Sorry I can not confirm it,but I am sure there is no discount.
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Sorry I can not confirm it,but I am sure there is no discount.
There is a 2.5% discount applicable to the DRP, see below from announcement:
"The Dividend Reinvestment Plan announced on 23 April 2013 (DRP) will be
available, and a discount of 2.5% will apply (that is, the strike price under
the DRP will be 97.5% of the volume weighted average sale price of Heartland
shares over the 5 trading days following the Record Date)(7). Participation
in the DRP is entirely optional, and shareholders wishing to participate
should make a participation election in one of the ways specified in the DRP
offer document. The last date of receipt for a participation election from a
shareholder who wishes to participate in the DRP is 20 September 2013. "
Its really easy to do it on Link Market Services website CJ. I did it there in a couple of minutes after creating a login account with them online.
http://www.linkmarketservices.co.nz/...-Services.html
Thanks - but because of the nominee account, ownership is in their name so they have to do - otherwise, I would have done myself. eg. any forms that need signing, I complete, then send to them for signing or for IPO etc, I just email them and they complete the form on my behalf since they sign.
Note: Nominee account is a requirement for margin lending.
Didn't read your first post carefully enough and missed you saying you had a nominee account. Thanks for the explanation.
Percy I see Tainui has appointed Craig Stephen as Chief Investment Officer. I wish him well in his new job.