PPM reduces stake in Lindsay Australia amid dividend reinvestment plan

Private Portfolio Managers Pty Ltd (PPM) has reduced its substantial holding in Lindsay Australia Ltd, with its voting power decreasing from 7.32% (22,854,710 votes) to 5.53% (20,119,094 votes). The change, which occurred on July 1, 2025, involved an "Issue of New Shares" to clients of PPM.

Concurrently, Lindsay Australia Limited announced an update to its ordinary dividend distribution. The company will pay AUD 0.01500000 per fully franked security on October 10, 2025, for the period ending June 30, 2025. The ex-date for the dividend is September 29, 2025, and the record date is September 30, 2025.

The dividend is subject to a Dividend Reinvestment Plan (DRP) with a 5.0000% discount rate. The DRP reinvestment price has been set at AUD 0.62000, calculated as the weighted average market price over five trading days. New DRP securities will be issued on October 10, 2025. The last date for DRP election notices is October 1, 2025.