SUMMERSET GROUP HOLDINGS LIMITED Notification of dividend / distribution
Update Summary
For personal use only
Entity name
SUMMERSET GROUP HOLDINGS LIMITED
Security on which the Distribution will be paid
SNZ - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
Update to previous announcement
Date of this announcement
18/3/2022
Reason for the Update
Strike price for DRP and foreign exchange rate added.
Refer to below for full details of the announcement
Notification of dividend / distribution | 1 / 6 |
Notification of dividend / distribution
Announcement Details
only | ||||
Part 1 - Entity and announcement details | ||||
1.1 Name of +Entity | ||||
SUMMERSET GROUP HOLDINGS LIMITED | ||||
1.2 Registered Number Type | Registration Number | |||
use | ARBN | |||
164228399 | ||||
1.3 ASX issuer code | ||||
SNZ | ||||
1.4 The announcement is | ||||
Update/amendment to previous announcement | ||||
personal | 1.4a Reason for update to a previous announcement | |||
Strike price for DRP and foreign exchange rate added. | ||||
1.4b Date of previous announcement(s) to this update | ||||
24/2/2022 | ||||
1.5 Date of this announcement | ||||
18/3/2022 | ||||
1.6 ASX +Security Code | ||||
SNZ | ||||
ASX +Security Description | ||||
For | ORDINARY FULLY PAID FOREIGN EXEMPT NZX | |||
Pa t 2A - All dividends/distributions basic details | ||||
2A.1 Type of dividend/distribution Ordinary
2A.2 The Dividend/distribution: relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
31/12/2021
Notification of dividend / distribution | 2 / 6 |
personal use only
Notification of dividend / distribution
2A.4 +Record Date
10/3/2022
2A.5 Ex Date
9/3/2022
2A.6 Payment Date
23/3/2022
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
NZD 0.08600000
2A.9a AUD equivalent to total dividend/distribution amount per +security
AUD 0.08036700
2A.9b If AUD equivalent not known, date for information | Estimated or Actual? |
to be released | Actual |
18/3/2022 | |
2A.9c FX rate (in format AUD 1.00 / primary currency | FX rate (in format AUD rate/primary currency rate) |
rate): AUD | Primary Currency rate |
AUD 1.00 | NZD 1.07009096 |
For
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? Yes
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment Plan (DRP)
2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?
Yes
2A.12 Does the +entity have tax component information apart from franking?
No
2A.11a(i) DRP Status in respect of this dividend/distribution
Full DRP
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Notification of dividend / distribution
2A.13 Withholding tax rate applicable to the dividend/distribution (%)
15.000000 %
Part 2B - Currency Information | ||||||
only | 2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the | |||||
banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand | ||||||
and/or USD to residents of the U.S.A.). | ||||||
Yes | ||||||
2B.2 Please provide a description of your currency arrangements | ||||||
Based on shareholder's residence and/or election made by the shareholder. | ||||||
use | 2B.2a Other currency/currencies in which the dividend/distribution will be paid: | |||||
Currency | Payment currency equivalent amount per security | |||||
AUD - Australian Dollar | AUD 0.08036700 | |||||
2B.2b Please provide the exchange rates used for non-primary currency payments | ||||||
personal | ||||||
Reserve Bank of New Zealand Daily Exchange Mid-Rate on 10 March 2022, being the day prior to the commencement of | ||||||
the pricing period for the DRP strike price | ||||||
2B.2c If payment currency equivalent and exchange | Estimated or Actual? | |||||
rates not known, date for information to be released | Actual | |||||
18/3/2022 | ||||||
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the | ||||||
default arrangements? | ||||||
No | ||||||
Part 3A - Ordinary dividend/distribution | ||||||
For | 3A.1 Is the ordinary dividend/distribution estimated at | 3A.1a Ordinary dividend/distribution estimated amount | ||||
this time? | per +security | |||||
No | NZD | |||||
3A.1b Ordinary Dividend/distribution amount per | ||||||
security | ||||||
NZD 0.08600000 | ||||||
3A.2 Is the ordinary dividend/distribution franked? | ||||||
No | ||||||
3A.3 Percentage of ordinary dividend/distribution that is | ||||||
franked | ||||||
0.0000 % | ||||||
Notification of dividend / distribution | 4 / 6 |
Notification of dividend / distribution
3A.4 Ordinary dividend/distribution franked amount per +security
NZD 0.00000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
3A.5 Percentage amount of dividend which is unfranked
100.0000 %
only | NZD 0.08600000 | |
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution | ||
use | 3F.1 Is a supplementary dividend/distribution payable? | |
No | ||
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of election notices to share registry under DRP
Friday March 11, 2022 15:30:00
4A.4 Period of calculation of reinvestment price
Start Date
4A.3 DRP discount rate
2.0000 %
End Date
For personal
11/3/2022 | 17/3/2022 |
4A.5 DRP price calculation methodology
As per clause 7 of the DRP Offer Document dated 22 February 2021
4A.6 | DRP Price (including any discount): | 4A.7 DRP +securities +issue date |
NZD 11.19720 | 23/3/2022 | |
4A.8 | Will DRP +securities be a new issue? | 4A.8a Do DRP +securities rank pari passu from +issue |
Yes | date? | |
Yes |
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No
Notification of dividend / distribution | 5 / 6 |
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Summerset Group Holdings Limited published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 22:50:01 UTC.
