Heartland Announces Strike Price for DRP

NZX/ASX and Media Release

Heartland Announces Strike Price for Dividend Reinvestment Plan

25 March 2019

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises that the strike price for
shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable
on 29 March 2019 is $1.4709 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 15 March 2019, less a 2.5% discount. Shareholders who
have made a valid election to participate in the DRP will receive Heartland shares, instead of cash, in
respect of the dividend payable on 29 March 2019.

A revised NZX Corporate Action distribution notice in respect of the dividend and the new shares to
be issued under the DRP is attached.

– Ends –

For further information please contact:

Jeff Greenslade
Chief Executive Officer
Heartland Group Holdings Limited
021 563 593

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Corporate Action Notice
(for a Distribution)
Updated as at 28 January 2019
Page 1 of 2
Section 1: issuer information
Name of issuer Heartland Group Holdings Limited
Financial product name/description Ordinary Shares
NZX ticker code HGH
ISIN NZHGHE0007S9
Type of distribution
(Please mark with an X in the relevant
box/es)
Full Year Quarterly
Half Year X Special
DRP applies YES
Record date Close of trading on: 15/03/2019
Ex-Date (one business day before the
Record Date)
14/03/2019
Payment date (and allotment date for
DRP)
29/03/2019
Total monies associated with the
distribution
$19.8m
Source of distribution (for example,
retained earnings)
Retained Earnings
Section 2: distribution amounts
Total amount $0.048611
Cash per financial product $0.035
Supplementary distribution $0.006176
Section 3:
Is the distribution imputed Fully imputed X
Partial imputation
No imputation
If fully or partially imputed, please state
imputation rate as % applied
100%
Imputation tax credits per financial
product
$0.013611

Page 2 of 2




Resident withhold tax amount per
financial product
1

$0.002431
Section 4: distribution re-investment plan (if applicable)
DRP % discount (if any) 2.5%
Start date and end date for determining
market price for DRP
Close of trading on:
18/03/2019
Close of trading on:
22/03/2019
Date strike price to be announced (if not
available at this time)
Close of trading on: 25/03/2019
Specify source of financial products to
be issued under DRP programme (new
issue or to be bought on market)
New Issue Ordinary Shares
DRP strike price per financial product $1.4709 per share
Last date to submit a participation
notice for this distribution in accordance
with DRP participation terms
18 March 2019, 5:00pm (New Zealand Time)
Section 5: authority for this announcement
Name of person authorised to make this
announcement
Michael Drumm
Contact phone number 09 927 9136
Contact email address Michael.drumm@heartland.co.nz
Date of release via MAP 25/03/2019