Announcement
GENERAL: FCG: Notice of Strike Price for Dividend Reinvestment Plan
09:34am
FCG
01/10/2020 09:34
GENERAL
NOT PRICE SENSITIVE
REL: 0934 HRS Fonterra Co-operative Group Limited
GENERAL: FCG: Notice of Strike Price for Dividend Reinvestment Plan
1 October 2020
Notice of Strike Price for Dividend Reinvestment Plan
Fonterra Co-operative Group Limited advises that the strike price for the
shares issued under the dividend reinvestment plan (DRP) operating in respect
of the 2020 final dividend payable on 15 October 2020 has been set at NZD
$3.880 per share and confirms that it is not aware of any material adverse
information at this time.
This strike price will apply in calculating the number of shares to be issued
to participants who have elected to receive additional shares rather than
cash.
The strike price has been determined in accordance with the terms of the DRP
and is calculated inclusive of a 2.5% discount to the average of the
individual daily volume weighted average sale prices on all price-setting
trades of units in the Fonterra Shareholders' Fund for the five trading day
period from 24 September 2020 to 30 September 2020.
Correspondingly, under the terms of the Fonterra Shareholders' Fund
distribution reinvestment plan, FSF Management Company Ltd advises that the
same strike price of NZD $3.880 per unit has been set for the units issued
under the distribution reinvestment plan operating in respect of the 2020
final distribution payable on 15 October 2020.
-ENDS-
For further information contact:
Simon Till
Director Capital Markets
Phone: +64 21 777 807
End CA:00360737 For:FCG Type:GENERAL Time:2020-10-01 09:34:34
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