Dividend Reinvestment Plan Introduced

As announced on 24 November 2022, Stride Property Group (Stride), comprising Stride Investment Management Limited (SIML) and Stride Property Limited (SPL), has adopted a dividend reinvestment plan, which takes effect from today, 5 December 2022.

Information on the plan, including a copy of the offer document and information on how to apply, is being sent to shareholders today.

Stride invites all eligible shareholders to participate in the plan, should they choose to do so. Participation in the plan is entirely optional for eligible shareholders. Shareholders may elect to participate in the plan in respect of all or part of their stapled securities. If shareholders wish to continue to receive dividends in cash, they do not need to do anything.

The plan is only available to eligible shareholders, being shareholders with a registered address in New Zealand, Australia or the United Kingdom (as at the record date for a particular dividend).

Stride’s Chair, Tim Storey commented: “The plan provides eligible shareholders with an opportunity to invest the net proceeds of the cash dividends payable on their shares in additional fully paid ordinary shares in each of SPL and SIML, conveniently increasing their shareholding in Stride without incurring brokerage fees.”

Ends

Attachments provided to NZX:
• Stride Property Group – Letter to Shareholders - 051222
• Stride Property Group – Dividend Reinvestment Plan Offer Document– 051222
• Stride Property Group – Dividend Reinvestment Plan Participation Form– 051222

For further information please contact:

Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 - Email: [email protected]

Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
Mobile: 021 230 3026 - Email: [email protected]

Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 - Email: [email protected]

Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
Mobile: 0275 580 033 - Email: [email protected]

A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG.

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Announcement PDF