Return of Capital to Shareholders

Consistent with the proposal announced with the 1H16 half-year results, the Board of Service Stream proposes a return of capital of 5 cents per share to shareholders. This will result in a reduction of the share capital and cash balance of Service Stream by approximately $19.3m. The Record Date for the return of capital has been set as 7pm AEST on Friday 3 June 2016, with a Payment Date of Friday 10 June 2016.

Share Consolidation

The Board also proposes to implement an equal and proportionate share consolidation in a ratio of 0.9318 ordinary shares for every one Service Stream share held on the Record Date. Where the consolidation calculation results in a fraction of an entitlement, fractions will be rounded up to the next whole number of shares.

The combination of the return of capital to shareholders and the share consolidation is intended to ensure that all shareholders receive an equal cash distribution per share, whilst providing an earnings per share outcome similar to a share buy-back. The share consolidation is also expected to neutralise any expected share price reduction arising from the return of capital.

The number of Service Stream Limited shares on issue will be reduced from approximately 386.4 million to approximately 360.04 million.

What do I need to do by when?

Refer to ASX announcement 28 April 2016 entitled “Return of Capital and Share Consolidation”.

Need more information?

Issued by

John Johansson

Adviser, Listings Compliance

Contact information

John Johansson
+61 (03) 9617 8770
john.johansson@asx.com.au

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