Chorus dividend reinvestment plan underwriter Macquarie called on for $23.8M

Sun, 01 Oct 2017

By Paul McBeth Oct. 2 (BusinessDesk) - Macquarie Securities (NZ) will pay $23.8 million for 6.3 million new Chorus shares as the underwriter for the telecommunications network operator's dividend reinvestment programme. About 54 percent of Chorus's shares took up the dividend reinvestment programme, up from 45 percent previously, meaning about $23.6 million will be paid in cash on Oct. 10 when 12.5 cents per share dividend is due. Wellington-based Chorus announced the DRP price of $3.7672 today, a 3 percent discount to the five-day avera...

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