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

 


Aotearoa Fisheries announces a special bonus share issue

Media release from Aotearoa Fisheries Ltd

Aotearoa Fisheries Limited announces a special bonus share issue
The mission of Aotearoa Fisheries Limited is to maximise the value of Māori fisheries assets and to deliver growth in shareholder wealth to Iwi. Aotearoa Fisheries Limited is one of New Zealand’s largest fishing companies and is owned by all Māori.

Today Directors of Aotearoa Fisheries Limited, have announced that they will be making a special taxable bonus share issue to shareholders.

Aotearoa Fisheries will issue a total of $141 million of new shares to shareholders in proportion to their existing shareholding.

Aotearoa Fisheries is making the bonus share issue to unlock tax credits of $30 million available within the Group, which also encompasses Sealord Group Limited. By making the bonus share issue, Aotearoa Fisheries is able to turn those tax credits into real cash benefits for shareholders.

The special taxable bonus share issue does not alter Aotearoa Fisheries obligation to pay a regular dividend and the Directors expect to make the annual dividend announcement early December.

- Ends -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news