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- Gold giants Northern Star Resources (NST) has created a dividend reinvestment plan (DRP)
- Under the DRP, eligible shareholders can elect to reinvest either part of all their dividend payments into NST shares
- To participate in the DRP, shareholders must submit an application form before the closing date of the respective dividend
- Northern Star is down 0.69 per cent on the market today, trading at $11.52
Northern Star Resources (NST) has established a dividend reinvestment plan (DRP).
Under the DRP, eligible shareholders can elect to reinvest either part of all their dividend payments into NST shares.
Notably, no brokerage, commission or other transaction cost will be payable through shares purchased under the DRP.
To participate in the DRP, shareholders must submit an application form before the closing date of the respective dividend.
On Monday, Northern Star appointed Michael Chaney as Non-Executive Chair, effective from July 1.
Michael has more than four decades of experience as a senior executive and director.
He is currently the Chairman of Wesfarmers (WES) and was previously Chairman of National Australia Bank (NAB) and Woodside Petroleum (WPL).
“I am delighted that Michael has agreed to take on the role of Chair of Northern Star,” Executive Chair Bill Beament said.
“He is one of Australia’s most respected and successful business leaders whose vast knowledge and experience at the highest levels will be invaluable to the Company as it embarks on its next chapter,” he added.
Northern Star is down 0.69 per cent on the market today, trading at $11.52 at 1:41 pm AEST.
