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MarketScreener Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  New Zealand Refining Company Ltd    NZR   NZNZRE0001S9

NEW ZEALAND REFINING COMPANY LTD

(NZR)
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New Zealand Refining : Distribution Notice

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08/20/2019 | 04:53pm EST

Distribution Notice

Updated as at 8 May 2019

Please note: all cash amounts in this form are provided to 8 decimal places

Section 1: Issuer information

Name of issuer

The New Zealand Refining Company Limited

Financial product name/description

Ordinary shares

NZX ticker code

NZR

ISIN (If unknown, check on NZX

NZNZRE0001S9

website)

Type of distribution

Full Year

Quarterly

(Please mark with an X in the

Half Year

X

Special

relevant box/es)

DRP applies

No

Record date

12 September 2019

Ex-Date (one business day before the

11 September 2019

Record Date)

Payment date (and allotment date for

19 September 2019

DRP)

Total monies associated with the

$6,251,529.06

distribution1

Source of distribution (for example,

Retained earnings

retained earnings)

Currency

NZD

Section 2: Distribution amounts per financial product

Gross distribution2

$0.02777778

Total cash distribution3

$0.02

Excluded amount (applicable to listed

$N/A

PIEs)

Supplementary distribution amount

$0.00352941

Section 3: Imputation credits and Resident Withholding Tax4

Is the distribution imputed

Fully imputed

Partial imputation

No imputation

If fully or partially imputed, please

100%

state imputation rate as % applied

Imputation tax credits per financial

$0.00777778

product

  1. Based on the number of units on issue at the date of the form
  2. "Gross distribution" is the total cash distribution plus the amount of imputation credits, per financial product, before the deduction of Resident Withholding Tax (RWT).
  3. "Total cash distribution" is the cash distribution excluding imputation credits, per financial product, before the deduction of RWT. This should include any excluded amounts, where applicable to listed PIEs.
  4. The imputation credits plus the RWT amount is 33% of the gross distribution for the purposes of this form. If the distribution is fully imputed the imputation credits will be 28% of the gross distribution with remaining 5% being RWT. This does not constitute advice as to whether or not RWT needs to be withheld.

Resident Withholding Tax per

$0.00138889

financial product

Section 4: Distribution re-investment plan (if applicable)

DRP % discount (if any)

N/A

Start date and end date for

-

-

determining market price for DRP

Date strike price to be announced (if

-

not available at this time)

Specify source of financial products to

be issued under DRP programme

-

(new issue or to be bought on market)

DRP strike price per financial product

-

Last date to submit a participation

notice for

this

distribution in

-

accordance

with

DRP participation

terms

Section 5:

Authority for this announcement

Name of person authorised to make

Denise Jensen, Company Secretary

this announcement

Contact person for this

Denise Jensen

announcement

Contact phone number

09 4325100

Contact email address

CompanySecretary@refiningnz.com

Date of release through MAP

21/08/2019

Disclaimer

The New Zealand Refining Company Limited published this content on 21 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2019 20:52:09 UTC

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Financials (NZD)
Sales 2019 371 M
EBIT 2019 38,8 M
Net income 2019 17,6 M
Debt 2019 235 M
Yield 2019 4,64%
P/E ratio 2019 34,1x
P/E ratio 2020 9,06x
EV / Sales2019 2,25x
EV / Sales2020 2,00x
Capitalization 599 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 2,26  NZD
Last Close Price 1,92  NZD
Spread / Highest target 35,9%
Spread / Average Target 17,7%
Spread / Lowest Target 4,17%
EPS Revisions
Managers
NameTitle
Michael Fuge Chief Executive Officer
Simon Christopher Allen Chairman
Denise M. Jensen Chief Financial Officer & Secretary
Robin Baxter Engineering Manager
Vanessa Cynthia May Stoddart Independent Director