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Harvesting the discount from Share Purchase Plans

SPP Harvester™

SPP Harvester™ allows investors to access Share Purchase Plans (SPPs) by automatically buying each investor a 1-share position in Australia's largest ASX listed, liquid, operating entities. As each share is beneficially registered to the investor's name, when these companies undertake SPPs, SPP Harvester™ applies for new securities where the SPP price is at a discount to the current share price. Out of the money SPPs are automatically excluded.

When securities are allocated by the custodian to the investor's account and commence trading, SPP Harvester™ automatically sells the new securities on behalf of the investor and returns the funds to the investor's cash account, ready for the next SPP.

Recent SPPs

The following summary provides an overview of upcoming and past SPPs made available¹ to investors in SPP Harvester™. Each of these companies are included in the SPP300 portfolio, consisting of the largest and most liquid ASX listed operating companies.

Upcoming SPPs

Current SPP Harvester Applications

Recent SPP Harvester Applications

Based on applying for the maximum eligible amount (typically $30,000) into each SPP available via SPP Harvester, before brokerage and fees.

Investors should be aware, that the number, frequency, and pricing of past SPPs may not be a reliable indicator of the number, frequency, and pricing of SPPs that will be accessed via SPP Harvester in the future. Past performance is not a reliable indicator of future performance.

See here for SPP Harvester™ returns since inception.

Notes

1 Investors are only eligible for SPPs if they were a shareholder on the record date for the particular SPP. The record date for each upcoming SPP is prior to the SPP announcement on the ASX. The Manager emails members of SPP Harvester™ with the record date for each SPP.

2 SPP Price is based on the maximum price in the SPP Booklet issued by the company, which is typically the price paid by institutions in the associated placement. The SPP price may be lower if the SPP contains a price fall clause, which usually calculates the actual SPP price as the lower of this fixed price and a 1-2% discount to the 5-day VWAP of the securities leading up to the close of the SPP. SPPs that contain a price fall clause are marked with an asterisk (*).

3 This is the date the Manager anticipates that funds from the sale of the SPP securities will be returned to the investor’s SPP Harvester™ cash account, and therefore would be included in the calculation of the proportional SPP Application Amount. The date is an estimate, and is dependent on the day that the company allots the SPP securities, the date that the Custodian allocates the securities to beneficial holders, and how the volume of total SPP Harvester™ allocations and sales interact with trading volumes and the price impact algorithms deployed for sell-downs. Each of these future matters is beyond the control of the Manager, and the Manager takes no responsibility if the actual date that sale proceeds are deposited into each investor’s SPP Harvester™ cash account is different from the estimate above.

4 Discount is based on the placement discount to the last traded price prior to the announcement as disclosed by the company to ASX, unless otherwise specified in the company’s ASX announcement.

5 This is the number of days between the date on which funds were drawn from SPP Harvester cash accounts to pay for the SPP securities and the date on which the sale proceeds were deposited back into the investor’s SPP Harvester cash account.

6 Includes dividends received from SPP shares.

7 Allocation based on a maximum eligible application into every SPP through SPP Harvester™.

8 Money weighted return based on SPP allocation size.

9 Allocation based on the maximum application for an SPP issued by a Lower Liquidity Company.

spp@onmarket.com.au | www.onmarket.com.au

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