STOCK EXCHANGE ANNOUNCEMENT
30 September 2016
DRP price and AUD dividend rate
The price at which shares will be allotted under Chorus'' Dividend
Reinvestment Plan (DRP) for the 2016 final dividend is NZ$3.6717. The shares
will be issued on 7 October 2016.
The price was set based on the volume weighted average sale price of price
setting trades of Chorus shares on the NZX Main Board taking place over a
period of five trading days commencing on 22 September 2016, less a discount
of 3%.
The foreign exchange rate used for Chorus'' FY16 final dividend payable to
Australian investors has been set at (NZD/AUD) 0.9495. The final dividend of
NZ$0.12 cents per share will be paid on 7 October 2016.
A copy of Chorus'' updated ASX Appendix 3A.1 is attached.
ENDS
For further information:
Nathan Beaumont
Stakeholder Communications Manager
Phone: +64 4 896 4352
Mobile: +64 (21) 243 8412
Email: Nathan.Beaumont@chorus.co.nz
Brett Jackson
Investor Relations Manager
Phone: +64 4 896 4039
Mobile: +64 (27) 488 7808
Email: Brett.Jackson@chorus.co.nz
End CA:00290084 For:CNU Type:DRP Time:2016-09-30 12:07:42