DRP Strike Price and AUD FX rate for 2017 Final Dividend
Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz
NZX AND ASX RELEASE
19 MARCH 2018
DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE
FOR 2017 FINAL DIVIDEND
Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment
plan (DRP) operating in respect to the dividend payable on 22 March 2018 has been set at
NZ$6.6150 per share. The strike price is inclusive of a 2% discount.
This strike price will apply in calculating the number of shares to be issued to participants who
have elected to receive additional shares rather than cash.
The strike price has been determined in accordance with the terms of the Plan and is
calculated as 98% of the volume weighted average sale price on all price-setting trades for
the five trading days to 16 March 2018.
The company also advises that the foreign exchange rate used for the payment of the dividend
on 22 March 2018 to Australian investors in AUD has been set at 0.9325.
ENDS
For enquiries:
Leanne Walker
Company Secretary
leanne.walker@summerset.co.nz
04 894 7361 or 029 770 8189
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- AIA — Auckland International Airport Limited: AIA -DRP strike price and FX rate for 2018 interim dividend2018-03-27
“Market Release | 27 March 2018 Dividend Reinvestment Plan strike price and FX rate for 2018 interim dividend Auckland Airport advises that the strike price for the Dividend Reinvestment Plan (DRP) operating in respect of the dividend payable on 5 April 2018 has been s…”
- FSF — Fonterra Shareholders' Fund: Notice of Strike Price for Dividend Reinvestment Plan2018-04-17
“17 APRIL 2018 NOTICE OF STRIKE PRICE FOR DIVIDEND REINVESTMENT PLAN Fonterra Co-operative Group Limited advises that the strike price for the shares issued under the dividend reinvestment plan (DRP) operating in respect of the 2018 interim dividend payable on 20 April 2…”
- FCG — Fonterra Co-operative Group Limited: Notice of Strike Price for Dividend Reinvestment Plan2018-04-17
“17 APRIL 2018 NOTICE OF STRIKE PRICE FOR DIVIDEND REINVESTMENT PLAN Fonterra Co-operative Group Limited advises that the strike price for the shares issued under the dividend reinvestment plan (DRP) operating in respect of the 2018 interim dividend payable on 20 April 2…”