Sydney, Australia, Aug 29, 2014 - (ABN Newswire) - carsales.com Ltd (ASX:CRZ) today announces the introduction of a Dividend Reinvestment Plan (DRP) which offers eligible shareholders the opportunity to reinvest all or part of their dividends in additional carsales.com Ltd shares without paying brokerage or other costs.
The DRP will operate with respect to carsales.com Ltd's FY2014 fully franked final dividend of 17.4 cents per share which was announced on August 13, 2014. The price for shares issued under the DRP will be determined using the volume weighted average daily price of carsales.com Ltd shares sold on the ASX over the period from October 3, 2014 to October 9, 2014 (inclusive). No discount will apply to the DRP share price for the FY2014 final dividend.
Shares issued under the DRP will rank equally with carsales.com Ltd's existing issued fully paid ordinary shares. Shareholders eligible to participate in the DRP are currently limited to those whose registered address on the carsales.com Ltd share register is in Australia or New Zealand.
Eligible shareholders who wish to participate in the DRP can make their election online at www.computershare.com.au/easyupdate/crz or complete the DRP Form which will be sent to shareholders for completion and submission to Computershare Investor Services Pty Limited (carsales share registry). Elections to participate in the DRP for the FY2014 final dividend must be received before 5:00pm (AEST) on October 3, 2014.
For further information, please contact Computershare on 1300 850 505.
To view the DRP, please visit:
A copy of the DRP Rules is also available at:
About Carsales.com Limited:
Carsales.com Ltd. (ASX:CRZ) (OTCMKTS:CSXXY) listed on the ASX in 2009 and is the largest online automotive, motorcycle and marine classifieds business in Australia; attracting more Australians interested in buying or selling cars, motorcycles, trucks and boats than any other classified group of websites. carsales.com Ltd's first revenues were reported in the financial year 1998.
carsales.com.au is Australia's number one automotive classified website and in September 2011 attracted more than 3.8 million unique visitors between its desktop and mobile sites. The carsales network of websites also includes CarPoint.com.au, bikesales.com.au, RedBook.com.au as well as leading boat, caravan, and truck and machinery classified websites and in September 2011 attracted more than 4.5 million unique visitors.
Carsales.com LimitedCameron McIntyre, Chief Financial Officer