Skip to main Content
Site Search

Advanced Search

Member Login

Member Login

Forgotten your password?

NZX Dividend Reinvestment Plan Strike Price

Date 16/09/2021

NZX advises that the strike price for the dividend reinvestment plan (DRP) operating in respect of the dividend payable on Friday 24 September 2021 has been set at $1.7097 per share.


The strike price has been determined in accordance with the terms of the DRP, as the volume weighted average sale price in New Zealand dollars (expressed in cents and fractions of cents) for an ordinary share calculated on all price setting trades of shares which took place through the NZX Main Board over a period of five business day starting on 9 September 2021 (Ex-Date), less a discount of 1%.

Shareholders who have elected to participate in the DRP reinvest their dividends to receive additional shares, rather than cash.

The number of NZX shares to which DRP participants are entitled is calculated by multiplying the net proceeds from NZX, of cash dividends payable or credited on a participating share, by the number of that DRP participant’s participating shares, and then dividing that number by the issue price of $1.7097.

NZX also advises that the foreign exchange rate to be used for payment of the cash dividend in Australian dollars (where applicable) has been set at 0.9398.