Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

TrustPower Announces 2003 Final Dividend


TrustPower Announces 2003 Final Dividend

TrustPower Limited's directors announce a final dividend for the year ended 31 March 2003 of 17.5 cents per share. This dividend will carry full imputation credits and a supplementary dividend will be paid to eligible non-residents. It will be paid on 31 July 2003 to shareholders on the register at 18 July 2003.

This will bring the total dividend for 2003, on a per share basis, to 30 cents compared to 16.0 cents for 2002.The interim dividend of 12.5 cents did not carry imputation credits.

The announcement of this dividend was delayed until shareholder approval for the share buy back offer was obtained on 19 June 2003 and the actual final acceptances of the offer were established at the end of business yesterday.

The final buy back acceptances totalled 40,899,843 shares or nearly 21 per cent of those on issue. These shares will be bought back by the company and cancelled. This will return $151.3 million to shareholders who accepted the offer. The company will then have 157,374,936 ordinary shares on issue making the total 2003 final dividend $27.5 million.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>