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Why Is SunRice Backing Its Dividend Reinvestment Plan with $10M Underwriting?

10:52am on Thursday 26th of June, 2025 AEST Consumer Staples
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Why Is SunRice Backing Its Dividend Reinvestment Plan with $10M Underwriting?

10:52am on Thursday 26th of June, 2025 AEST
Key Points
  • DRP reactivated for FY25 final dividend of 50 cents per B Class share
  • Shares issued at 3% discount to 7-day VWAP starting 1 July 2025
  • Partial underwriting of up to $10 million by Canaccord Genuity
  • Underwriting supported by institutional investors with detailed termination conditions
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