Downer EDI Limited and Works Finance (NZ) Limited have announced that in line with the terms of the ROADS preference shares, the Dividend Rate for the period 15 June 2022 to the next reset date of 15 June 2023, will be 8.14% per annum payable quarterly in arrears.
This figure is equal to the One Year Swap Rate on 15 June 2022 of 4.09% per annum plus the Step-up Margin of 4.05% per annum.
Dividends will continue to be fully imputed.
Holders of the ROADS preference shares are not required to take any action.
For more information, please refer to the relevant prospectus, contact a financial or professional advisor, or nominated NZX firm.
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