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The following questions and answers are provided by WDS as general information only. WDS does not give investment advice.
Many of the answers below will suggest you contact the WDS share registrar, Link Market Services Limited. Their contact details are as follows:
Link Market Services Limited
Level 12,
680 George Street
Sydney, NSW 2000
Telephone: 1300 554 474 or + 61 2 8280 7111
www.linkmarketservices.com.au
ABOUT WDS
What does WDS do?
WDS is a leading provider of specialist services to the underground coal mining industry and an experienced provider of pipeline construction and maintenance services in Australia. WDS operates though its subsidiary companies Walter Mining and Diversified Construction Corporation and has a workforce of over 900 across its operations. The About WDSL and WDSL Businesses section of the web site provide further information.
What does WDS do about corporate governance?
Underlying WDS’ business is a set of principles, guidelines and practices that promote honest, transparent and responsible behavior and accountability in all that we do.
The WDS Board endorses Corporate Governance Council’s Corporate Governance Principles and Recommendations, and has adopted corporate governance charters and policies reflecting those recommendations to the extent appropriate having regard to the size and circumstances of WDS Limited. Detailed information is available under Corporate Governance from the Investor Relations section of this web site
What is the ASX code for WDS Limited?
WDS
Where can I find the latest financial information of WDS?
You can find recent and archived results announcements under ASX Announcements from the Investor Relations section of this web site
After the release of Annual Reports, they will be made available under Reports & Meetings from the Investor Relations section of this web site
ABOUT WDS SHARES
How do I buy or sell WDS shares?
WDS' ordinary shares may be bought or sold through a stockbroker. If you do not have a stockbroker, you can visit the Australian Securities Exchange web site (www.asx.com.au) which contains information on how to choose a stockbroker.
Can WDS sell my shares for me?
No. Usually, shareholders appoint a broker to sell their securities for them, or you can use an internet based security dealer.
How do I find out the price of my WDS shares?
WDS is listed on the ASX and the price varies. The current price for WDS can be found on the ASX web site at www.asx.com.au or in the business section of the daily newspapers.
There is a link to the ASX under ASX Share Price from the Investor Relations section of this web site
ABOUT BEING A SHAREHOLDER
What is the difference between Participant sponsored (CHESS) and Issuer sponsored? How do I know what my holding is?
CHESS stands for Clearing House Electronic Sub register System. CHESS participants have direct access to the settlement process and can sponsor other security holders to use CHESS facilities. All stockbrokers are participants as are the majority of large institutional investors, custodian nominees and trustee companies.
Issuer sponsored is where shares are held in an uncertified form, without the requirement for sponsorship i.e. a CHESS participant. Shareholders are not issued share certificates, but instead receive statements detailing their movements and shareholding balance. Statements are issued when you first become a shareholder and are also mailed within 5 business days of the end of the month in which any transaction occurs. The holding statement also shows your personal Security holder Reference Number (SRN) identifying the issuer sponsored holding.
What is my Holder ID Number?
Your holder reference or identification number, sometimes referred to as investor number, is important. This number identifies your holding and must be quoted when requesting information from the Registrar. It usually begins with an “I” for an Issuer sponsored holding or an “X” for a CHESS holding. It is equivalent to a PIN number on a bank account and should be held in a secure place.
Can I check my WDS shareholding on the internet?
You can view details about your WDS shareholding online via the Registrar, Link Market Services.
For your security, you will be asked to provide your Security holder Reference Number (SRN) or Holder Identification Number (HIN), your surname and your postcode, all of which can be found on your holding statement.
If you are unable to access the internet to check your shareholding you can contact Link Market Services.
How do I consolidate or merge more than one holding?
For Issuer Sponsored Holdings: If the names and addresses recorded for both holdings are identical and the holdings are registered on the same sub register (i.e. both are certificated or both are issuer sponsored), simply contact Link Market Services to consolidate duplicate holdings. If the names are not identical, you will need to contact Link to confirm the process necessary for amalgamating them under one holder number.
If the consolidation of your holdings involves a CHESS holding, you will need to contact your sponsoring broker to arrange consolidation.
ABOUT DIVIDENDS
How often do WDS pay dividends?
