DRP Strike Price and AUD FX Rate for 2022 Interim Dividend
Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz
NZX & ASX RELEASE
14 September 2022
DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE
FOR 2022 INTERIM DIVIDEND
Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment
plan (DRP) operating in respect to the dividend payable on 19 September 2022 has been set
at NZ$10.7620 per share. The strike price is inclusive of a 2% discount.
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 as 98% of the volume weighted average sale price on all price-setting trades for
the five trading days to 13 September 2022.
The company also advises that the foreign exchange rate used for the payment of the dividend
on 19 September 2022 to Australian investors in AUD has been set at 0.8972.
ENDS
For enquiries:
Robyn Heyman
Company Secretary
Robyn.Heyman@summerset.co.nz
027 506 5562
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.
- NZX — NZX Limited: Dividend Reinvestment Plan Strike Price2022-09-18
“Dividend Reinvestment Plan Strike Price and AUD FX rate for dividend 19 SEPTEMBER 2022 - NZX advises that the strike price for the dividend reinvestment plan (DRP) operating in respect of the dividend payable on Friday 23 September 2022 has been set at $1.2133 per share.…”
- MEL — Meridian Energy Limited: Dividend reinvestment plan strike price2022-09-13
“Release M e r i d i a n E n e r g y L i m i t e d ( A R B N 1 5 1 8 0 0 3 9 6 ) A c o m p a n y i n c o r p o r a t e d i n N e w Z e a l a n d L e v e l 2 , 5 5 L a d y E l i z a b e t h L a n e , P O B o x 1 0 8 4 0 , W e…”
- MCY — Mercury NZ Limited: Mercury NZD/AUD FX rate for final dividend2022-09-21
“Notification of dividend / distribution Notification of dividend / distribution 6 / 6 4A.5 DRP price calculation methodology The price is calculated as the average of the daily volume weighted average sale price for a share (expressed in cents and fractions of a cent) calculated…”