CNU
11/04/2014 15:13
DRP
REL: 1513 HRS Chorus Limited (NS)
DRP: CNU: Suspension of DRP
STOCK EXCHANGE ANNOUNCEMENT
11 April 2014
Suspension of DRP
Upcoming ASX Listing Rule changes would require Chorus to amend its current
Dividend Reinvestment Plan (DRP) Offer Document. The Chorus Board has decided
to suspend the current DRP rather than incur the costs of amending the Offer
Document at this time.
This decision follows the 24 February interim result announcement that Chorus
had elected not to pay an interim dividend and that "capital management
decisions will be communicated when there is sufficient certainty around the
outcome of Chorus initiatives, CFH discussions, and regulatory reviews."
Chorus does not, at this point, have sufficient certainty in respect of those
outcomes to announce any capital management decisions and deferring any
unnecessary DRP cost is therefore a logical step.
ENDS
For further information:
Ian Bonnar
Corporate Affairs Manager
Mobile: +64 (27) 215 7564
Email: [email protected]
Brett Jackson
Investor Relations Manager
Mobile: +64 (27) 488 7808
Email: [email protected]
End CA:00249408 For:CNU Type:DRP Time:2014-04-11 15:13:09
Price at posting:
$1.77 Sentiment: None Disclosure: Held
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