12 Aug 2013

Share sale plan set up by Heartland

12:22 pm on 12 August 2013

Heartland New Zealand has established a share sale plan offering shareholders who hold no more than 10,000 shares, the opportunity to sell their shares at the current market price.

The bank says it set up the plan in response to recent unsolicited offers made to Heartland shareholders at significantly below market price.

A main aim of the plan is to provide an alternative to these offers at a fair and current market price.

If an eligible shareholder chooses to take part, Heartland will facilitate the on-market sale of their shares through a broker and will pay the brokerage fees associated with the trade.