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  1. #2071
    percy
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    Sorry I can not confirm it,but I am sure there is no discount.

  2. #2072
    Dilettante
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    Mar 2010
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    There is a 2.5% discount applicable to the DRP, see below from announcement:

    "The Dividend Reinvestment Plan announced on 23 April 2013 (DRP) will be
    available, and a discount of 2.5% will apply (that is, the strike price under
    the DRP will be 97.5% of the volume weighted average sale price of Heartland
    shares over the 5 trading days following the Record Date)(7). Participation
    in the DRP is entirely optional, and shareholders wishing to participate
    should make a participation election in one of the ways specified in the DRP
    offer document. The last date of receipt for a participation election from a
    shareholder who wishes to participate in the DRP is 20 September 2013. "

  3. #2073
    percy
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    Quote Originally Posted by iceman View Post
    There is a 2.5% discount applicable to the DRP, see below from announcement:

    "The Dividend Reinvestment Plan announced on 23 April 2013 (DRP) will be
    available, and a discount of 2.5% will apply (that is, the strike price under
    the DRP will be 97.5% of the volume weighted average sale price of Heartland
    shares over the 5 trading days following the Record Date)(7). Participation
    in the DRP is entirely optional, and shareholders wishing to participate
    should make a participation election in one of the ways specified in the DRP
    offer document. The last date of receipt for a participation election from a
    shareholder who wishes to participate in the DRP is 20 September 2013. "
    Thanks for that Iceman.
    Good value.

  4. #2074
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,115

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    Quote Originally Posted by iceman View Post
    There is a 2.5% discount applicable to the DRP,
    Perfect - Now hopefully ASB appiled for the Drip on my behalf as requested (using a nominee account).
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  5. #2075
    Dilettante
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    Quote Originally Posted by CJ View Post
    Perfect - Now hopefully ASB appiled for the Drip on my behalf as requested (using a nominee account).
    Its really easy to do it on Link Market Services website CJ. I did it there in a couple of minutes after creating a login account with them online.

    http://www.linkmarketservices.co.nz/...-Services.html

  6. #2076
    Guru
    Join Date
    Feb 2005
    Location
    Auckland
    Posts
    3,115

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    Quote Originally Posted by iceman View Post
    Its really easy to do it on Link Market Services website CJ. I did it there in a couple of minutes after creating a login account with them online.

    http://www.linkmarketservices.co.nz/...-Services.html
    Thanks - but because of the nominee account, ownership is in their name so they have to do - otherwise, I would have done myself. eg. any forms that need signing, I complete, then send to them for signing or for IPO etc, I just email them and they complete the form on my behalf since they sign.

    Note: Nominee account is a requirement for margin lending.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  7. #2077
    Dilettante
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    Didn't read your first post carefully enough and missed you saying you had a nominee account. Thanks for the explanation.

  8. #2078
    Dilettante
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    Percy I see Tainui has appointed Craig Stephen as Chief Investment Officer. I wish him well in his new job.

  9. #2079
    percy
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    Quote Originally Posted by iceman View Post
    Percy I see Tainui has appointed Craig Stephen as Chief Investment Officer. I wish him well in his new job.
    I think Tainui have done well.
    Sorry he left HNZ.
    Thanks iceman.Can you make the agm?

  10. #2080
    Dilettante
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    Quote Originally Posted by percy View Post
    I think Tainui have done well.
    Sorry he left HNZ.
    Thanks iceman.Can you make the agm?
    Unfortunately I will be overseas

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