Notification of dividend / distribution

Update Summary

Entity name

THORNEY OPPORTUNITIES LTD

Security on which the Distribution will be paid

TOP - ORDINARY FULLY PAID

Announcement Type

Update to previous announcement

Date of this announcement

Monday March 27, 2017

Reason for the Update

Finalisation of DRP price

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

  1. Name of +Entity

    THORNEY OPPORTUNITIES LTD

  2. Registered Number Type

    ABN

    41080167264

    Registration Number

  3. ASX issuer code

    TOP

  4. The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Finalisation of DRP price

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

    Tuesday January 31, 2017

  2. Date of this announcement

    Monday March 27, 2017

  3. ASX +Security Code

TOP

ASX +Security Description

ORDINARY 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)

Saturday December 31, 2016

2A.4 +Record Date

Thursday March 16, 2017

2A.5 Ex Date

Wednesday March 15, 2017

2A.6 Payment Date

Wednesday April 5, 2017

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 0.00600000

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)

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?

No

Part 3A - Ordinary dividend/distribution

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

No

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

AUD 0.00600000

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

Yes

3A.3 Percentage of ordinary dividend/distribution that is franked 100.0000 %

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

AUD 0.00600000

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

AUD 0.00000000

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

AUD 0.00000000

Part 4A - +Dividend reinvestment plan (DRP)

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

Full DRP

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

AUD

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

Yes

3A.3a Applicable corporate tax rate for franking credit (%)

30.0000 %

3A.5 Percentage amount of dividend which is unfranked

0.0000 %

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

Friday March 17, 2017 17:00:00

4A.4 Period of calculation of reinvestment price

Start Date

Monday March 20, 2017

4A.3 DRP discount rate

0.0000 %

End Date

Friday March 24, 2017

4A.5 DRP price calculation methodology

The DRP price is the arithmetic average of the daily volume weighted average market price (rounded to the nearest Price Step) of all shares sold through a Normal Trade on the ASX automated trading system during the 5 Trading Day period.

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

AUD 0.70000

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

Yes

4A.7 DRP +securities +issue date

Wednesday April 5, 2017

4A.8a Do DRP +securities rank pari passu from

+issue date?

Yes

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?

No

4A.12 Link to a copy of the DRP plan rules

http://thorneyopportunities.com.au/TOP-DRP.pdf

4A.13 Further information about the DRP

Part 5 - Further information

  1. Please provide any further information applicable to this dividend/distribution

  2. Additional information for inclusion in the Announcement Summary

Thorney Opportunities Limited published this content on 27 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 March 2017 00:33:17 UTC.

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