Abano announces issue price for Dividend Reinvestment Plan
Friday 27 November 2009, 8:24AM
By Abano Healthcare Group Limited
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Abano Healthcare Group Limited advises that the issue price for shares issued in lieu of the cash dividend under its Dividend Reinvestment Plan (DRP) is $5.93.
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 17 November 2009, less a 2.5% discount.
A total of approximately 573,128 shares will therefore be issued on 2 December 2009, on the same date as the cash dividend is paid to shareholders.
Abano has also advised that, given the recent divestment of Bay Audiology Limited and shareholding restructure of Bay International Limited, it will release its interim results for the six months to 30 November 2009 in late January 2010.