Distributions

Under the Plan, you may elect to have distributions made on some or all of your HPI Stapled Securities
automatically reinvested in additional HPI Stapled Securities.

You are eligible to participate in the Plan if your address on the HPI security register is in Australia or New Zealand.

You may elect to participate by completing an Application Form, specifying whether you wish to participate in full or in part, and returning the Application Form to the Security Registrar.

Link to form: https://www.hpitrust.com.au/wp-content/uploads/2021/11/HPI-DRP-variation-form.pdf

If you elect to participate in full in the Plan, then all Stapled Securities held by you at the relevant Record Date for the relevant distribution will be treated as participating in the Plan. If you choose partial participation, only the specific number of Stapled Securities nominated will participate in the Plan.

 

No, participation is entirely optional.

The Administrators will determine for each distribution whether or not a discount will be applied to the Plan. The discount, if any, will be announced to ASX at the time the relevant distribution is announced to ASX.

Yes, Stapled Securities allotted or transferred under the Plan rank equally in all respects with existing Stapled Securities from the date of allotment.

Stapled Securities will be allotted or transferred at the daily volume weighted average market price of all HPI Stapled Securities traded on the ASX during the first 20 Trading Days on and from the first date the Stapled Securities trade on the ASX on an ex-entitlement basis in respect of the relevant Distribution, less any applicable discount.

The number of Stapled Securities to be allotted or transferred to each DRP Participant depends on the value of the distribution declared. The exact number of Stapled Securities will be the value of the distribution entitlement divided by the Subscription Price, rounded down to the nearest whole number of Stapled Securities.

No brokerage or other transaction/administration costs are payable by DRP Participants on Stapled Securities allotted.

Additional information, including the DRP Rules can be obtained from the investor centre on the HPI website:
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