Dividend Reinvestment Plan Strike Price
MARKET RELEASE
Date: 27 March 2024
NZX: GNE / ASX: GNE
Dividend Reinvestment Plan Strike Price
Genesis Energy advises that the issue price for shares issued in lieu of cash for the 2024 Interim
Dividend under its Dividend Reinvestment Plan (DRP) is NZ$2.3450 per share.
The issue price has been determined, in accordance with the DRP, as the volume weighted average
sale price for all Genesis Energy shares sold on the NZX Main Board over a period of five business days
starting on 20 March 2024, less a 2.5% discount.
Shareholders who have elected to participate in the DRP, will receive shares, instead of cash, in respect
of the dividend payable on 10 April 2024.
The new shares will rank pari passu with existing shares on issue as at the date of their issue.
ENDS
For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548
For media enquiries, please contact:
Chris Mirams
GM Communications and Media
M: 027 246 1221
About Genesis
Genesis (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. Genesis sells electricity, reticulated
natural gas and LPG through its retail brands of Genesis and Frank and is one of New Zealand’s largest energy
retailers with more than 470,000 customers. The Company generates electricity from a diverse portfolio of
thermal and renewable generation assets located in different parts of the country. Genesis also has a 46%
interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand.
Genesis had revenue of $NZ2.4 billion during the 12 months ended 30 June 2023. More information can be
found at www.genesisenergy.co.nz
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.
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