Heartland shareholders approve TSB merger. Heartland Group Holdings stock gains 1.59 percent

Published on 10/01/2026 at 08:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TSB merger won 94.80 percent support on September 30, 2026. Heartland Group Holdings stock costs EUR 0.64 on October 1, 2026 after EUR 0.63.

HGH, NZHGHE0007S9, Illustration mit AI erstellt.

Heartland shareholders approved the proposed TSB merger, while Heartland Group Holdings stock was at EUR 0.64 at Lang & Schwarz on October 1, 2026, up 1.59 percent from the prior close of EUR 0.63. The approval came after a vote in which 94.80 percent of votes cast supported the transaction, according to NZX on October 1, 2026.

TSB vote clears a major hurdle

Shareholders representing 58.09 percent of Heartland's issued capital voted on the proposal. The transaction would see Heartland acquire all shares in TSB Bank and merge TSB with Heartland Bank to create TSB Heartland Bank.

The approved structure includes 200.0 million fully paid ordinary shares issued to Toi Foundation at NZD 1.25 per share. Completion still depends on the remaining conditions, including the Material Adverse Change condition and regulatory approvals.

Fiscal 2026 results improved

Heartland reported NZD 326.12 million of revenue for the fiscal year ended June 30, 2026, up from NZD 251.25 million in fiscal 2025. Net income increased to NZD 93.23 million from NZD 38.81 million over the same periods, according to Investing.com.

The earnings comparison gives the merger vote a stronger financial backdrop, but the transaction also carries a regulatory risk. Heartland said the Reserve Bank of New Zealand review of TSB could affect completion if its findings differ materially from the information currently known, as reported by NZX on September 25, 2026.

Stock opens near its yearly high

Heartland Group Holdings is listed on the NZX under the HGH ticker and the ISIN NZHGHE0007S9. The stock's NZD 1.01 to NZD 1.30 52-week range and NZD 1.3 billion market capitalization are dated October 1, 2026, placing the primary-market quote near the upper end of its annual range.

EUR 0.64 before the Xetra open

At 8:01 a.m. CEST on October 1, 2026, Heartland Group Holdings stock was trading at EUR 0.64 at Lang & Schwarz, up 1.59 percent versus the EUR 0.63 prior close dated September 30, 2026. The quote was in the pre-market phase for German investors.