Chorus plans underwrite for dividend reinvestment programme

Wed, 20 Sep 2017

By Paul McBeth Sept. 21 (BusinessDesk) - Chorus is going to underwrite its dividend reinvestment programme, issuing shares to the underwriter at the 3 percent discount for the portion not taken up by shareholders. The Wellington-based telecommunications network operator's board declared a final dividend of 12.5 cents per share last month, payable on Oct. 10 to shareholders on the register at the close of trading on Sept. 26. At the time, chief executive Kate McKenzie and chair Patrick Strange said the dividend reinvestment programme had...

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