Bellamy’s Australia Limited
(ASX:BAL) is set to launch a dividend reinvestment plan to eligible shareholders.
The food and beverage company said the DRP will allow eligible shareholders to reinvest part or all of their dividends into new Bellamy shares.
Bellamy’s Australia advised investors that the issue price for DRP shares will be set using a volume weighted average market price of Bellamy shares traded on the ASX.
DRP shares are set to be issued as soon as practical to participating shareholders following the payment of the dividend and will be free of brokerage and other transaction costs.
Bellamy’s Australia recorded a net profit of $9.07 million at 30 June 2015.
