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ORIGIN ENERGY LIMITED — Capital/Financing Update 2014
Mar 24, 2014
65507_rns_2014-03-24_6edf45b1-00ff-406c-82f1-bf11fb787445.pdf
Capital/Financing Update
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| To | Company Announcements Office | Facsimile | 1300 135 638 | |
|---|---|---|---|---|
| Company | ASX Limited | Date | 25 March 2014 | |
| From | Helen Hardy | Pages | 3 | |
| Subject | Changes to Origin’s Dividend Reinvestment | Plan |
Please find attached a release on the above subject.
Regards
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Helen Hardy Company Secretary
02 8345 5023 – [email protected]
Origin Energy Limited ACN 000 051 696 • Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 1566 • www.originenergy.com.au
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ASX/Media Release
25 March 2014
Changes to Origin’s Dividend Reinvestment Plan
Origin Energy Limited (Origin) today announced three changes to the Company’s Dividend Reinvestment Plan (DRP). The revised rules are attached to this release.
The changes are:
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DRP election date - in accordance with revised ASX Listing Rules, the last election date for participation in a DRP will be moved to the business day following the Record Date for a dividend. As a result of the new election date, the DRP period will be correspondingly moved back by one day;
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DRP price rounding - setting the calculation of the DRP Price of Shares to be at two decimal places to be consistent with the price at which shares are allocated, therefore avoiding rounding discrepancies. The Directors retain the right to determine a different rounding at a later time as appropriate; and
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Donation of DRP residuals – allowing any cash balance of less than A$10 when a shareholder leaves the DRP to be donated to charities nominated by the Company. Origin’s current DRP Rules stipulate that residual amounts held in a shareholder’s DRP account are carried forward without interest. If a shareholder sells their entire shareholding, or ceases to participate in the DRP, that residual balance is then paid out to the relevant shareholder by cheque. This payment process is both costly and time consuming. This amendment will take effect from 1 July 2014, to allow shareholders time to change their DRP preferences if they wish to do so.
If shareholders would like to change their current participation in the DRP, please contact the Company’s share registry:
Boardroom Pty Limited Tel: 1300 664 446 (within Australia) Tel: +61 2 8016 2896 (outside Australia) Fax: +61 2 9279 0664 [email protected]
The full DRP Rules are available on Origin’s website www.originenergy.com.au.
For further information please contact:
Media Investors Stephen Ellaway Peter Rice Senior External Affairs Manager General Manager, Capital Markets Ph: +61 2 9375 5834 Ph: +61 2 8345 5308 Mobile: +61 417 851 287 Mobile: +61 417 230 306
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Origin Energy Limited ABN 30 000 051 696 • Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 1566 • www.originenergy.com.au
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About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&P/ASX 20 Index, the company has more than 6,000 employees and is a leading producer of gas in eastern Australia. Origin is Australia’s largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has the country’s largest and one of the most flexible generation portfolios with approximately 6,010 MW of capacity, through either owned generation or contracted rights. Origin’s strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia’s largest CSG to LNG projects based on Australia’s largest 2P CSG reserves base.
In New Zealand, Origin is the major shareholder in Contact Energy, a leading integrated energy company, operating geothermal, thermal and hydro generation facilities and servicing electricity, gas and LPG customers across both the North and South islands. Origin is also a major operator and participant in petroleum exploration acreage in New Zealand.
Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.
For more information go to www.originenergy.com.au
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