DRP Strike Price and AUD FX rate for dividend

Dividend Reinvestment Plan Strike Price and AUD FX rate for dividend

22 MARCH 2024 -
NZX advises that the strike price for the dividend reinvestment plan (DRP)
operating in respect of the dividend payable on Thursday 28 March 2024 has been set at
$1.0060 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 14 March 2024 (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 $1.0060.

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 0.9253.

ENDS

For further information, please contact:

Media and Investors – Simon Beattie – 021 702 694

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