GR Engineering Services sets DRP price with 2.5% discount

GR Engineering Services Limited (ASX:GNG) has updated its dividend distribution, announcing the Dividend Reinvestment Plan (DRP) price. The ordinary dividend distribution per security remains AUD 0.12000000, fully franked at 100.0000% with an applicable corporate tax rate of 30.0000%. The payment date for the dividend is September 25, 2025, with the record date on September 2, 2025, and an ex-date of September 1, 2025.

The DRP price has been set at AUD 3.89700, after applying a 2.5000% discount. This price was calculated based on the volume weighted average price for the 10 trading days commencing after the record date of September 2, 2025. Shares issued under the DRP will rank pari passu from the issue date of September 25, 2025, and will be new issues.

The last date for lodgement of election notices for the DRP was September 3, 2025. DRP participation is open to shareholders with a registered address in Australia or New Zealand, with no minimum or maximum dollar amount or number of securities required for participation.