Summerset Group Holdings Limited (NZX: SUM) DRP Strike Price and AUD FX Rate for 2020 Final Dividend

Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment plan (DRP) operating in respect to the dividend payable on 22 March 2021 has been set at NZ$12.6798 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 March 2021.

The company also advises that the foreign exchange rate used for the payment of the dividend on 22 March 2021 to Australian investors in AUD has been set at 0.9314.

Please see the link below for details:

DRP Strike Price and AUD FX Rate for 2020 Final Dividend

Source Summerset Group Holdings Limited

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