Heartland Group will dispatch the retail entitlement offer document to eligible shareholders today.

The offer, which was announced on April 8, allows eligible retail shareholders to subscribe for new shares at an offer price of $1 per share.

The retail entitlement offer is part of Heartland's $105 million pro-rata accelerated non-renounceable entitlement offer.

It is open to shareholders in New Zealand or Australia and will close on April 22.

Ineligible shareholders will receive an explanation via email.

Shareholders were advised to read the offer document and seek professional advice if needed.

Heartland Group is listed on the NZX and ASX.

See more