Ann: DRP: FCG: Notice of Strike Price for Dividend Reinvestment Plan

• Release Date: 15/04/15 08:32
• Summary: DRP: FCG: Notice of Strike Price for Dividend Reinvestment Plan
• Price Sensitive: No
• Download Document  1.5KB

					FCG
15/04/2015 08:32
DRP
NOT PRICE SENSITIVE
REL: 0832 HRS Fonterra Co-operative Group Limited

DRP: FCG: Notice of Strike Price for Dividend Reinvestment Plan

Fonterra Co-operative Group Limited advises 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 confirms 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.

Mike Cronin
Group Director, Governance & Legal
-ENDS-

For further information contact:
Abhy Maharaj
Director Equity Markets
Phone: +64 21 879 458
End CA:00263104 For:FCG    Type:DRP        Time:2015-04-15 08:32:16