Genesis Energy Limited logo

2020 Final Dividend Reinvestment Plan Strike Price

Dividend17 September 2020GNEUtilities

MARKET RELEASE
Date: 17 September 2020

NZX: GNE / ASX: GNE

Genesis Announces DRP Strike Price


Genesis Energy Limited (NZX: GNE) advises that the issue price for shares issued in lieu of cash for the

2020 Final Dividend under its Dividend Reinvestment Plan (DRP) is NZ$2.7994 per share.


The issue price has been determined, in accordance with the DRP, as the volume weighted average

sale price for all Genesis Energy shares sold on the NZX Main Board over a period of five business days

starting on 10 September 2020, less a 2.5% discount.


Shareholders who have elected to participate in the DRP, noting that cut-off for election was 14

September 2020, will receive shares, instead of cash, in respect of the dividend payable on 25

September 2020.


The new shares will rank pari passu with existing shares on issue as at the date of their issue.



ENDS


For media enquiries, please contact:

Allan Swann

Communications Manager

M: 027 211 4874

For investor relations enquiries, please contact:

Tim McSweeney

Investor Relations Manager

M: 027 200 5548


About Genesis Energy

Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity,

reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online and is New

Zealand’s largest energy retailer with approximately 500,000 customers. The Company generates electricity

from a diverse portfolio of thermal and renewable generation assets located in different parts of the country.

Genesis also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of

Taranaki, New Zealand. Genesis had revenue of $NZ2.6 billion during the 12 months ended 30 June 2020. More

information can be found at www.genesisenergy.co.nz

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.

  • ENS — Enprise Group Limited: 2020 Final Dividend
    2020-09-15

    ANNOUNCEMENT TO NZX RE DIVIDEND AND RECORD DATE 16 September 2020 BY EMAIL: announce@nzx.com NZX Limited WELLINGTON Enprise Group Limited - Declaration of Dividend and Dividend Reinvestment Plan The Board of the Company has resolved to declare a dividend of 2.0 cent…”

  • NZX — NZX Limited: Dividend Reinvestment Plan Strike Price
    2020-09-14

    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 rei…”

  • MEL — Meridian Energy Limited: Meridian Energy Limited 2020 Full Year Financial Results
    2020-08-25

    Distribution Notice Section 1: Issuer information Name of issuer Meridian Energy Limited Financial product name/description Ordinary Shares NZX ticker code MEL ISIN (If unknown, check on NZX website) NZMELE0002S7 Type of distribution (Please mark with an X in…”