Heartland Group Holdings Limited (NZX: HGH) Announces DRP Strike Price and AUD FX Rate for Dividend

Heartland Group Holdings Limited advises the strike price for shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 16 March 2021 is $1.80352659 per share.

The strike price has been determined in accordance with the DRP as the volume weighted average sale price for a Heartland share calculated on all trades of Heartland shares which took place through the NZX Main Board over the period of 5 trading days immediately following the record date of 2 March 2021, less a 2% discount.

Shareholders who have made a valid election to participate in the DRP will receive Heartland shares, instead of cash, for the dividend payable on 16 March 2021.

Heartland also advises that the foreign exchange (FX) rate to be used for payment of the cash dividend in Australian dollars (where applicable) has been set at 0.9355.

Please see the link below for details:

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Source: Heartland Group Holdings Limited

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