DOW 0.00% 48.4¢ downer edi limited ordinary shares

Ann: DIVIDEND: DOW: Works Finance (NZ) Limited - ROADS Rate Set

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    • Release Date: 15/06/15 13:03
    • Summary: DIVIDEND: DOW: Works Finance (NZ) Limited - ROADS Rate Set
    • Price Sensitive: No
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    					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
    				
 
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