Seeka announces dividend of 13 cents per share

20 January 2022

Seeka announces dividend of 13 cents per share
Seeka Limited [NZX:SEK] advises that it has declared a Full Year dividend of $0.13 per share in
relation to the financial year ended 31 December 2021.
The dividend will be fully imputed, and the Dividend Reinvestment Plan will apply.
The dividend record date is 28 January 2022 and the dividend will be paid on 23 February 2022.
In early February 2022 Seeka expects to complete the acquisition of New Zealand Fruits Limited by
way of amalgamation which will include consideration of new Seeka shares and cash.
The Full Year dividend is normally paid in April each year. This year the Full Year dividend date has
been varied due to the issue of new shares to be issued ex-div in February.

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 x Quarterly
Half Year Special
DRP applies x
Record date 28/01/2022
Ex-Date (one business day before the
Record Date)
27/01/2022
Payment date (and allotment date for
DRP)
23/02/2022
It is the Company’s policy to pay a Full Year dividend in
April following the end of year balance date. In early
February 2022 Seeka expects to complete the acquisition
of New Zealand Fruits Limited by way of amalgamation
which will include the issue of new Seeka shares and
cash. This year the Full Year dividend in relation to the 31
December 2021 financial year is being paid in February
due to the issue of new shares to be issued ex-div in
February.
Total monies associated with the
distribution
1

$ 5,222,900.80000000
(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
$0.18055556
Gross taxable amount
3
$0.18055556
Total cash distribution
4
$0.13000000
Excluded amount (applicable to listed
PIEs)
$
Supplementary distribution amount $0.02294118
1) Per IRD rules the supplementary dividend will only be
paid to qualifying overseas shareholders who hold

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.

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
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

$0.05055556
Resident Withholding Tax per
financial product
$0.00902778
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2%
Start date and end date for
determining market price for DRP
27/01/2022 17/02/2022
Date strike price to be announced (if
not available at this time)
18/02/2022
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
31/01/2022
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

20/01/2022


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.