Seeka Announces Dividend and Updates Dividend Policy

Distribution Notice




Please note: all cash amounts in this form should be provided to 8 decimal places, including zeros (ie 0.01001000)

Section 1: Issuer information
Name of issuer Seeka Limited
Financial product name/description Ordinary Shares
NZX ticker code SEK
ISIN (If unknown, check on NZX
website)
NZSEKE0001S8
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year x Quarterly
Half Year Special
DRP applies x
Record date 20/03/2025
Ex-Date (one business day before the
Record Date)
19/03/2025
Payment date (and allotment date for
DRP)
15/04/2025
Total monies associated with the
distribution
1

$ 2,184,513.50000000
Source of distribution (for example,
retained earnings)
Retained Earnings
Currency NZD
Section 2: Distribution amounts per financial product
Gross distribution
2
$ 0.06944444
Gross taxable amount
3
$ 0.06944444
Total cash distribution
4
$ 0.05000000
Excluded amount (applicable to listed
PIEs)
$ 0.00000000
Supplementary distribution amount $ 0.00882353
1) Per IRD rules the supplementary dividend will only
be paid to qualifying overseas shareholders who
hold less than 10% of Seeka's total shares on
issue. NRWT will be deducted at the time of the
dividend payment.
2) Per IRD rules an overseas shareholder holding
more than 10% of the issued shares will not be
paid the supplementary dividend and nor will
NRWT be deducted at the time of the dividend
payment.

1
Continuous issuers should indicate that this is based on the number of units on issue at the date of the form
2
“Gross distribution” is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of
Resident Withholding Tax (RWT).
3
“Gross taxable amount” is the gross distribution minus any excluded income.
4
“Total cash distribution” is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT.
This should include any excluded amounts, where applicable to listed PIEs.

Section 3: Imputation credits and Resident Withholding Tax
5

Is the distribution imputed

Fully imputed


If fully or partially imputed, please
state imputation rate as % applied
6

28%
Imputation tax credits per financial
product
$ 0.01944444
Resident Withholding Tax per
financial product
$ 0.00347222
Section 4: Distribution re-investment plan (if applicable)
DRP % discount (if any)
2%
Start date and end date for
determining market price for DRP
19/03/2025 08/04/2025
Date strike price to be announced (if
not available at this time)
09/04/2025
Specify source of financial products to
be issued under DRP programme
(new issue or to be bought on market)
New Issue
DRP strike price per financial product
To be determined by the VWAP of shares traded during
the determination period

Last date to submit a participation
notice for this distribution in
accordance with DRP participation
terms
21/03/2025
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
Nicola Neilson
Contact person for this
announcement
Nicola Neilson
Contact phone number +64 21 841 606
Contact email address nicola.neilson@seeka.co.nz
Date of release through MAP

26/02/2025






5
The imputation credits plus the RWT amount is 33% of the gross taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.



6
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.

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Last revised February 2025


Seeka Limited
DIVIDEND POLICY

Copyright © 2025 Seeka Limited
2

Seeka’s policy is to pay dividends when the Board considers appropriate.

In considering whether to pay a dividend, and the quantum of a dividend, the Board will consider
the items as appropriate to the year including:

- The earnings of the Company,
- The debt position, cashflow, working capital requirements, capital expenditure profile
and solvency of the Company, and
- The trading outlook of the Company.

If the Board determines a dividend to be appropriate, it would normally be in the range of 50% to
75% of underlying net profit after tax attributable to shareholders (and excluding unrealised gains
and losses arising from a revaluation of property or treasury instruments and any extraordinary or
abnormal items and other one-off items).

In such circumstances dividends would normally be paid in October (interim) and April (final), but
the Board may vary these dates.

Seeka’s policy on imputation is to fully impute both the interim and final dividend with New Zealand
tax credits each year (or to the maximum extent possible).

Seeka can give no assurance about the level of dividends, if any, or the level of tax credits
attached to dividends.

The Directors reserve the right to amend the dividend policy at any time.



Review of the Policy

This Policy will be reviewed biennially by the Board.

Adopted: August 2017
Last revised: February 2025
Next review due: December 2026

Copyright © 2025 Seeka Limited
3

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26 February 2025
Seeka Announces Dividend and Updates Dividend Policy
Seeka Ltd [NZX:SEK] has today declared a fully imputed dividend of 5 cents per share to be paid on
15 April 2025, with a record date of 20 March 2025. Seeka has also updated its Dividend Policy.
The company advises that the dividend reinvestment plan (DRP) will apply to this dividend and the
strike price for conversion of cash dividends into shares under the DRP will be determined based on
the VWAP share price over 15 business days from and including the ex-date. A 2% discount will be
applied to the VWAP.
Seeka will announce its audited financial results for the year ended 31 December 2024 tomorrow,
followed by an analyst briefing presentation to be held by Zoom at 10am on Monday 3
rd
March
2025.
There is no need to pre-register for the webinar, you can join by clicking this link, and questions can
be asked by clicking on the “Q&A” button on the bottom of the screen.
The Distribution Notice and the updated Dividend Policy is attached.

Release ends:
For further information please contact:

Michael Franks Seeka Chief Executive Officer +64 21 356 516
Nicola Neilson Seeka Chief Financial Officer +64 21 841 606