ALS Sets 23.1c Dividend and Appoints Macquarie for DRP Share Purchases

Dividend Payment and Franking Details

ALS Limited (ASX:ALQ) has updated its dividend announcement for the six-month period ending 31 March 2026, confirming an ordinary dividend of AUD 0.231 per share. The dividend is partially franked at 30%, reflecting a franked amount of AUD 0.0693 and an unfranked component of AUD 0.1617 per share. Payment is scheduled for 3 July 2026, with the record date set at 15 June and ex-dividend date on 12 June.

Multi-Currency Dividend Payments

In a move catering to its global shareholder base, ALS will pay dividends in multiple currencies based on the shareholder’s jurisdiction. While the primary currency remains the Australian dollar, shareholders may receive payments in euros, US dollars, Hong Kong dollars, New Zealand dollars, British pounds, or Singapore dollars. The currency conversion will use exchange rates prevailing on the payment date, providing flexibility for international investors with foreign currency accounts.

Dividend Reinvestment Plan Terms and Neutralisation Strategy

The company’s Dividend Reinvestment Plan (DRP) remains available for this dividend, offering shareholders the option to reinvest their dividends fully without any discount to the five-day volume weighted average price (VWAP) calculated from 17 to 23 June 2026. Importantly, participation in the DRP is restricted to shareholders with registered addresses in Australia and New Zealand.

To neutralise the potential dilution from the DRP, ALS has appointed Macquarie Securities (Australia) Limited to execute on-market share purchases during the DRP pricing period. Should these purchases not be fully completed, ALS will issue new shares to meet its DRP obligations. This approach mirrors previous neutralisation strategies and aims to balance shareholder interests and capital structure.

Procedural Notes and Shareholder Actions

Shareholders wishing to participate in the DRP must lodge their election notices by 5 pm on 16 June 2026. Those who do not elect to participate will receive their dividends in cash, credited directly to their nominated bank accounts. The company has not applied any discount to the DRP price, maintaining a straightforward reinvestment mechanism.

This update also clarifies that no external approvals, including security holder or court approvals, are required before the dividend payment. The appointment of Macquarie Securities as a third party to manage the on-market share purchases was the primary reason for this announcement update.