Notice of Strike Price for Distribution Reinvestment Plan
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 October
2020 has been set at NZD $3.880 per share and confirmed that it is not aware of any material adverse
information at this time.
This strike price will apply in calculating the number of shares to be issued to participants who have
elected to receive additional shares rather than cash.
The strike price has been determined in accordance with the terms of the DRP and is calculated inclusive
of a 2.5% discount to the average of the individual daily volume weighted average sale prices on all price-
setting trades of units in the Fonterra Shareholders' Fund for the five trading day period from 24
September 2020 to 30 September 2020.
Correspondingly, under the terms of the Fonterra Shareholders’ Fund distribution reinvestment plan,
FSF Management Company Ltd advises that the same strike price of NZD $3.880 per unit has been set
for the units issued under the distribution reinvestment plan operating in respect of the 2020 Annual
distribution payable on 15 October 2020.
-ENDS-
For further information contact:
Simon Till
Director Capital Markets
Phone: +64 21 777 807
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.
- FSF — Fonterra Shareholders' Fund: 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…”
- 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…”
- FSF — Fonterra Shareholders' Fund: Issue of Shares for Dividend Reinvestment Plan2020-10-14
“15 October 2020 ISSUE OF SHARES FOR DIVIDEND REINVESTMENT PLAN Fonterra Co-operative Group Ltd (FCG) has today completed the allotment of co- operative shares to shareholders under the Dividend Reinvestment Plan for the 2020 final dividend. For the purposes of Fonterra Sh…”