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- Release Date: 09/12/13 19:01
- Summary: DRP: IFT: Interim Dividend Reinvestment Plan Price Set
- Price Sensitive: No
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IFT
09/12/2013 17:01
DRP
REL: 1701 HRS Infratil Limited
DRP: IFT: Interim Dividend Reinvestment Plan Price Set
The share price used to calculate entitlements under the Infratil Dividend
Reinvestment Plan ("DRP"), in respect to the recent interim dividend, has
been set at NZ$2.2947 per share. The share price is the volume weighted
average sale price of Infratil shares sold on the NZX main board in the five
business days immediately following the dividend record date of 2 December
2013, adjusted as outlined below. Shares issued under the DRP will be
allotted on the dividend payment date of 13 December 2013.
In accordance with the paragraph 7(b) of the DRP offer document, the Board
has determined that the buyback of 24.8 million shares transacted on 5
December at $2.38 per share, is an exceptional and unusual circumstance that
has artificially affected the volume weighted average sale price, and has
excluded this transaction from the calculation of the share price used to
calculate entitlements under the DRP.
K M Baker
End CA:00244913 For:IFT Type:DRP Time:2013-12-09 17:01:13
