GENERAL: HNZ: Heartland New Zealand Share Purchase Plan Opens
NZX Release
Heartland New Zealand Share Purchase Plan Opens
8 August 2011
Heartland New Zealand Limited ("Heartland") (NZX: HNZ) is pleased to announce
its $35 million fully underwritten Share Purchase Plan ("SPP") opens today.
SPP documentation has been dispatched to all persons who held Heartland
shares at 5pm on 1 August 2011 and had a New Zealand address recorded in the
share register. A copy of the SPP
documentation is attached to this announcement.
The board of Heartland has determined that the pricing under the SPP will be
a discount of 5% to the average end of day market price of Heartland shares
over the 5 day trading period from 19 to 25 August 2011 (but in any case no
higher than 75 cents per share).
Eligible shareholders can each apply for up to $15,000 in value of new
shares. Scaling applies if the SPP is oversubscribed.
Eligible shareholders should complete and return their personalised
application form together with payment so as to be received by Link Market
Services Limited by 5pm on 24 August 2011.
The allotment date of the Heartland shares to be issued under the SPP is
expected to be 31 August 2011.
No brokerage or other transaction costs will be payable by shareholders. A
broker stamping fee of 0.5% of application monies will be payable to NZX
firms by Heartland on all valid applications bearing a broker stamp that are
received and accepted by the SPP closing date.
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