Vicinity Centres Offers 1% Discount on FY25 Final Distribution DRP

Vicinity Centres Confirms DRP for FY25 Final Distribution

Vicinity Centres (ASX – VCX), one of Australia's leading retail property groups, has announced that its distribution reinvestment plan (DRP) will be available for the final distribution of the 2025 financial year. This distribution covers the six-month period ending 30 June 2025. The DRP allows securityholders to reinvest their distributions into additional stapled securities rather than receiving cash, providing a convenient way to compound their investment.

Discounted Securities to Encourage Participation

For this final distribution, Vicinity Centres is offering a 1.0% discount on the acquisition price of securities issued under the DRP. This discount is designed to incentivize investors to participate by providing a slight premium over the market price. The acquisition price will be calculated as the arithmetic average of the daily volume weighted average price of Vicinity’s stapled securities traded between 28 August and 3 September 2025.

Important Dates and Process Details

Key dates for investors to note include the ex-distribution date on 25 August 2025 and the record date on 26 August 2025. The last day for DRP elections is 27 August, with the five-day pricing period commencing on 28 August. The DRP acquisition price will be announced on 4 September, and the distribution payment along with the issue of DRP securities is scheduled for 16 September 2025.

Implications for Investors and the Market

Vicinity Centres’ DRP offering with a discount reflects a strategic approach to managing capital and rewarding securityholders. By encouraging reinvestment, the company can strengthen its equity base without the need for external capital raising. For investors, the DRP presents an opportunity to increase their holdings at a slight discount, potentially enhancing long-term returns in a stable retail property market.

While the announcement does not disclose the expected distribution amount, the continuation of the DRP with favourable terms signals confidence from the board in the company’s financial position and outlook. Investors will be watching closely to see the uptake rate of the DRP and how it influences Vicinity’s capital structure moving forward.