Dividend Reinvestment Plan: Strike Price

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com



15 March 2019

Dividend Reinvestment Plan: Strike Price


NZX advises that the strike price for the dividend reinvestment plan (DRP) operating in respect
of the dividend payable on Friday 22 March 2019 has been set at $0.9714 per share.

The strike price has been determined in accordance with the terms of the DRP, as the volume
weighted average sale price in New Zealand dollars (expressed in cents and fractions of cents)
for an ordinary share calculated on all price setting trades of shares which took place through
the NZX Main Board over a period of five business days starting on 7 March 2019 (Ex-Date),
less a discount of 2%.

Shareholders who have elected to participate in the DRP reinvest their dividends to receive
additional shares, rather than cash.

The number of NZX shares to which DRP participants are entitled is calculated by multiplying
the net proceeds from NZX, of cash dividends payable or credited on a participating share, by
the number of that DRP participant’s participating shares, and then dividing that number by the
issue price of $0.9714.

For further information, please contact:
Hannah Lynch

Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com