Dividend Reinvestment Plan Strike Price
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
17 September 2021
Dividend Reinvestment Plan Strike Price and AUD FX rate for dividend
NZX advises that the strike price for the dividend reinvestment plan (DRP) operating in respect
of the dividend payable on Friday 24 September 2021 has been set at $1.7097 per share.
The strike price has been determined in accordance with the terms of the DRP, as the volume
weighted average sale price in New Zealand dollars (expressed in cents and fractions of cents)
for an ordinary share calculated on all price setting trades of shares which took place through
the NZX Main Board over a period of five business day starting on 9 September 2021 (Ex-
Date), less a discount of 1%.
Shareholders who have elected to participate in the DRP reinvest their dividends to receive
additional shares, rather than cash.
The number of NZX shares to which DRP participants are entitled is calculated by multiplying
the net proceeds from NZX, of cash dividends payable or credited on a participating share, by
the number of that DRP participant’s participating shares, and then dividing that number by the
issue price of $1.7097.
NZX also advises that the foreign exchange rate to be used for payment of the cash dividend in
Australian dollars (where applicable) has been set at 0.9398.
For further information, please contact:
Media – David Glendining 027 301 9248
Investors – Graham Law 029 494 2223
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- MEL — Meridian Energy Limited: Dividend reinvestment plan strike price2021-10-06
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- CEN — Contact Energy Limited: ASX Appendix 3A.1 – Notification of Dividend2021-08-15
“Notification of dividend / distribution Notification of dividend / distribution 5 / 6 Part 4A - +Dividend reinvestment plan (DRP) 4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? 4A.2 Last date and time for lodgemen…”
- SUM — Summerset Group Holdings Limited: ASX Appendix 3A.12021-08-23
“Notification of dividend / distribution Notification of dividend / distribution 4 / 6 banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.). 2B.2 Please provide a description of your c…”