Region Group (ASX: RGN) has announced a distribution payment of 7.50 cents per security with a total distribution amount of $84.9 million.
Security holders have the option to participate in the Distribution Reinvestment Plan (DRP) with an issue price calculated as the arithmetic average of the daily volume weighted average price of all sales of Stapled Securities sold through a Normal Trade recorded on ASX, for the first 10 ASX Trading Days following 3 January 2023, less 1.0% (being the Board approved DRP discount for this distribution), rounded to the nearest whole cent.
Moelis Australia Advisory Pty Ltd is underwriting a DRP take-up rate of 50% of the total distribution amount by subscribing for any shortfall in the take-up rate by RGN security holders.