Tuesday 17th September 2024 |
Text too small? |
Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment plan (DRP) operating in respect to the dividend payable on 20 September 2024 has been set at NZ$11.4848 per share. The strike price is inclusive of a 2% discount.
This strike price will apply in calculating the number of shares to be issued to participants who have elected to receive additional shares rather than cash.
The strike price has been determined in accordance with the terms of the DRP and is calculated as 98% of the volume weighted average sale price on all price-setting trades for the five trading days to 16 September 2024 (inclusive).
The company also advises that the foreign exchange rate used for the payment of the dividend on 20 September 2024 to Australian investors in AUD has been set at 0.9247, being the Reserve Bank of New Zealand Daily Exchange Mid-Rate on the Record Date.
ENDS
No comments yet
KPG - Kiwi Property announces GM Corporate Services
Mainfreight Limited - Trading Conditions Update 2 May 2025
SIML - Change to Executive Team
BAI - Divestment of education group
May 2nd Morning Report
MMH - Marsden Maritime Holdings (MMH) releases Scheme Booklet
CVT - Comvita announces change to Board of Directors
TRU - Published Saudi Arabia Study Confirms TruScreen's Results
May 1st Morning Report
TruScreen Re-enters India Appinting New Distributor