Dividend Reinvestment Plan Strike Price and AUD FX rate
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
Dividend Reinvestment Plan Strike Price and AUD FX rate for dividend
19 March 2021 – NZX advises that the strike price for the dividend reinvestment plan (DRP) operating in
respect of the dividend payable on Friday 26 March 2021 has been set at $1.9395 per share.
The strike price has been determined in accordance with the terms of the DRP, as the volume weighted
average sale price in New Zealand dollars (expressed in cents and fractions of cents) for an ordinary
share calculated on all price setting trades of shares which took place through the NZX Main Board over
a period of five business day starting on 11 March 2021 (Ex-Date), less a discount of 1%.
Shareholders who have elected to participate in the DRP reinvest their dividends to receive additional
shares, rather than cash.
The number of NZX shares to which DRP participants are entitled is calculated by multiplying the net
proceeds from NZX, of cash dividends payable or credited on a participating share, by the number of that
DRP participant’s participating shares, and then dividing that number by the issue price of $1.9395.
NZX 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 0.9271.
For further information, please contact:
Media – David Glendining 027 301 9248
Investors – Graham Law 029 494 2223
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: DRP Strike Price and AUD FX rate for dividend2021-03-10
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- ENS — Enprise Group Limited: Interim Dividend – 20212021-02-23
“ANNOUNCEMENT TO NZX RE DIVIDEND AND RECORD DATE 23 February 2021 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 cents per share. No imputation cre…”
- CNU — Chorus Limited: DRP price and AUD dividend rate2021-03-22
“Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand Ema il: company.secretary@chorus.co.nz STOCK EXCHANGE ANNOUNCEMENT 23 March 2021 DRP price and AUD dividend rate The price at which shares will be allotted under Chorus’ Dividend Reinvestment Pla…”