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Ann: DRP: PFI: Minor Changes to Dividend Reinvestment Scheme

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    • Release Date: 17/02/15 08:42
    • Summary: DRP: PFI: Minor Changes to Dividend Reinvestment Scheme
    • Price Sensitive: No
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    					PFI
    17/02/2015 08:42
    DRP
    NOT PRICE SENSITIVE
    REL: 0842 HRS Property for Industry Limited
    
    DRP: PFI: Minor Changes to Dividend Reinvestment Scheme
    
    MINOR CHANGES TO DIVIDEND REINVESTMENT SCHEME
    
    Property For Industry Limited (PFI) advises that it has amended the terms of
    its Dividend Reinvestment Scheme (DRS). A copy of the updated PFI DRS Offer
    Document can be viewed at
    www.propertyforindustry.co.nz/dividend-reinvestment-scheme.php and will
    apply from 12 February 2015.
    
    Changes to the DRS have been made to enable PFI to comply with the Financial
    Markets Conduct Act 2013 and Financial Markets Conduct Regulations 2014, as
    well as to simplify the administration of the DRS. These changes are minor
    and/or technical in nature and do not affect how the DRS operates. The
    changes include:
    
    - updating/removing references to applicable legislation;
    - allowing PFI to modify or terminate the DRS if required to do so by law,
    any applicable stock exchange listing rule or any provision of PFI's
    constitution, without providing notice to participants; and
    - allowing PFI to make minor amendments to the DRS where such amendments are
    of an administrative or procedural nature, without providing notice to
    participants.
    
    Shareholders do not need to take any action as a result of these changes as a
    participation election under the DRS will continue to apply when the DRS is
    in operation.
    
    Notwithstanding the changes, the DRS continues to remain suspended, and the
    PFI board and will continue to assess whether to operate or suspend the
    dividend reinvestment scheme on a quarter-by-quarter basis.
    
    Contact
    
    For further information please contact:
    Craig Peirce
    Chief Financial Officer and Company Secretary
    Mob: +64 21 248 6301
    Email: [email protected]
    
    About PFI
    
    PFI is New Zealand's only listed company specialising in industrial property.
    PFI's portfolio of 79 industrial properties in Auckland, Hamilton, Mount
    Maunganui, Wellington and Christchurch, is leased to 134 tenants.
    
    www.propertyforindustry.co.nz
    
    Attached
    
    PFI - Dividend Reinvestment Scheme Offer Document
    End CA:00260699 For:PFI    Type:DRP        Time:2015-02-17 08:42:02
    				
 
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