Heartland announces opening of retail entitlement offer

NZX/ASX release 11 April 2024 Heartland announces dispatch of Retail Entitlement Offer Document Heartland Group Holdings Limited (NZX/ASX: HGH) (Heartland) advises that today it will dispatch the entitlement offer document (Offer Document) to Heartland shareholders eligible to participate in the retail component of the NZ$105 million 1 for 6.85 pro-rata accelerated non-renounceable entitlement offer (Retail Entitlement Offer) as announced to the NZX and ASX on 8 April 2024. A copy of the Offer Document was lodged to the NZX and ASX on the same date. The Retail Entitlement Offer opens today and closes at 5.00pm NZST (3.00pm AEST) on Monday 22 April 2024 (unless extended). The Retail Entitlement Offer is available to eligible retail shareholders with an address recorded in Heartland's share register in New Zealand or Australia (or who Heartland considers, in its discretion, may be treated as an eligible retail shareholder) at 7.00pm NZST (5.00pm AEST) on Tuesday 9 April 2024 (Eligible Retail Shareholders). Eligible Retail Shareholders are being invited to subscribe for new shares at an offer price of NZ$1.00 per new share (or the A$ price of A$0.9151 per new share). Ineligible shareholders will receive an email explaining why they will not be able to participate in the Retail Entitlement Offer. If you, as an Eligible Retail Shareholder, do not take up your full entitlement under the Retail Entitlement Offer, then your entitlement will lapse, and you will receive no value for those lapsed entitlements. If you do not take up your entitlement, you will have your percentage holding in Heartland reduced as a result of the Placement and Entitlement Offer. Further information Shareholders who have any questions about the Retail Entitlement Offer are encouraged to read the Offer Document and seek financial, investment or other professional advice from a qualified professional adviser. - ENDS - The person(s) who authorised this announcement: Jeff Greenslade Chief Executive Officer Andrew Dixson Chief Financial Officer For further information, please contact: Nicola Foley Group Head of Communications +64 27 345 6809 nicola.foley@heartland.co.nz Level 3, Heartland House, 35 Teed Street, Newmarket, Auckland, New Zealand Currency Unless otherwise stated, all references to "$" are to the New Zealand dollar. Not an offer of securities in the United States This announcement has been prepared for publication in New Zealand and Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. End CA:00429387 For:HGH Type:OFFER Time:2024-04-11 09:13:15