HGH announces DRP strike price and AUD FX rate for dividend

NZX/ASX Release

Heartland announces DRP strike price and AUD FX rate for dividend

5 October 2020

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 9
October 2020 is $1.24695055 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 25
September 2020, 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 9 October 2020.

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 0.9288.

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 the person(s) who authorised this announcement:

Andrew Dixson
Chief Financial Officer
M: 021 263 2666
E: Andrew.Dixson@Heartland.co.nz


Address:
Level 3, Heartland House
35 Teed Street
Newmarket, Auckland
New Zealand

---

Distribution Notice





Please note: all cash amounts in this form should be provided to 8 decimal places

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 25/09/2020
Ex-Date (one business day before the
Record Date)
24/09/2020
Payment date (and allotment date for
DRP)
09/10/2020
Total monies associated with the
distribution
1

$14,524,477.65
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.03472222
Gross taxable amount
3
$0.03472222
Total cash distribution
4
$0.02500000
Excluded amount (applicable to listed
PIEs)
NIL
Supplementary distribution amount $0.00441176
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed Fully imputed - YES
Partial imputation

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.
5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

No imputation
If fully or partially imputed, please
state imputation rate as % applied
6

28%
Imputation tax credits per financial
product
$0.00972222
Resident Withholding Tax per
financial product
$0.00173611
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
28/09/2020 02/10/2020
Date strike price to be announced (if
not available at this time)
05/10/2020
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
$1.24695055

Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
28/09/2020, 5:00pm (NZT)
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Andrew Dixson, Chief Financial Officer
Contact person for this
announcement
Andrew Dixson, Chief Financial Officer
Contact phone number 09 927 9274
Contact email address Andrew.Dixson@heartland.co.nz
Date of release through MAP

17/09/2020





6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.