Dividend Reinvestment Plan Strike Price and AUD FX rate
Dividend Reinvestment Plan Strike Price and AUD FX rate
9 MARCH 2023 -
NZX advises the strike price for the dividend reinvestment plan (DRP) operating in
respect of the dividend payable on Thursday 16 March 2023 has been set at $1.2006 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 1 March 2023 (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 $1.2006.
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 0.9261.
ENDS
For further information, please contact:
Media and Investors – Simon Beattie – 021 702 694
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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.
- FRW — Freightways Group Limited: Dividend reinvestment plan strike price2023-03-20
“NZX Announcement 20 March 2023 Dividend reinvestment plan strike price Freightways Group Limited advises that the price at which shares will be issued for the 2023 Interim Ordinary Dividend under the Company’s Dividend Reinvestment Plan (DRP) is NZ$9.3440 per share. The is…”
- MCY — Mercury NZ Limited: Dividend Reinvestment Plan strike price2023-03-27
“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…”
- MEL — Meridian Energy Limited: Dividend reinvestment plan strike price2023-03-13
“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 287-2 9 3 D u r h a m S t r e e t N o r t h , C h r i s t c h u r c h 8 0 1 3 m e r i…”