Mercury NZ Limited/Announcement
Mercury NZ Limited logo

Mercury NZD/AUD FX rate for FY2018 final dividend

Full Year Results20 September 2018MCYUtilities

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Update Summary

Entity name

MERCURY NZ LIMITED

Security on which the Distribution will be paid

MCY - ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Announcement Type

Update to previous announcement

Date of this announcement

Thursday September 20, 2018

Reason for the Update

Confirmation of NZD/AUD exchange rate used for the FY2018 final dividend of the company to be paid on 28

September 2018.

Additional Information

The foreign exchange rate used for the FY2018 final dividend of the company payable to Australian investors in

Australian Dollars (NZD/AUD) has been set at 0.9100. The dividend will be paid on 28 September 2018.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

MERCURY NZ LIMITED

1.2 Registered Number Type

ARBN

Registration Number

162804668

1.3 ASX issuer code

MCY

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Confirmation of NZD/AUD exchange rate used for the FY2018 final dividend of the company to be paid on 28

September 2018.

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1.4b Date of previous announcement(s) to this update

Tuesday August 21, 2018

1.5 Date of this announcement

Thursday September 20, 2018

1.6 ASX +Security Code

MCY

ASX +Security Description

ORDINARY FULLY PAID FOREIGN EXEMPT NZX

Part 2A - All dividends/distributions basic details

2A.1 Type of dividend/distribution

Ordinary

2A.2 The Dividend/distribution:

relates to a period of six months

2A.3 The dividend/distribution relates to the financial reporting or payment period ending

ended/ending (date)

Saturday June 30, 2018

2A.4 +Record Date

Thursday September 13, 2018

2A.5 Ex Date

Wednesday September 12, 2018

2A.6 Payment Date

Friday September 28, 2018

2A.7 Are any of the below approvals required for the dividend/distribution before business day 0

of the timetable?

Security holder approval

Court approval

Lodgement of court order with +ASIC

ACCC approval

FIRB approval

Another approval/condition external to the entity required before business day 0 of the

timetable for the dividend/distribution.

No

2A.8 Currency in which the dividend/distribution is made ("primary currency")

NZD - New Zealand Dollar

2A.9 Total dividend/distribution payment amount

per +security (in primary currency) for all

dividends/distributions notified in this form

NZD 0.10705882

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2A.9a AUD equivalent to total

dividend/distribution amount per +security

0.09742353

Estimated or Actual?

Actual

2A.9c FX rate (in format AUD 1.00 / primary

currency rate): AUD

AUD 1.00

FX rate (in format AUD rate/primary currency

rate) Primary Currency rate

NZD 1.09890110

2A.10 Does the entity have arrangements

relating to the currency in which the

dividend/distribution is paid to securityholders

that it wishes to disclose to the market?

Yes

2A.11 Does the entity have a securities plan for

dividends/distributions on this +security?

We do not have a securities plan for

dividends/distributions on this security

2A.12 Does the +entity have tax component

information apart from franking?

No

2A.13 Withholding tax rate applicable to the dividend/distribution

15.000000

Part 2B - Currency Information

2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes

such as the banking instruction or registered address of the +securityholder? (For example NZD

to residents of New Zealand and/or USD to residents of the U.S.A.).

Yes

2B.2 Please provide a description of your currency arrangements

Payment to shareholders on the Australian register will be calculated on the AUD/NZD foreign exchange hedge rate

of 0.9100.

2B.2a Other currency/currencies in which the dividend/distribution will be paid:

AUD - Australian DollarAUD 0.09742353

2B.2b Please provide the exchange rates used for non-primary currency payments

NZD/AUD 0.9100

2B.2c If payment currency equivalent and

exchange rates not known, date for information

to be released

Estimated or Actual?

Actual

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2B.3 Can the securityholder choose to receive a currency different to the currency they would

receive under the default arrangements?

No

Part 3A - Ordinary dividend/distribution

3A.1 Is the ordinary dividend/distribution

estimated at this time?

No

3A.1a Ordinary dividend/distribution estimated

amount per +security

NZD

3A.1b Ordinary Dividend/distribution amount per

security

NZD 0.09100000

3A.2 Is the ordinary dividend/distribution

franked?

No

3A.3 Percentage of ordinary

dividend/distribution that is franked

0.0000 %

3A.4 Ordinary dividend/distribution franked

amount per +security

NZD 0.00000000

3A.5 Percentage amount of dividend which is

unfranked

100.0000 %

3A.6 Ordinary dividend/distribution unfranked

amount per +security excluding conduit foreign

income amount

NZD 0.09100000

Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution

3F.1 Is a supplementary dividend/distribution payable?

Yes

3F.2 Is the supplementary dividend/distribution

estimated at this time?

No

3F.2a Supplementary dividend/distribution

estimated amount per +security

NZD

3F.2b Supplementary dividend/distribution amount per +security

NZD 0.01605882

3F.3 Is the Supplementary dividend/distribution

franked?

No

3F.4 Percentage of Supplementary

dividend/distribution that is franked

0.0000 %

3F.4a Applicable corporate tax rate for franking

credit (%)

%

3F.5 Supplementary dividend/distribution

franked amount per +security

NZD 0.00000000

3F.6 Percentage of Supplementary

dividend/distribution that is unfranked

100.0000 %

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3F.7 Supplementary dividend/distribution unfranked amount per security

NZD 0.01605882

Part 5 - Further information

5.1 Please provide any further information applicable to this dividend/distribution

The total dividend/distribution amount per security referred to in 2A.9 relates to an ordinary dividend of NZD 0.091

plus a supplementary dividend of NZD 0.01605882 payable to non-resident shareholders.

5.2 Additional information for inclusion in the Announcement Summary

The foreign exchange rate used for the FY2018 final dividend of the company payable to Australian investors in

Australian Dollars (NZD/AUD) has been set at 0.9100. The dividend will be paid on 28 September 2018.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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