HGH announces DRP strike price and AUD FX rate for dividend

Heartland Group Holdings Limited | NZX/ASX: HGH | PO Box 9919, Newmarket, Auckland 1149 | heartlandgroup.info


NZX/ASX release
14 September 2023

Heartland announces DRP strike price and AUD FX rate for
dividend

Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises the strike price for shares to be
issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 20 September
2023 is $1.68653026 per share.

The strike price has been determined in accordance with the DRP as the volume weighted average sale
price for a Heartland share calculated on all trades of Heartland shares which took place through the
NZX Main Board over the period of 5 trading days immediately following the record date of 6 September
2023, less a 2% discount.

Shareholders who have made a valid election to participate in the DRP will receive Heartland shares,
instead of cash, for the dividend payable on 20 September 2023.

Heartland also advises that the foreign exchange (FX) rate to be used for payment of the cash dividend
in Australian dollars (where applicable) has been set at 0.9217.

A revised distribution notice in respect of the dividend and the new shares to be issued under the DRP is
attached.

– ENDS –

The person who authorised this announcement:

Andrew Dixson
Chief Financial Officer

For further information and media enquiries, please contact:

Nicola Foley
Group Head of Communications
+64 27 345 6809
nicola.foley@heartland.co.nz
Level 3, Heartland House, 35 Teed Street, Newmarket, Auckland, New Zealand

---

Distribution Notice

Updated as at June 2023




Section 1: Issuer information
Name of issuer Heartland Group Holdings Limited
Financial product name/description Ordinary shares
NZX ticker code HGH
ISIN (If unknown, check on NZX
website)
NZHGHE0007S9
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 06/09/2023
Ex-Date (one business day before the
Record Date)
05/09/2023
Payment date (and allotment date for
DRP)
20/09/2023
Total monies associated with the
distribution
1

$42,579,492.00
Source of distribution (for example,
retained earnings)
Retained earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.08333333
Gross taxable amount
3
$0.08333333
Total cash distribution
4
$0.06000000
Excluded amount (applicable to listed
PIEs)
NIL
Supplementary distribution amount $0.01058824
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed

Fully imputed – YES
Partial imputation
No imputation

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.
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.

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

28%
Imputation tax credits per financial
product
$0.02333333
Resident Withholding Tax per
financial product
$0.00416667
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2.0%
Start date and end date for
determining market price for DRP
07/09/2023 13/09/2023
Date strike price to be announced (if
not available at this time)
14/09/2023
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
$1.68653026
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
07/09/2023
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Andrew Dixson, Chief Financial Officer
Contact person for this
announcement
Nicola Foley, Group Head of Communications
Contact phone number +64 27 3456 809
Contact email address nicola.foley@heartland.co.nz
Date of release through MAP

14/09/2023






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