HGH announces DRP strike price and AUD FX rate for dividend

NZX/ASX Release Heartland announces DRP strike price and AUD FX rate for dividend 5 October 2020 Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises that the strike price for shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 9 October 2020 is $1.24695055 per share. The strike price has been determined in accordance with the DRP as the volume weighted average sale price for a Heartland share calculated on all trades of Heartland shares which took place through the NZX Main Board over the period of 5 trading days immediately following the record date of 25 September 2020, less a 2% discount. Shareholders who have made a valid election to participate in the DRP will receive Heartland shares, instead of cash, for the dividend payable on 9 October 2020. Heartland 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 0.9288. A revised distribution notice in respect of the dividend and the new shares to be issued under the DRP is attached. - Ends - For further information, please contact the person(s) who authorised this announcement: Andrew Dixson Chief Financial Officer M: 021 263 2666 E: Andrew.Dixson@Heartland.co.nz Address: Level 3, Heartland House 35 Teed Street Newmarket, Auckland New Zealand End CA:00360898 For:HGH Type:CORPACT Time:2020-10-05 08:39:25