FY18 Final Dividend DRP Issue Price
Abano Healthcare Group Limited (NZX:ABA) advises that the issue price for shares issued in lieu of the cash 2018 Final Dividend under its Dividend Reinvestment Plan (DRP) is $8.37 per share.
The issue price has been determined, in accordance with the DRP, as the volume weighted average sale price for all Abano shares sold on the NZX over the five trading days immediately following the record date of 9 August 2018, less a 2.5% discount.
Shareholders representing 35.7% 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 20 August 2018.
The new shares will rank pari passu with existing shares on issue as at the date of their issue.