Woodside currently operates a Dividend Reinvestment Plan (DRP) which provides shareholders with the option of reinvesting all or part of their dividends in additional Woodside shares, without paying any brokerage or other entry costs.
Participation in the DRP is optional, but only shareholders with a registered address in Australia or New Zealand at the relevant dividend record date are eligible to participate.
The number of shares that a DRP participant will receive will be determined by dividing the DRP participant’s dividend payable by the DRP share price (as determined under the DRP Rules), rounded down to the nearest whole share. Fractional entitlements will be carried forward and added to the DRP participant's next dividend for the purposes of calculating DRP shares. The DRP Rules provide that the Woodside Board may, in its discretion, allow participants a discount in respect of the share price calculated under the DRP Rules in respect of a dividend. Any discount will be announced to the ASX.
Details on the operation of the DRP are summarised in the Frequently Asked Questions below. If shareholders choose to participate in the DRP, their participation will be under the terms of the DRP Rules, which are also available below.
DRP Election/Variation Form can be downloaded below or by contacting the Woodside Share Registry on 1300 558 507 (within Australia) or 61 3 9415 4632 (overseas).
DRP Election/Variation Form