Seeka Announces 12 cent Special Dividend

16 December 2020

Seeka declares dividend

Seeka Limited [NZX:SEK] advises the announcement of a special $0.12 per share dividend. The
dividend will be paid on 27 January 2021 to all holders of ordinary shares in the Company recorded
in the Company’s share register at the close of business on the record date of 24 December 2020
and that the Company’s Dividend Reinvestment Plan will apply in respect of the Special Dividend.

Seeka considers a special dividend appropriate given the stronger than expected earnings in the
current financial year, a reflection of tight financial management and the settled sale and lease back
of part of the Australian kiwifruit orchard portfolio. Seeka received no Government wage subsidy
and expects to end the year with much lower debt in accordance with prior guidance.

Release ends.

For further information please contact:
Michael Franks Seeka Chief Executive 021356516
Stuart McKinstry Seeka Chief Financial Officer 0212215583

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Distribution Notice




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

Section 1: Issuer information
Name of issuer Seeka Limited
Financial product name/description Ordinary Shares
NZX ticker code SEK
ISIN (If unknown, check on NZX
website)
NZSEKE0001S8
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year Quarterly
Half Year Special x
DRP applies x
Record date 24/12//2020
Ex-Date (one business day before the
Record Date)
23/12/2020
Payment date (and allotment date for
DRP)
27/01/2021
Total monies associated with the
distribution
1

$ 3,864,484.68
(based on the number of ordinary shares on issue at the
date of this distribution notice)
Source of distribution (for example,
retained earnings)
Retained Earnings
Currency NZD
Section 2: Distribution amounts per financial product
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.16666667
Gross taxable amount
3
$0.16666667
Total cash distribution
4
$0.12
Excluded amount (applicable to listed
PIEs)
$
Supplementary distribution amount $0.02117647

1) Per IRD rules the supplementary dividend will only be
paid to qualifying overseas shareholders who hold
less than 10% of Seeka's total shares on issue.
NRWT will be deducted at the time of the dividend
payment.
2) Per IRD rules an overseas shareholder holding more
than 10% of the issued shares will not be paid the

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.

supplementary dividend and nor will NRWT be
deducted at the time of the dividend payment.
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed Fully imputed


If fully or partially imputed, please
state imputation rate as % applied
6

28%
Imputation tax credits per financial
product

$0.04666667
Resident Withholding Tax per
financial product
$0.00833333
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2%
Start date and end date for
determining market price for DRP
23/12/2020 18/01/2021
Date strike price to be announced (if
not available at this time)
19/01/2021
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
To be determined by the VWAP of shares traded during
the determination period
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
29/12/2020
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Stuart McKinstry
Contact person for this
announcement
Stuart McKinstry
Contact phone number 021-221-5583
Contact email address stuartm@seeka.co.nz
Date of release through MAP

16/12/2020
Note: Seeka considers a special dividend appropriate given the stronger than expected earnings in the
current financial year, a reflection of tight financial management and the settled sale and lease back of
part of the Australian kiwifruit orchard portfolio. Seeka received no Government wage subsidy and
expects to end the year with much lower debt in accordance with prior guidance.


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