Dividend payment date change due to public holiday

NZ Automotive Investments Limited
102 Mays Road,
Onehunga,
Auckland, 1061
+64 (9) 869 3330

info@nzautomotiveinvestments.co.nz
nzautomotiveinvestments.co.nz



Dividend payment date change due to public holiday


Auckland, 30 May 2022


NZX: NZA


NZ Automotive Investments Limited advises that due to the FY22 final dividend payment date falling on
a public holiday, the final gross dividend of 0.88 cents per share will now be paid one pay earlier on 23
June 2022.






Haydn Marks
CFO
+64 21 2211 040
Haydn.m@nzautomotiveinvestments.co.nz





About NZAI
NZAI is an integrated used automotive group operating throughout New Zealand via two subsidiaries:
Automotive Retail and Vehicle Finance. NZAI’s mission is to deliver quality cars and financing solutions
at the most affordable prices to the average New Zealander. Operating under the “2 Cheap Cars” brand,
its Automotive Retail company is one of the largest used vehicle sellers in New Zealand with 12
dealerships across the country. Its Vehicle Finance company operates under the “NZ Motor Finance”
brand. It was established in 2019 to diversify earnings and provide a further growth opportunity for NZAI.
It originates loans entirely from cross-selling to Automotive Retail customers, which allows NZ Motor
Finance to grow its finance book with minimal acquisition and administrative costs.
www.nzautomotiveinvestments.co.nz

---

Distribution Notice




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

Section 1: Issuer information
Name of issuer NZ Automotive Investments Limited
Financial product name/description Ordinary Shares
NZX ticker code NZA
ISIN (If unknown, check on NZX
website)
NZNZAE0001S5
Type of distribution
(Please mark with an X in the
relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies
Record date 15/06/2022
Ex-Date (one business day before the
Record Date)
14/06/2022
Payment date (and allotment date for
DRP)
23/06/2022
Total monies associated with the
distribution
1

$286,993.35000000
Source of distribution (for example,
retained earnings)
Retained Earnings
Currency New Zealand Dollar
Section 2: Distribution amounts per financial product
Gross distribution
2
$0.00875000
Total cash distribution
3
$0.00630000
Excluded amount (applicable to listed
PIEs)
N/A
Supplementary distribution amount $0.00000000
Section 3: Imputation credits and Resident Withholding Tax
4

Is the distribution imputed Fully imputed
If fully or partially imputed, please
state imputation rate as % applied
5

28%
Imputation tax credits per financial
product
$0.00245000

1
Continuous issuers should indicate that this is 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 taxable amount for the purposes of this form. If the distribution is
fully imputed the imputation credits will be 28% of the gross taxable amount with remaining 5% being RWT. This does not constitute
advice as to whether or not RWT needs to be withheld.

5
Calculated as (imputation credits/gross taxable amount) x 100. Fully imputed dividends will be 28% as a % rate applied.

Resident Withholding Tax per
financial product
$0.00043750
Section 5: Authority for this announcement
Name of person

authorised to make
this announcement
David Page, CEO
Contact person for this
announcement
Haydn Marks, CFO
Contact phone number 0212211040
Contact email address haydnmarks@nzautomotiveinvestments.co.nz
Date of release through MAP

30/05/2022