Highlights

Dragline operating at night at Coppabella Mine

Share Price
$5.80 AUD
As at: 7:15 PM 10/10/2008
(20 Min Delay)
ASX code: MCC
Shares for Schools Program

Since 2002, the Shares for Schools Program has been providing high school students with the opportunity to gain an insight into the business of a public company.

In September, each school that participates in the program receives a parcel of Macarthur Coal’s shares. For the first three years of the program, schools received shares to the value of $2,000 however, in 2005, this was increased to $5,000. The shares are held in trust for two years with dividends reinvested on behalf of the schools. Schools are encouraged to track the performance of the company from the perspective of real shareholders.

Shares held in trust mature after two years and schools are then given a choice of retaining their shares with ownership transferred to the school or selling the shares for the benefit of their parents and citizens associations. To date, three groups have matured with all but two schools opting to retain their shares.

 

The following schools are involved in the program:

 

Group 1 – 2002 Group 2 – 2003 Group 3 – 2004 Group 4 – 2005 Group 5 – 2006
Brisbane State High School Biloela State High School Beerwah State High School Burnside State High School Calamvale Community College
Cavendish Road State High School Bowen State High School Blackwater State High School Ingham State High School Cannon Hill Anglican College
Heatley Secondary College Brisbane Girls Grammar School Brisbane School of Distance Education Lourdes Hill College Fraser Coast Anglican College
Mackay North State School Bundamba State High School Gympie State High School Redcliffe State High School Spinifex State College
Mackay State High School Cairns State High School Proserpine State High School Rockhampton State High School  
Marist College Ashgrove Indooroopilly State High School Toowoomba State High School Warwick State High School  
Michelton State High School Moranbah State High School Victoria Point State High School    
Monto State High School        
Southport State High School        
         

 


A teacher and a student representative from each school are invited to attend the company’s Annual General Meeting.

 

Macarthur Coal Award


Following the Annual general Meeting one student from each school in the current group of participating schools is invited to submit a report on matters concerning financial markets and issues affecting publicly-listed companies to be eligible for the Macarthur Coal Award which is a $5,000 scholarship towards university fees and an additional $5,000 worth of shares for their school.

 

Previous winners of the Macarthur Coal Award are:


Student School Year
Mario Hasanakos Mackay State High School 2002
Anna Burnett Biloela State High School 2003
Sarah Killey Springwood State High School 2004
Peter Chiesa Ingham State High School 2005
Kyle Wright Calamvale Community College 2006
     


Macarthur Coal is proud of the positive feedback received from the students and teachers involved in the program.