DOW
15/06/2015 13:03
DIVIDEND
PRICE SENSITIVE
REL: 1303 HRS Downer EDI Limited
DIVIDEND: DOW: Works Finance (NZ) Limited - ROADS Rate Set
15 June 2015
WORKS FINANCE (NZ) LIMITED - ROADS RATE SET
Downer EDI Limited and Works Finance (NZ) Limited (previously known as Works
Infrastructure Finance (NZ) Limited) wish to advise that in accordance with
the terms of the ROADS preference shares, the Dividend Rate on the ROADS
preference shares for the period 15 June 2015 to the next reset date of 15
June 2016, is 7.21% per annum payable quarterly in arrears. This figure is
equal to the One Year Swap Rate on 15 June 2015 of 3.16% per annum plus the
Step-up Margin of 4.05% per annum.
It is the intention that Dividends will continue to be fully imputed.
Holders are not required to undertake any action.
Should you require any further information regarding the above please refer
to the Prospectus, your financial or professional advisor or your nominated
NZX firm.
End CA:00265690 For:DOW Type:DIVIDEND Time:2015-06-15 13:03:15