HGH announces DRP strike price and AUD FX rate for dividend

NZX/ASX Release
Heartland announces strike price for Dividend Reinvestment Plan and AUD FX rate for dividend
2 September 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 6 September 2019 is $1.54446002 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 23 August 2019, 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 6 September 2019.
Heartland also advises that the foreign exchange rate to be used for payment of the cash dividend in
Australian dollars (where applicable) has been set at 0.9448.
A revised 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:
Cherise Barrie
Chief Financial Officer
Heartland Bank Limited
09 927 9059
027 503 6119
Michael Drumm
General Counsel
Heartland Group Holdings Limited
09 927 9136
Andrew Dixson
Head of Corporate Finance
Heartland Group Holdings Limited
021 263 2666

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Distribution Notice

Updated as at 8 May 2019

Section 1: Issuer information
Name of issuer Heartland Group Holdings Limited
Financial product name/description Ordinary Shares
NZX ticker code HGH
ISIN (If unknown, check on NZX
website)
NZHGHE0007S9
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies X
Record date 23/08/2019
Ex-Date (one business day before
the Record Date)
22/08/2019
Payment date (and allotment date for
DRP)
06/09/2019
Total monies associated with the
distribution
$37,006,952.25500000
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution $0.09027778
Total cash distribution $0.06500000
Excluded amount (applicable to listed
PIEs)
$NIL
Supplementary distribution amount $0.01147059
Section 3: Imputation credits and Resident Withholding Tax
Is the distribution imputed Fully imputed – YES
Partial imputation
No imputation
If fully or partially imputed, please
state imputation rate as % applied
28%
Imputation tax credits per financial
product
$0.02527778
Resident Withholding Tax per
financial product
$0.00451389

Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2.0%

Start date and end date for
determining market price for DRP
26/08/2019 30/08/2019
Date strike price to be announced (if
not available at this time)
02/09/2019
Specify source of financial products
to be issued under DRP programme
(new issue or to be bought on
market)
New issue
DRP strike price per financial product
$1.54446002

Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
26/08/2019, 5:00pm (NZT)
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Michael Drumm
Contact person for this
announcement
Michael Drumm
Contact phone number 09 927 9136
Contact email address michael.drumm@heartland.co.nz
Date of release through MAP

02/09/2019