Brief: Heartland Group Holdings Announces NZ$200 Million Equity Raising

Heartland group

22/08/2022 23:39

Aug 23 (Reuters) - Heartland Group Holdings Ltd  HGH.NZ :
    * ANNOUNCES NZ$200 MILLION EQUITY RAISING
    * FY2022 NET INTEREST INCOME NZ$250.1 MILLION, UP 7.1%
    * FY NPAT NZ$95.1 MILLION, INCREASE OF 9.3%
    * FY2022 FINAL DIVIDEND OF 5.5 NZ CENTS PER SHARE
    * FY NET INTEREST MARGIN OF 4.16%, DOWN 19 BPS
    * PROCEEDS FROM EQUITY RAISING TO BE USED TO REPAY A$158
MILLION
FINANCE FACILITY FOR ACQUISITION OF STOCKCO AUSTRALIA
    * EXPECTS NPAT FOR FY2023 OF NZ$109 MILLION-NZ$114 MILLION,
EX
IMPACTS OF FAIR VALUE CHANGES ON EQUITY INVESTMENTS
    * PLACEMENT FULLY UNDERWRITTEN AT FIXED PRICE OF NZ$1.80 PER
NEW
SHARE

Further company coverage:  HGH.NZ 

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