30 October 2008
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Company Announcement
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Nufarm DRP underwriting cancelled
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Given the significant recent deterioration in daily trading volume on the Australian Stock Exchange, Nufarm has today taken the decision to cancel the underwriting of the Dividend Reinvestment Plan (DRP) for the final dividend associated with the 2008 financial year result. The sole basis for this decision is to remove any potential short term technical pressure on the Nufarm share price during the pricing period.
The DRP will still apply for those acceptances validly received prior to the election date. All DRP dates remain unchanged.
The Nufarm Board believes this decision is in the best interests of all Nufarm shareholders given current market conditions.
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Further information:
Nufarm Limited
Robert Reis
+61 3 9282 1177 |
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