Tuesday, 21 August 2018

Announcement

GENERAL: ENS: 2018 Interim Dividend

20 Dec 2017 08:30NZX
ANNOUNCEMENT TO NZX RE DIVIDEND AND RECORD DATE

20 December 2017

BY EMAIL:announce@nzx.com

NZX Limited
WELLINGTON

Enprise Group Limited - Declaration of Dividend and Dividend Reinvestment
Plan

The Board of the Company has resolved to declare a dividend of 1.0 cent per
share. No imputation credits are attached to the dividend, ie be tax paid
will be resident or non-resident withholding tax(whichever is applicable).

In conjunction with the declaration of the dividend, the Board has resolved
to adopt a dividend reinvestment plan ("DRP").
Under the DRP, eligible shareholders will have the option to reinvest the net
proceeds of the cash dividend payable or credited on all or some of the
shareholders shares by acquiring further shares in the Company ("Additional
Shares").

The record date for determining eligible shareholder entitlement to
Additional Shares under the DRP is 5:00pm on 19 January 2018 ("Record Date").

A shareholder wishing to participate in the DRP may elect to participate in
the DRP by exercising one of the following options:
(a) Full Participation - If a shareholder chooses full participation, the
DRP will apply to the cash dividends payable or credited from time to time
less any withholding tax applicable in respect of all Shares registered in
the participating shareholders name.
(b) Partial Participation - If a shareholder chooses partial
participation, the DRP will only apply to the cash dividends payable or
credited less any withholding tax applicable from time to time in respect of
the shareholders nominated percentage of Shares registered in the
shareholders name.
(c) No Participation - If a shareholder does not wish to participate in
the DRP and instead wishes to receive the dividends payable or credited in
respect of their Shares from time to time in cash, the shareholder does not
need to do anything.

The strike price for the DRP will be set during the five business days after
the Record Date using the following formula:

Where:
P is the volume weighted average sale price in New Zealand dollars (expressed
in cents and fractions of cents) for a Share calculated on all trades of
Shares which took place through the NZAX Market over the period of 5 trading
days immediately following the Record Date.  If no sales of Shares occur
during those 5 trading days, then the volume weighted average sale price will
be deemed to be the sale price for a Share on the last trade of Shares which
took place prior to such trading days as determined by NZX Limited.  The
price "P" may be reasonably adjusted by the Company to allow for any bonus
issue or dividend or other distribution expectation.  If, in the opinion of
the Board, any exceptional or unusual circumstances (including any unusual or
irregular trades) have artificially affected the price "P", the Company may
make such adjustment to that price as it considers reasonable
E is 95 per cent.

Documentation in respect of the DRP, including the Participation Notice
required to be completed by those shareholders wishing to participate in the
DRP, accompanies this announcement.

Applications to participate in the DRP must be received by the Company''s
share registry before 5pm on 19 January 2018.
An Appendix 4 Form accompanies this announcement in respect of the proposed
dividend.

For further information please contact:
Elliot Cooper
Executive Director
Mobile:0275 615501
Email:elliotc@enprisegroup.com
End CA:00312178 For:ENS    Type:GENERAL    Time:2017-12-20 08:30:15
Views: 33
Enprise Group Limited Ordinary Shares
 1.490 Change:
0.00
0.00%
 
Open:1.490 
High:1.490 
Low:1.490 
Volume:0 
Last Traded:07/02/18 00:20:49 
Bid:1.400 
Ask:1.490 
52-Wk High:2.010 
52-Wk Low:1.000