HBL
30/03/2016 14:29
DRP
NOT PRICE SENSITIVE
REL: 1429 HRS Heartland Bank Limited
DRP: HBL: Heartland Announces Strike Price for DRP
NZX Release
Heartland Announces Strike Price for Dividend Reinvestment Plan
30 March 2016
Heartland Bank Limited (Heartland) (NZX: HBL) advises that the strike price
for shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of
the cash dividend payable on 5 April 2016 is $1.1980 per share.
The strike price has been determined in accordance with the DRP as the volume
weighted average sale price for a Heartland share calculated on all trades of
Heartland shares which took place through the NZX Main Board over the period
of 5 trading days immediately following the record date of 18 March 2016,
less a 1.0% discount.
Shareholders who have made a valid election to participate in the DRP will
receive Heartland shares, instead of cash, in respect of the dividend payable
on 5 April 2016.
A revised Appendix 7 in respect of the dividend and the new shares to be
issued under the DRP is attached.
- Ends -
For further information please contact:
Simon Owen
Chief Finance Officer
Heartland Bank Limited
DDI 09 927 9195
End CA:00280021 For:HBL Type:DRP Time:2016-03-30 14:29:02
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