Fisher & Paykel Healthcare Corporation Limited (NZX:FPH, ASX:FPH) advises that the strike price for the dividend reinvestment plan (DRP) operating in respect of the dividend payable on Wednesday 21 December 2016 has been set at NZ$8.2541 per share. The strike price is calculated as the volume weighted average sale price for an ordinary share calculated on all price setting trades of shares which took place through the NZX Main Board over a period of 5 trading days immediately following the dividend record date of 7 December 2016.
Shareholders who have elected to participate in the DRP reinvest their dividends to receive additional shares, rather than cash. The number of Fisher & Paykel Healthcare shares to which participants are entitled is calculated by multiplying the net dividend per share by the number of that participant’s participating shares and then dividing that number by the issue price of NZ$8.2541.
The company also advises that the foreign exchange rate used for the payment of the dividend on 21 December 2016 to Australian investors in AUD has been set at 0.9563.