2020 Final Dividend Reinvestment Plan Strike Price
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.
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