Dispatch of Retail Entitlement Offer Document

Heartland Group Holdings Limited (ASX: $HGH) has announced the dispatch of the entitlement offer document (Offer Document) to eligible shareholders for the retail component of the NZ$105 million 1 for 6.85 pro-rata accelerated non-renounceable entitlement offer (Retail Entitlement Offer). The Retail Entitlement Offer opens today and closes on Monday 22 April 2024.

Executive Commentary

The Retail Entitlement Offer provides eligible retail shareholders with an opportunity to participate in the offer at an offer price of NZ$1.00 per new share. Ineligible shareholders will receive an email explaining why they will not be able to participate in the Retail Entitlement Offer. Shareholders are encouraged to read the Offer Document and seek financial, investment, or other professional advice from a qualified professional adviser.

Summary

Heartland Group Holdings Limited (ASX: $HGH) has dispatched the entitlement offer document for the retail component of the NZ$105 million pro-rata accelerated non-renounceable entitlement offer. The Retail Entitlement Offer is open to eligible retail shareholders with an address recorded in Heartland's share register in New Zealand or Australia. Shareholders are advised to carefully consider the Offer Document and seek professional advice if needed. The Retail Entitlement Offer presents an opportunity for eligible shareholders to subscribe for new shares at an offer price of NZ$1.00 per new share. It is important for shareholders to take note of the closing date of the offer and the potential impact on their percentage holding in Heartland if they choose not to take up their entitlement.