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 September 2020
Dividend Reinvestment Plan Strike Price and AUD FX rate for dividend
NZX advises that the strike price for the dividend reinvestment plan (DRP) operating in respect
of the dividend payable on Friday 18 September 2020 has been set at $1.6257 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 day starting on 3 September 2020 (Ex-
Date), less a discount of 1%.
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 $1.6257.
NZX 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 0.9163.
For further information, please contact:
Media – David Glendining 027 301 9248
Investors – Graham Law 029 494 2223
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.
- FCG — Fonterra Co-operative Group Limited: Notice of Strike Price for Dividend Reinvestment Plan2020-09-30
“1 October 2020 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 2020 final dividend payable on 15 October…”
- FSF — Fonterra Shareholders' Fund: Notice of Strike Price for Dividend Reinvestment Plan2020-09-30
“1 October 2020 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 2020 final dividend payable on 15 October…”
- FCG — Fonterra Co-operative Group Limited: Notice of Strike Price for Distribution Reinvestment Plan2020-09-30
“1 October 2020 NOTICE OF STRIKE PRICE FOR DISTRIBUTION REINVESTMENT PLAN Fonterra Co-operative Group Limited has advised that the strike price for the shares issued under the dividend reinvestment plan (DRP) operating in respect of the 2020 final dividend payable on 15…”