Heartland Group Holdings Ltd Investor Briefing Transcript
Good morning, and thank you all for joining us today. I'm joined today by Michael Jonas, Chief Strategy Officer; and Phoebe Gibbons, Chief Legal Officer.
I'm pleased to share that Heartland has this morning announced the proposed merger of Heartland Bank and TSB. At its core, this proposed transaction is about building a strong New Zealand domestic bank, combining scale, capability, and regional strength to deliver improved outcomes for customers, communities, and our shareholders.
In the presentation today, I will take you through the transaction structure, the strategic rationale, the profile of the combined business, and the expected financial outcomes. I will then finish with an overview of the path to completion before we open up for questions.
Moving to slide 4, summary of the proposed transaction. Heartland has entered into a merger implementation agreement with Toi Foundation to acquire 100% of TSB. Following the acquisition, Heartland Bank and TSB will amalgamate to form a new combined entity, TSB
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