Chorus expects to pay a fully imputed dividend of NZ25.5 cents per share in FY13, subject to there being no material adverse changes in circumstances or operating outlook. An interim dividend of 10.0 cents per share was paid on 12 April 2013 to all shareholders registered at 5:00pm on Thursday 28 March 2013. A final dividend is expected to be paid in October 2013, subject to there being no material adverse changes in circumstances or operating outlook.
1. What is Chorus' dividend guidance for FY13?
2. Does Chorus have a dividend reinvestment plan?
Yes. The Board has approved the implementation of a Dividend Reinvestment Plan (the Plan). Shareholders are eligible to participate in the Plan if they are resident in New Zealand or Australia. Chorus has elected not to offer participation under the Plan to shareholders whose address is outside New Zealand or Australia because of the costs and requirements involved in ensuring the Plan’s compliance with laws of additional jurisdictions.
3. Why can’t I find Chorus on the Computershare Australia investor portal?
Australian shareholders currently need to access their Chorus holdings details via the Computershare New Zealand investor portal: www.investorcentre.com/nz.
A Faster Identification Number (FIN) and Shareholder Number is required to log-in to this portal. Please note: your Shareholder Number is not the same number as a Holder Identification Number (HIN).
New shareholders who are on the Australian and CHESS registers will receive their FIN by post. Your Shareholder Number is provided on your New Shareholder welcome letter. A FIN or Shareholder Number can also be obtained by contacting Computershare Investor Services Limited in New Zealand at firstname.lastname@example.org or by calling +64 9 488 8777.
4. What are the tax implications of Chorus’ 30 November 2011 demerger from Telecom for shareholders at the time?
Chorus recommends that shareholders talk to a tax advisor if they have any questions relating to tax implications.
Telecom published information about the tax cost basis calculation at the time of demerger here: http://investor.telecom.co.nz/phoenix.zhtml?c=91956&p=irol-ufb
The Australian Tax Office has also published information on tax implications for shareholders here: http://www.ato.gov.au/content/00328761.htm
Chorus makes no representation, and has no liability for, the accuracy of that information or its suitability to individual shareholders.