Heartland announces opening of retail entitlement offer

Heartland Group Holdings Limited | NZX/ASX: HGH | PO Box 9919, Newmarket, Auckland 1149 | heartlandgroup.info
NZX/ASX release
11 April 2024

Heartland announces dispatch of Retail Entitlement Offer
Document

Heartland Group Holdings Limited (NZX/ASX: HGH) (Heartland) advises that today it will dispatch the
entitlement offer document (Offer Document) to Heartland shareholders eligible to participate in
the retail component of the NZ$105 million 1 for 6.85 pro-rata accelerated non-renounceable
entitlement offer (Retail Entitlement Offer) as announced to the NZX and ASX on 8 April 2024. A
copy of the Offer Document was lodged to the NZX and ASX on the same date.

The Retail Entitlement Offer opens today and closes at 5.00pm NZST (3.00pm AEST) on Monday 22
April 2024 (unless extended).

The Retail Entitlement Offer is available to eligible retail shareholders with an address recorded in
Heartland’s share register in New Zealand or Australia (or who Heartland considers, in its discretion,
may be treated as an eligible retail shareholder) at 7.00pm NZST (5.00pm AEST) on Tuesday 9 April
2024 (Eligible Retail Shareholders). Eligible Retail Shareholders are being invited to subscribe for
new shares at an offer price of NZ$1.00 per new share (or the A$ price of A$0.9151 per new share).
Ineligible shareholders will receive an email explaining why they will not be able to participate in the
Retail Entitlement Offer.

If you, as an Eligible Retail Shareholder, do not take up your full entitlement under the Retail
Entitlement Offer, then your entitlement will lapse, and you will receive no value for those lapsed
entitlements. If you do not take up your entitlement, you will have your percentage holding in
Heartland reduced as a result of the Placement and Entitlement Offer.

Further information
Shareholders who have any questions about the Retail Entitlement Offer are encouraged to read the
Offer Document and seek financial, investment or other professional advice from a qualified
professional adviser.

– ENDS –

The person(s) who authorised this announcement:

Jeff Greenslade
Chief Executive Officer

Andrew Dixson
Chief Financial Officer

For further information, 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

Heartland Group Holdings Limited | NZX/ASX: HGH | PO Box 9919, Newmarket, Auckland 1149 | heartlandgroup.info
2
Currency
Unless otherwise stated, all references to “$” are to the New Zealand dollar.

Not an offer of securities in the United States
This announcement has been prepared for publication in New Zealand and Australia and may not be
released to US wire services or distributed in the United States. This announcement does not
constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any
other jurisdiction. Any securities described in this announcement have not been, and will not be,
registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction
of the United States and may not be offered or sold in the United States except in transactions
exempt from, or not subject to, the registration requirements of the US Securities Act and applicable
US state securities laws.