HBY
30/09/2014 11:03
DRP
REL: 1103 HRS Hellaby Holdings Limited
DRP: HBY: Hellaby Holdings Ltd - Dividend Reinvestment Plan
Hellaby Holdings Limited - NZX / Media Release 30 September 2014
Dividend Reinvestment Plan - 3 October 2014 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 FY2014 final dividend has been set at $2.85.
Hellaby has confirmed that shareholders holding 27% of issued shares in the
Company have elected to take shares in lieu of cash dividend. Of the total
Hellaby dividend of $9.0 million, approximately $2.5 million will be
apportioned through the issue of new shares and the balance of $6.5 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 $3.0212 weighted average price
of all sales of ordinary shares in Hellaby which took place through the NZX
in the five trading days immediately preceding 24 September 2014, less 9.5
cents (being the fully imputed dividend declared and payable on 3 October
2014), less a 2.5% discount.
Those shareholders who have elected to participate in the Dividend
Reinvestment Plan will have their new shares allocated to them on 3 October
2014.
ENDS
For further information please contact
John Williamson
Chief Executive Officer
T +64 9 307 6844
M +64 21 271 4960
Richard Jolly
Chief Financial Officer
T +64 9 307 6844
M +64 27 497 6710
www.hellabyholdings.co.nz
Hellaby at a glance
Hellaby Holdings is an NZX-listed investment holding company, which owns a
diversified portfolio of 15 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's core purpose is to generate long-term shareholder value by building
better businesses. We achieve this through a combination of performance
improvement and organic growth in the businesses we own, as well as smart
acquisitions and divestments. We describe this strategy simply as 'Buy,
Build, Harvest'.
Our investment portfolio is structured through five divisions - Oil & Gas
Services, Automotive, Equipment, Packaging and Footwear - with 3,000 people
across New Zealand, Australia, Middle East and North America. We have a
variable investment horizon, and our portfolio will evolve as opportunities
arise in target investment areas.
We actively manage our investments through a lean corporate office, and
decentralise leadership and performance accountabilities to our companies.
We seek to generate total shareholder returns superior to the NZX50.
End CA:00255868 For:HBY Type:DRP Time:2014-09-30 11:03:02
