
    				
 
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