DRP Strike Price and AUD FX Rate for 2024 Final Dividend

OFFER

Mon, Mar 24 2025 08:30 am

NZX & ASX RELEASE

24 MARCH 2025

DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE FOR 2024 FINAL DIVIDEND

Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment plan (DRP) operating in respect to the dividend payable on 27 March 2025 has been set at NZ$11.18513200 per share. The strike price is inclusive of a 2% discount.

This strike price will apply in calculating the number of shares to be issued to participants who have elected to receive additional shares rather than cash.

The strike price has been determined in accordance with the terms of the DRP and is calculated as 98% of the volume weighted average sale price on all price-setting trades for the five trading days to 21 March 2025.

The company also advises that the foreign exchange rate used for the payment of the dividend on 27 March 2025 to Australian investors in AUD has been set at 0.90715.

ENDS

For enquiries:
Robyn Heyman
Company Secretary
[email protected]
027 506 5562