ALE Group

Distribution Reinvestment Plan

The ALE Distribution Reinvestment Plan (DRP) is currently active.

Key Features

  • Participation is optional
  • No brokerage or other costs
  • Discount is advised by ASX Announcement periodically
  • Applies to distributions commencing the six months ending June 2008
  • Facilitates convenience for investors wishing to increase security holdings
  • DRP may be supplied by on-market acquisition of securities or the issue of new securities

On 3rd June 2008, the Board of ALE Property Group (ASX Code: LEP) introduced a DRP in respect of its stapled securities. ALE introduced this facility in response to requests from ALE's investors.

The DRP provides stapled security holders with a convenient and cost efficient means of increasing their security holdings in ALE by reinvesting part or all of their distributions in additional securities over time. By participating in the DRP investors do not incur any brokerage, commission, stamp duty, or other transaction costs.

Participation in the DRP is completely optional. ALE's stapled security holders are free to choose the proportion of their distributions that will participate in the DRP. You may alter or cancel your participation at any time.

If you choose not to participate in the DRP you will continue to be entitled to receive distributions in cash in the usual manner.

The DRP price is initially be set at a discount to the average of the daily volume weighted average market price of all sales of ALE's securities recorded on the ASX for the 20 ASX trading days following the day after the record date. Participation in the DRP was first made available to security holders for the half-year ending 30 June 2008.

Please note that the Board, in respect of a distribution, may specify a minimum and/or maximum limit on the number of stapled securities if you choose to participate in the DRP. Any such decision will be announced to the market. In order to be fair to all participants in the DRP, acceptances of more than the required amount will be scaled back on a pro-rata basis. Any part of the distribution not satisfied by stapled securities will be paid in cash.

Cash distributions used to acquire securities under the DRP are taxed in the same manner as cash distributions paid to security holders. As at June 2008 it was not anticipated that the DRP would materially alter the tax deferral of future distributions.

The DRP is not available to stapled security holders outside Australia and New Zealand. ALE may in the future cease to offer the DRP. In this case you will receive only cash distributions.

A copy of the ALE Property Group's DRP Rules, some answers to frequently asked questions is set out below.

DRP Rules & FAQOpens in new window

If you wish to participate you will need to lodge the attached DRP election form with the ALE Property Group Registry, Computershare Investor Services, no later than 5:00 pm (AEST) on the record date preceding the next distribution payment. Election Forms received after that date will not be eligible to participate in the DRP in respect of that distribution but will be eligible in respect of distributions that follow thereafter.

Alternatively, you may register online at in new window

If you do nothing you will continue to receive distributions in the usual manner.

These documents do not constitute investment advice and do not take into account the investment objectives, financial situation and particular needs of an investor. These documents do not constitute an offer of securities