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FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2016
Aug 9, 2016
64916_rns_2016-08-09_88a68546-dbc4-426b-a5d7-42da7203eed4.pdf
Capital/Financing Update
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10 August 2016
Dear Fellow Optionholder,
FINAL NOTICE: Exercise your FGX options by 16 September 2016 to receive the fully franked final dividend of 2.0 cents per share
On 21 July 2016, you received a letter regarding your Future Generation Investment Company Limited (FGX) options. We are required by the Australian Securities Exchange to send this final notice.
The Board of Future Generation Investment Company Limited (FGX) declared a fully franked final dividend for FY2016 of 2.0 cents per share. This brought the full year fully franked dividend to 4.0 cents per share for FY2016.
If you exercise all or part of your options into ordinary shares on or before 16 September 2016, you will be entitled to receive the 2.0 cents per share fully franked final dividend. Based on the FGX closing share price on 3 August 2016 the full year fully franked dividend payment would equate to an expected 3.5% fully franked yield, or an 5.0% yield when grossed up for franking credits (based on a tax rate of 30%).
Your options have an exercise price of $1.10 and can be exercised at any time on or before 16 September 2016. The options are currently trading on the Australian Securities Exchange (ASX) under the code FGXO where you have the opportunity to sell or purchase additional options. FGX shares are currently trading at $1.135, while FGX options are currently trading at $0.026 (as at 3 August 2016).
FGX ASX quotation share prices
Closing price on 3 August 2016 $1.135 Three month high before 3 August 2016 $1.150 (28/07/2016) Three month low before 3 August 2016 $1.110 (11/07/2016)
Your options will expire on 16 September 2016. They will stop trading on the ASX at the close of trading on 12 September 2016. If you do not exercise or sell your options, they will expire and have no value.
No brokerage costs will be incurred through the exercise of your options.
Level 11, 139 Macquarie Street, Sydney NSW 2000 I GPO Box 4658 Sydney NSW 2001 I ABN: 97 063 935 553 Phone 02 9247 9202 I Fax 02 9247 6855 I [email protected] I www.futuregeninvest.com.au
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Key dates Options expiry date 16 September 2016 Ex-dividend date 10 October 2016 Dividend record date 11 October 2016 Dividend payment date 21 October 2016
How do I exercise my options?
To exercise your options please complete the enclosed options exercise form. Then, together with payment – either by cheque or BPAY – return the exercise form to FGX’s registrar, Boardroom Pty Limited, in the reply paid envelope provided.
If you have any enquiries regarding completing the form, or would like to request a new one, please contact Boardroom directly on (02) 9290 9600 or by email at [email protected].
Further information
If you have any further questions about your FGX options, please call Louise Walsh, Chief Executive Officer of FGX on (02) 9258 4918 or Alexandra Hopper on (02) 9247 6755.
Thank you for your support for FGX.
Yours faithfully
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Jonathan Trollip Chairman
Level 11, 139 Macquarie Street, Sydney NSW 2000 I GPO Box 4658 Sydney NSW 2001 I ABN: 97 063 935 553 Phone 02 9247 9202 I Fax 02 9247 6855 I [email protected] I www.futuregeninvest.com.au