Wam Research updates DRP price for upcoming distribution

Wam Research Limited (ASX:WAX) has provided an update to its previous dividend distribution notification, specifically pertaining to the Dividend Reinvestment Plan (DRP) price. The company confirmed an ordinary fully paid dividend of AUD 0.05000000 per security for the period ending June 30, 2025. This dividend is 60% franked, with an applicable corporate tax rate for franking credit of 30.0000%, resulting in a franked amount of AUD 0.03000000 and an unfranked amount of AUD 0.02000000 per security.

The DRP will operate with a 2.5000% discount rate. The DRP price has been set at AUD 1.21427. This price was calculated as the volume weighted average market price (VWAP) of shares sold on the ASX on the ex-date (October 15, 2025) and the three trading days following that date, less the specified discount. The payment date for the dividend and the issue date for DRP securities is October 28, 2025.

Shareholders who wished to participate in the DRP needed to lodge their election notices by 5:00 PM on Monday, October 20, 2025. DRP securities will be a new issue and will rank pari passu from the issue date. There are no minimum or maximum dollar amounts or numbers of securities required for DRP participation.