FCG
15/04/2015 08:35
DRP
NOT PRICE SENSITIVE
REL: 0835 HRS Fonterra Co-operative Group Limited
DRP: FCG: Notice of Strike Price for Distribution Reinvestment Plan
Fonterra Co-operative Group Limited has advised that the strike price for the
shares issued under the dividend reinvestment plan (DRP) operating in respect
of the 2015 interim dividend payable on 20 April 2015 has been set at NZD
$5.263 per share and confirmed that it is aware of no material adverse
information at this time.
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 inclusive of a 2.5% discount to the average of the
individual daily volume weighted average sale prices on all price-setting
trades of units in the Fonterra Shareholders' Fund for the five trading day
period from 8 April 2015 to 14 April 2015.
Correspondingly, under the terms of the Fonterra Shareholders' Fund
distribution reinvestment plan, FSF Management Company Ltd advises that the
same strike price of NZD $5.263 per unit has been set for the units issued
under the distribution reinvestment plan operating in respect of the 2015
interim distribution payable on 20 April 2015.
-ENDS-
Mike Cronin
Company Secretary - Fonterra Shareholders' Fund
[email protected]
Phone +64 9 374 9000
Private Bag 92032, Auckland, 1142 New Zealand; Fonterra Centre, 9 Princes
Street, Auckland, 1010 New Zealand
www.fonterra.com
End CA:00263106 For:FCG Type:DRP Time:2015-04-15 08:35:40
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
