Challenger to Neutralize Dividend Reinvestment Plan

MT Newswires Live

2025/02/28

Challenger (ASX:CGF) plans to neutralize the impact of shares allocated under the dividend reinvestment plan in relation to the fiscal first-half interim dividend, according to a Friday Australian bourse filing.

Challenger expects to buy up to AU$2 million worth of shares on-market to satisfy its obligations under the plan and the pricing period began on Friday and will finish on March 13.

UBS Securities Australia was appointed to execute the share purchase.

If the market purchase is not completed for any reason, then the firm will issue new shares to meet its obligations.

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