Hellaby Holdings Limited : Hellaby Dividend Reinvestment Plan – Interim Dividend

Investment company Hellaby Holdings Limited ("Hellaby") today confirmed that the "strike price" used to calculate entitlements under its Dividend Reinvestment Plan for its FY2013 interim dividend has been set at $3.01.

Hellaby has confirmed that shareholders holding 44% of issued shares in the Company have elected to take shares in lieu of cash dividend.  Of the total Hellaby dividend of $4.5 million, approximately $1.9 million will be apportioned through the issue of new shares and the balance of $2.6 million will be paid in cash.

Hellaby confirms that the shares to be allocated pursuant to the Plan will be from the issuance of new ordinary shares.

The strike price has been calculated in accordance with the formula in the Offer Document for the Plan and represents the $3.217 weighted average price of all sales of ordinary shares in Hellaby which took place through the NZX in the five trading days immediately preceding 10 April 2013, less 5 cents (being the fully imputed dividend declared and payable on 19 April 2013), less a 5% discount.

Those shareholders who have elected to participate in the Dividend Reinvestment Plan will have their new shares allocated to them on 19 April 2013.

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