Announcement

GENERAL: ENS: Interim Dividend - 2021 05:22pm 
ENS
23/02/2021 17:22
GENERAL
PRICE SENSITIVE
REL: 1722 HRS Enprise Group Limited

GENERAL: ENS: Interim Dividend - 2021

ANNOUNCEMENT TO NZX RE DIVIDEND AND RECORD DATE
23 February 2021

NZX Limited
WELLINGTON

Enprise Group Limited - Declaration of Dividend and Dividend Reinvestment
Plan

The Board of the Company has resolved to declare a dividend of 2.0 cents per
share. No imputation credits are attached to the dividend, ie be tax paid
will be resident or non-resident withholding tax (whichever is applicable).

In conjunction with the declaration of the dividend, the Board has resolved
to apply its dividend reinvestment plan ("DRP").
Under the DRP, eligible shareholders will have the option to reinvest the net
proceeds of the cash dividend payable or credited on all or some of the
shareholders shares by acquiring further shares in the Company ("Additional
Shares").
The record date for determining eligible shareholder entitlement to
Additional Shares under the DRP is 5:00pm on 2 March 2021 ("Record Date").

A shareholder wishing to participate in the DRP may elect to participate in
the DRP by exercising one of the following options:
(a) Full Participation - If a shareholder chooses full participation, the DRP
will apply to the cash dividends payable or credited from time to time less
any withholding tax applicable in respect of all Shares registered in the
participating shareholders name.
(b) Partial Participation - If a shareholder chooses partial participation,
the DRP will only apply to the cash dividends payable or credited less any
withholding tax applicable from time to time in respect of the shareholders
nominated percentage of Shares registered in the shareholders name.
(c) No Participation - If a shareholder does not wish to participate in the
DRP and instead wishes to receive the dividends payable or credited in
respect of their Shares from time to time in cash, the shareholder does not
need to do anything.

The strike price for the DRP will be set during the five business days after
the Record Date using the following formula: SP=PxE

Where:
P is the volume weighted average sale price in New Zealand dollars (expressed
in cents and fractions of cents) for a Share calculated on all trades of
Shares which took place through the NZX Main Board over the period of 5
trading days immediately following the Record Date. If no sales of Shares
occur during those 5 trading days, then the volume weighted average sale
price will be deemed to be the sale price for a Share on the last trade of
Shares which took place prior to such trading days as determined by NZX
Limited. The price "P" may be reasonably adjusted by the Company to allow
for any bonus issue or dividend or other distribution expectation. If, in
the opinion of the Board, any exceptional or unusual circumstances (including
any unusual or irregular trades) have artificially affected the price "P",
the Company may make such adjustment to that price as it considers reasonable

E is 95 per cent.
Documentation in respect of the DRP, including the Participation Notice
required to be completed by those shareholders wishing to participate in the
DRP is available from Link Market Services' online investor centre at
https://investorcentre.linkmarketservices.co.nz/Login.
Applications to participate in the DRP must be received by the Company's
share registry online before 5pm on 3 March 2021.

A Distribution Notice accompanies this announcement in respect of the
proposed dividend.

For further information please contact:
Elliot Cooper
Executive Director
Mobile: 0275 615501
Email: elliotc@enprisegroup.com
End CA:00368057 For:ENS Type:GENERAL Time:2021-02-23 17:22:54

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