Coles Group updates DRP price, announces 2025 annual general meeting details

Coles Group Limited (ASX:COL) released an update to its dividend/distribution notification, revising the dividend reinvestment plan (DRP) price to AUD 23.83220. The ordinary dividend/distribution amount per security remains AUD 0.32000000, fully franked at 100.0000% with a corporate tax rate of 30.0000%. The DRP price is based on the arithmetic average of the daily volume weighted average market price of Coles' shares during the five trading days commencing on September 10, 2025. DRP securities will be a new issue, ranking pari passu from the issue date of September 22, 2025.

The company also announced its 2025 annual general meeting (AGM) to be held on Tuesday, November 11, 2025, at 9:00 AM (AEDT) as a hybrid event. Shareholders can attend in person at CENTREPIECE, Melbourne Park, or online. Key agenda items include the re-election of Ms. Jacqueline Chow and Mr. Scott Price as directors, adoption of the remuneration report, and approval of short-term and long-term incentive grants for the managing director and CEO, Ms. Leah Weckert.

Shareholders are encouraged to submit direct votes or proxy appointments by 9:00 AM (AEDT) on Sunday, November 9, 2025, and questions in advance by 5:00 PM (AEDT) on Monday, November 3, 2025. The board unanimously recommends voting against resolutions 6.1-6.3, which were requisitioned by a group of shareholders and relate to constitutional amendments and seafood sourcing policies.