If this relative share price weakness keeps up for the dividend reinvestment plan pricing period (2 to 15 October), the 5% discount to the average of the DVWAP (ex dividend) over this period is going to present a pretty attractive purchase price on a shareholding top up. I see there is further protection available to participating shareholders through the setting of a maximum price at which DRP shares will be issued, with the price to be announced on or around 22 September. Might pay to reevaluate any decision not to participate in the DRP once the maximum price has been set in a couple of weeks.
This is one of the most shareholder friendly DRP’s around. Guess that helps explain why the participation rate is relatively high at 73% last time the DRP was operative (dividend paid 31 May 2019).
PTB Price at posting:
72.5¢ Sentiment: Buy Disclosure: Held
