Announcement
CORPACT: TLL: Strike Price for Dividend Reinvestment Plan
10:08am
TLL
23/09/2019 10:08
CORPACT
NOT PRICE SENSITIVE
REL: 1008 HRS TIL Logistics Group Limited
CORPACT: TLL: Strike Price for Dividend Reinvestment Plan
TIL Logistics Group Limited (NZX: TLL) advises that the price at which shares
will be issued under the TIL Logistics Dividend Reinvestment Plan for the
dividend payable on 27 September 2019 has been set at NZ$1.20 per share.
The issue price was calculated on the basis of the volume weighted average
sale price (rounded to the nearest cent) for all TLL shares sold on the NZX
over the five trading days immediately following the record date of 13
September 2019, less a 3.0% discount.
Shareholders representing 79.6% of shares on issue, who have elected to
participate in the DRP, will receive shares, instead of cash, in respect of
the dividend payable on 27 September 2019.
The new shares will rank pari passu with existing shares on issue as at the
date of their issue.
ENDS
End CA:00341366 For:TLL Type:CORPACT Time:2019-09-23 10:08:07
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