Grower Update - Gunns Plantations Ltd (GPL)
Due to recent speculation surrounding other companies' operations, we thought it was essential that we remind investors of the strengths of investing in an agricultural tax effective investment with GPL. It is important to us that we fulfil our obligations and commitment to our investors by keeping you informed about our business and your investments.
- Please click here to review the update which will provide you with an insight into GPL's strength as an MIS company and the stable, diverse forest products business of GPL's parent company, Gunns Ltd.
Gunns Full Year Profit
Gunns Announces $56.2 Million Full Year Profit
Gunns reported a net profit after tax for the 2009 financial year of $56.2 million, a decline of 4.9% on the previous year.
Gunns also announced the acquisition of ITC Timber Pty Ltd, a subsidiary of Elders Limited, for an enterprise value of $100 million.
Gunns will raise approximately $145 million of equity through a fully underwritten non-renounceable pro rata entitlement offer at $0.90 per New Share.
Dividends
2009 Final Dividend
Payment date: 9 October 2009
Record date: 11 September 2009
Dividend reinvestment plan: Yes
FORESTS
(Frankable Optionally Redeemable Equity Settleable Transferable Securities)
| |
Current Distribution Period |
Previous Distribution Period |
| Distribution rate |
5.7027% |
5.7015% |
| Distribution date |
14 October 2009 |
14 July 2009 |
| Record date |
30 September 2009 |
30 June 2009 |
Unsecured Notes
Gunns Ltd have issued a prospectus for the issue of unsecured notes. The unsecured notes operate in accordance with a Trust Deed which is available on request from Gunns.
Interest is accrued daily on each Note, and is credited on a quarterly basis. Interest can be reinvested to your Notes account, paid directly to your nominated bank account, or sent via a cheque.
Summary of investment options:
| |
At Call Deposit |
Fixed Term Deposit |
| Term |
At Call |
6 months* |
| Minimum Investment |
$1,000 |
$100,000 |
| *maturity is the end of the month immediately following the 6 month anniversary of the investment date |
The current prospectus is dated 24 December 2008 and the offer is open to investors from 12 January 2009. Applications will be accepted until 24 January 2010.
Interest rates applicable to investments (last updated 5 September 2009):
| Term |
Interest Rates |
| At Call |
5.5% |
| Fixed Term (6 months) |
6.5% |
If you would like a copy of the prospectus, please click here.
If you have any queries, please email gunns@gunns.com.au.
The Prospectus is an important document that should be read in its entirety. You may wish to consult your professional adviser about its contents.
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