Sharechat Logo

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

Wednesday 17th March 2021

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 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



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Tower Limited (NZX: TWR) Updates Guidance
South Port New Zealand Limited (NZX: SPN) 2021 Annual Report
22nd September 2021 Morning Report
Kathmandu Holdings Limited (NZX: KMD) FY21 Annual Results Announcement
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Update on Demerger and Office Fund
21st September 2021 Morning Report
Kiwi Property Group Limited (NZX: KPG) Gives Green Light to Build-to-Rent
20th September 2021 Morning Report
General Capital Limited (NZX: GEN) Equifax Affirms General Finance BB- Rating
17th September 2021 Morning Report