SUM
02/09/2015 16:46
DRP
NOT PRICE SENSITIVE
REL: 1646 HRS Summerset Group Holdings Limited
DRP: SUM: DRP Strike Price and AUD FX Rate for 2015 Interim Dividend
NZX AND ASX RELEASE
2 SEPTEMBER 2015
DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE FOR 2015 INTERIM
DIVIDEND
Summerset Group Holdings Limited advises that the strike price for the
dividend reinvestment plan (DRP) operating in respect to the dividend payable
on 7 September 2015 has been set at NZ$3.7533 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 1 September 2015.
The company also advises that the foreign exchange rate used for the payment
of the dividend on 7 September 2015 to Australian investors in AUD has been
set at 0.9035.
ENDS
For enquiries:
Leanne Walker
Company Secretary
[email protected]
04 894 7361 or 029 770 8189
End CA:00269546 For:SUM Type:DRP Time:2015-09-02 16:46:14
