Seeka updates full year guidance and declares dividend

Distribution Notice




Please note: all cash amounts in this form should be provided to 8 decimal places, including zeros (ie 0.01001000)


Section 1: Issuer information
Name of issuer Seeka Limited
Financial product name/description Ordinary Shares
NZX ticker code SEK
ISIN (If unknown, check on NZX
website)
NZSEKE0001S8
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 20/12/2024
Ex-Date (one business day before the
Record Date)
19/12/2024
Payment date (and allotment date for
DRP)
20/01/2025

Total monies associated with the
distribution
1

$ 4,350,994.10000000
Source of distribution (for example,
retained earnings)
Retained Earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$ 0.13888889
Gross taxable amount
3
$ 0.13888889
Total cash distribution
4
$ 0.10000000
Excluded amount (applicable to listed
PIEs)
$ 0.00000000
Supplementary distribution amount $ 0.01764706
1) Per IRD rules the supplementary dividend will only
be paid to qualifying overseas shareholders who
hold less than 10% of Seeka's total shares on
issue. NRWT will be deducted at the time of the
dividend payment.
2) Per IRD rules an overseas shareholder holding
more than 10% of the issued shares will not be
paid the supplementary dividend and nor will

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.

NRWT be deducted at the time of the dividend
payment.
Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed

Fully imputed


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

28%
Imputation tax credits per financial
product
$0.03888889
Resident Withholding Tax per
financial product
$0.00694444
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2%
Start date and end date for
determining market price for DRP
19/12/2024 14/01/2025
Date strike price to be announced (if
not available at this time)
15/01/2025
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
To be determined by the VWAP of shares traded during
the determination period
Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
23/12/2024
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Nick Reynolds
Contact person for this
announcement
Nick Reynolds
Contact phone number 027 375 9600
Contact email address nick.reynolds@seeka.co.nz
Date of release through MAP

16/10/2024


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

---

16 October 2024
Seeka updates full year guidance and declares dividend
Seeka Limited [NZX:SEK] advises that is has lifted its forecast full year earnings guidance at a profit
before tax level from between $17.0m and $21.0m to between $21.0m and $25.0m. The forecast
range compares to a loss of $21.0m in the 2023 financial year.
The improved forecast reflects enactment of a clear strategy, excellent fruit quality and
performance, efficiencies and margins across the business.
Alongside the second guidance upgrade for the year, the Board of Seeka has declared a dividend of
$0.10 per share.
This dividend of $0.10 per share will be paid on 20 January 2025, with a record date of 20 December
2024. This dividend will be imputed to the maximum available. The Dividend Reinvestment Plan will
apply, with a 2% discount, for shareholders that participate or join the plan before 23 December
2024.
Michael Franks, Seeka Chief Executive, advises that the Company has achieved a good year. The
guidance range indicates record operational earnings for Seeka, and key covenant ratios are well
within their long-term range. While there is a drive to continue reduce debt, the Company
considered a distribution to shareholders appropriate.
The full year dividend is normally paid in April. This year the full year dividend has been varied to
provide a quicker restoration of dividends and provide an earlier return on investment to Seeka’s
shareholders.
Release ends.

For further information please contact:

Michael Franks Seeka Chief Executive Officer +64 21 356516
Nick Reynolds Acting Seeka Chief Financial Officer +64 27 3759600