Ann: ALLOT: HBY: Hellaby Holdings Ltd - Dividend

• Release Date: 16/10/13 14:40
• Summary: ALLOT: HBY: Hellaby Holdings Ltd - Dividend Reinvestment Plan
• Price Sensitive: No
• Download Document  2.71KB

					HBY
16/10/2013 12:40
ALLOT

REL: 1240 HRS Hellaby Holdings Limited

ALLOT: HBY: Hellaby Holdings Ltd - Dividend Reinvestment Plan

HELLABY HOLDINGS LIMITED - NZX / Media Release: 16 October 2013

Dividend Reinvestment Plan - 18 October 2013 Final Dividend

Investment company Hellaby Holdings Limited ("Hellaby") today confirmed that
the "strike price" used to calculate entitlements under its Dividend
Reinvestment Plan for its FY2013 final dividend has been set at $2.69.

Hellaby has confirmed that shareholders holding 48% of issued shares in the
Company have elected to take shares in lieu of cash dividend.  Of the total
Hellaby dividend of $7.5 million, approximately $3.5 million will be
apportioned through the issue of new shares and the balance of $4.0 million
will be paid in cash.

Hellaby confirms that the shares to be allocated pursuant to the Plan will be
from the issuance of new ordinary shares.

The strike price has been calculated in accordance with the formula in the
Offer Document for the Plan and represents the $2.907 weighted average price
of all sales of ordinary shares in Hellaby which took place through the NZX
in the five trading days immediately preceding 9 October 2013, less 8 cents
(being the fully imputed dividend declared and payable on 18 October 2013),
less a 5% discount.

Those shareholders who have elected to participate in the Dividend
Reinvestment Plan will have their new shares allocated to them on 18 October
2013.

ENDS

For further information please contact:

John Williamson
Chief Executive Officer
Hellaby Holdings Limited
Phone: 09 307 6844
Mobile: 021 271 4960

Richard Jolly
Chief Financial Officer
Hellaby Holdings Limited
Phone: 09 307 6844
Mobile: 027 497 6710

About Hellaby Holdings:  www.hellabyholdings.co.nz

Hellaby Holdings ('Hellaby') is an NZX-listed investment holding company,
which owns a diversified portfolio of New Zealand and Australian industrial,
distribution and retail businesses.

Our vision is to be a leading Australasian investor, based on the value we
add to our portfolio, the returns we deliver to our shareholders and the
calibre of our people. Hellaby will generate attractive long-term shareholder
value through a combination of performance improvement and organic growth in
the businesses we own, and through smart acquisitions and divestments. We
describe this strategy simply as 'Buy, Build, Harvest'. We seek to generate
total shareholder returns superior to the NZX50 Gross Index.

We have a variable investment horizon, and our portfolio will evolve over
time. We actively manage our investments through a lean corporate office, and
decentralise leadership and performance accountabilities to our companies.
End CA:00242446 For:HBY    Type:ALLOT      Time:2013-10-16 12:40:12