Notification of dividend / distribution

Notification of dividend / distribution



Update Summary


Entity name

BWP TRUST


Security on which the Distribution will be paid

BWP - ORDINARY UNITS FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Thursday February 11, 2016

Reason for the Update


Update of distribution estimate for the actual distribution payable for the six months ending 31 December 2015


Refer to below for full details of the announcement


Announcement Details



Part 1 - Entity and announcement details



  1. Name of +Entity

    BWP TRUST


  2. Registered Number Type

    ABN


    26082856424

    Registration Number


  3. ASX issuer code

    BWP


  4. The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement


Update of distribution estimate for the actual distribution payable for the six months ending 31 December 2015


  1. b Date of previous announcement(s) to this update

    Thursday December 10, 2015

  2. Date of this announcement

    Thursday February 11, 2016


  3. ASX +Security Code

BWP

ASX +Security Description

ORDINARY UNITS FULLY PAID


Part 2A - All dividends/distributions basic details


2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)

Thursday December 31, 2015

2A.4 +Record Date

Thursday December 31, 2015

2A.5 Ex Date

Tuesday December 29, 2015

2A.6 Payment Date

Thursday February 25, 2016

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?

Security holder approval Court approval

Lodgement of court order with +ASIC ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.

No


2A.8 Currency in which the dividend/distribution is made ("primary currency")

AUD - Australian Dollar


2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form

AUD 0.08290000

2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?

No

2A.11 Does the entity have a securities plan for dividends/distributions on this +security?

We have a Dividend/Distribution Reinvestment Plan (DRP)


Estimated or Actual?

Actual

2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?

Yes

2A.12 Does the +entity have tax component information apart from franking?

Yes


Part 3A - Ordinary dividend/distribution


3A.1 Is the ordinary dividend/distribution estimated at this time?

No

3A.1a(i) Date that actual ordinary amount will be announced

Thursday February 11, 2016

3A.1b Ordinary Dividend/distribution amount per security

AUD 0.08290000

3A.2 Is the ordinary dividend/distribution franked?

No

3A.3 Percentage of ordinary dividend/distribution that is franked 0.0000 %

3A.4 Ordinary dividend/distribution franked amount per +security

AUD 0.00000000

3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount

AUD 0.08290000

3A.7 Ordinary dividend/distribution conduit foreign income amount per security

AUD 0.00000000


Part 3E - Other - distribution components / tax

2A.11a(i) DRP Status in respect of this dividend/distribution

Full DRP


3A.1a Ordinary dividend/distribution estimated amount per +security

AUD 0.08290000


Estimated or Actual?

Actual


3A.5 Percentage amount of dividend which is unfranked

100.0000 %



3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).


Details of the taxable components of the interim distribution for the half-year ended 31 December 2015 will be provided via a separate ASX announcement today.


Part 4A - +Dividend reinvestment plan (DRP)


4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?

Do not participate in DRP (i.e. cash payment)

4A.2 Last date and time for lodgement of

election notices to share registry under DRP

Monday January 4, 2016 17:00:00

4A.4 Period of calculation of reinvestment price


Start Date

Thursday January 7, 2016

4A.5 DRP price calculation methodology

4A.3 DRP discount rate

0.0000 %


End Date

Thursday February 4, 2016


The allocation price for the units under DRP was calculated as the average of the daily volume weighted average unit price on each of the 20 consecutive trading days from and including 7 January 2016 to 4 February 2016.


4A.6 DRP Price (including any discount):

AUD 3.09000

4A.8 Will DRP +securities be a new issue?

No

4A.7 DRP +securities +issue date

Thursday February 25, 2016

4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?

No

4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?

No

4A.11 Are there any other conditions applying to DRP participation?

Yes

4A.11a Conditions for DRP participation


Participation in the DRP is open to all unitholders whose addresses are in Australia and New Zealand.


For further information regarding the DRP please go to the Investors, Distribution Reinvestment Plan, section of the Trust's website, www.bwptrust.com.au.

Alternatively contact the registry, Computershare at www.investorcentre.com/bwp or by telephone on 1300 136 972 (within Australia).

4A.12 Link to a copy of the DRP plan rules 4A.13 Further information about the DRP


Part 5 - Further information


5.1 Please provide any further information applicable to this dividend/distribution


Units to be allocated under the DRP will be acquired on-market and transferred to participants on 25 February 2016. A broker will be engaged to assist in this process.

BWP Trust issued this content on 11 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 February 2016 00:23:03 UTC

Original Document: http://www.bwptrust.com.au/IRM/PDF/1493/UpdateDividendDistributionBWP