Ann: DIVIDEND: WKS: Works Finance (NZ) Limited RO

• Release Date: 15/06/12 17:54
• Summary: DIVIDEND: WKS: Works Finance (NZ) Limited ROADS Rate Set
• Price Sensitive: No
• Download Document  1.34KB

					

WKS
15/06/2012 15:54
DIVIDEND

REL: 1554 HRS Works Finance (NZ) Limited

DIVIDEND: WKS: Works Finance (NZ) Limited ROADS Rate Set

Media/ASX and NZX Release
15 June 2012

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 2012 ("Step-Up Date") to the next
reset date, being 15 June 2013, is 6.60% per annum payable quarterly in
arrears.  This figure is equal to the One Year Swap Rate on the Step-Up Date,
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

Downer EDI Limited (www.downergroup.com) provides comprehensive engineering
and infrastructure management services to the public and private Minerals &
Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and
Property sectors across Australia, New Zealand and the Asia Pacific region.
End CA:00223915 For:WKS    Type:DIVIDEND   Time:2012-06-15 15:54:38