It is WDS’ intention to pay dividends twice a year. The calendar of expected payments for the year can be accessed under the Investor Relations section of our web site.
How can I receive my dividend payments?
Your distribution payments will be paid by Direct Credit to an Australian Bank, Building Society or Credit Union account. If Direct Credit instructions are not received prior to the relevant record date, a cheque will be sent to you at the address recorded by Link Market Services.
If you have not provided your bank account details to Link Market Services simply contact them.
Who should I contact if I have not received my dividend cheque?
Link Market Services, can confirm payment details and, where appropriate, issue another cheque. You should contact Link Market Services about electing to receive dividends by direct credit to avoid this problem in the future.
Does WDS have a Distribution Reinvestment Plan (DRP)?
The Directors have approved and may implement a DRP in the future. All shareholders will be advised before a DRP is implemented.
What records should I keep for tax purposes?
All shareholders, wherever they are based, should maintain records of purchases and sales (broker Contract Notes, etc). At the time of payment of each dividend, the company will provide a payment advice with all the details you require.
Where do I find information regarding tax implications?
WDS does not provide tax commentary on the trading of shares. Please seek assistance from your tax or financial adviser.
Why must I disclose my Tax File Number?
You do not have to disclose your tax file number (TFN). If you DO NOT, Link Market Services is obliged by law to deduct withholding tax from the taxable component relating to the property trust portion of your distribution payment.
If you have not provided your TFN to Link Market Services and you would like to do so, simply contact Link Market Services.
How do I claim withholding tax back?
Any withholding tax deducted from your payment may be claimed back in your annual income tax return.
ABOUT THE ANNUAL REPORT
How may I obtain a WDS Group Annual Report?
Shareholders would have been provided the option on whether to receive a copy of the Annual Reports and unless a hard copy is requested, Shareholders will be able to access the Annual Reports under Reports & Meetings from the Investor Relations section of this web site.
If you would like to register for email notification when the Annual Report is available online or would like to change your preference on how you receive Annual Report, simply contact Link Market Services.
In any case, a hard copy of the Annual Report can be obtained by calling Link Market Services.
ABOUT THE ANNUAL GENERAL MEETING
What is an Annual General Meeting?
An Annual General Meeting (AGM) as required by law, is a meeting held each year where shareholders and management discuss the Company’s activities, and where shareholders consider and vote on a variety of business matters.
All shareholders are invited to attend the AGM and are provided with a Notice of Meeting describing the business to be conducted, and a proxy form to allow them to vote in a variety of ways if they cannot or do not wish to attend the meeting in person.
When is the Annual General Meeting?
The AGM of WDS will be held on a different date each year following the release of the Annual Report. Generally, the AGM will be held in October/November each year.
A copy of the Notice of Meeting will be sent to all holders, as required by law. The Notice of Meeting will inform you of the date, time and venue of the AGM.
What if I am unable to attend the Annual General Meeting?
If you cannot attend, you can express your views by appointing a proxy to act on your behalf. This person will be able to attend the meeting, to speak and to vote on your behalf. Your proxy can be the Chairman of the meeting, or any other person you choose. That person need not be a shareholder of WDS. Prior to the meeting, Link Market Services will send proxy forms to shareholders.
My registered holding is in the name of a company. Can I still attend the AGM and vote?
If you have provided the appropriate documentation to the share registrar, appointing you to act on behalf of the company, then you can attend the AGM as the company representative. If you have not provided the appropriate appointment documents, then contact Link Market Services and request them to send you an Appointment of a Corporate Representative form.
ABOUT UPDATING PERSONAL INFORMATION
Can I change my address over the telephone?
For Issuer Sponsored holdings you can change your address by contacting Link Market Services.
For Participant Sponsored (CHESS) holdings you can change your address by advising your sponsoring participant in writing.
Can I change my Banking details over the telephone?
No. A request to change your bank details must be in writing. The relevant form to do this can be downloaded from the Link Market Services web site. Alternatively you can call Link Market Services and ask for a form to be sent to you.
MORE INFORMATION
How do I find out more about WDS?
This web site is regularly updated with important information about our company, including ASX releases, reports, news releases and information about our subsidiary companies Walter Mining and Diversified Construction Corporation.
Alternatively if you have more questions regarding your WDS shares, please contact Link Market Services.