The DRP is a convenient and cost-effective way to grow your share portfolio in NAB without paying brokerage or other administration costs. Instead of receiving your dividend in cash, the DRP gives you the opportunity to receive NAB shares.
Participation is voluntary and you can join the DRP, vary your participation or withdraw from it at any time.
The following settings will apply to the DRP for the 2015 Interim Dividend:
- the last election date for the DRP will be at 5:00pm (Australian Eastern Standard Time) on 20 May 2015;
- no discount will be applied in determining the “Current Market Price”;
- the “Pricing Period” will be a period of 7 trading days commencing on
21 May 2015 and concluding on 29 May 2015; and
- there will be no limit on the number of shares that may participate in the DRP.
United States shareholders are not able to participate in the DRP, including where shares are held in a broker’s clearing account or by a trustee or nominee.