SUMMERSET GROUP HOLDINGS LIMITED Level 27, Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319Website: www.summerset.co.nz
NZX AND ASX RELEASE 6 SEPTEMBER 2017 DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE FOR 2017 INTERIM DIVIDENDSummerset Group Holdings Limited advises that the strike price for the dividend reinvestment plan (DRP) operating in respect to the dividend payable on 11 September 2017 has been set at NZ$4.9968 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 Plan and is calculated as 98% of the volume weighted average sale price on all price-setting trades for the five trading days to 5 September 2017.
The company also advises that the foreign exchange rate used for the payment of the dividend on 11 September 2017 to Australian investors in AUD has been set at 0.9139.
ENDS For enquiries: Leanne Walker Company Secretaryleanne.walker@summerset.co.nz 04 894 7361 or 029 770 8189
Summerset Group Holdings Limited published this content on 06 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 September 2017 21:47:01 UTC.
Original documenthttp://www.summerset.co.nz/assets/Investor-Centre/NZX-2017/2017-06-09-DRP-strike-price-and-AUD-FX-Rate-for-2017-Interim-Dividend.pdf
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