Suncorp sets dividend reinvestment price, issues executive share rights

Suncorp Group Limited announced an update to its ordinary dividend, confirming a payment of AUD 0.49 per security for the period ending June 30, 2025. This dividend is fully franked at a corporate tax rate of 30%. The payment date is set for September 24, 2025, with a record date of August 20, 2025. The dividend reinvestment plan (DRP) price has been set at AUD 21.17, with new securities to be issued on September 24, 2025.

In addition to the dividend update, Suncorp reported the issue of 314,696 share rights on September 3, 2025, under its employee incentive scheme. These share rights, which are not intended to be quoted on ASX, were issued without security holder approval, utilising the entity's 15% placement capacity.

A significant portion of these share rights, totaling 160,131, were issued to key management personnel (KMP) and their associates. For example, steve johnston, chief executive and managing director, received 49,674 share rights at a value of $21.56 per share right, representing a deferred portion of his 2024-2025 short-term incentive award. These newly issued share rights will rank equally with existing securities in their class.