Mercury NZD/AUD FX rate for final dividend

Mercury NZD/AUD FX rate for final dividend
21 September 2022
The foreign exchange rate used for Mercury’s FY2022 final dividend paid to Australian investors in Australian
Dollars (NZD/AUD) has been set to 0.8819. The dividend will be paid on 30 September 2022.
Attached is an amended ASX Appendix 3A.1 Notification of Dividend/Distribution released to the ASX.

ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited

For investor relations queries, please contact:
William Meek
Chief Financial Officer
0275 173 470
investor@mercury.co.nz
For media queries, please contact:
Shannon Goldstone
Head of Communications
027 210 5337
media@mercury.co.nz

ABOUT MERCURY NZ LIMITED
We generate electricity from 100% renewable sources – hydro, geothermal and wind. We also sell utility services to our
customers through our retail brands – Mercury, Trustpower and GLOBUG.
We’re listed on the New Zealand Stock Exchange and the Australian Stock Exchange with foreign exempt listed status. We’re
listed on both exchanges with the ticker symbol ‘MCY’. The New Zealand Government (the Crown) holds a legislated 51%
shareholding in the Company.
Visit us at: www.mercury.co.nz


STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

NEWS RELEASE

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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
21/9/2022
Reason for the Update
Confirmation of the NZD/AUD exchange rate used for the FY22 final dividend of the company to be paid on 30 September
2022.
Additional Information
The foreign exchange rate used for the FY2022 final dividend of the company payable to Australian investors in Australian
Dollars (NZD/AUD) has been set to 0.8819. The dividend will be paid on 30 September 2022.
Refer to below for full details of the announcement

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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
1.4a Reason for update to a previous announcement
Confirmation of the NZD/AUD exchange rate used for the FY22 final dividend of the company to be paid on 30 September
2022.
1.4b Date of previous announcement(s) to this update
16/8/2022
1.5 Date of this announcement
21/9/2022
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
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)
30/6/2022
Ordinary
Update/amendment to previous announcement

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2A.4 +Record Date
15/9/2022
2A.5 Ex Date
14/9/2022
2A.6 Payment Date
30/9/2022
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.
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 0.14117647
2A.9a AUD equivalent to total dividend/distribution
amount per +security
AUD 0.12450353
2A.9b If AUD equivalent not known, date for information
to be released
21/9/2022
Estimated or 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 1.13391541
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?
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
2A.11a If the +entity has a DRP, is the DRP applicable to
this dividend/distribution?
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component information
apart from franking?
No
Yes
We have a Dividend/Distribution Reinvestment Plan (DRP)
Yes
Actual
No

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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.).
2B.2 Please provide a description of your currency arrangements
Payment to shareholders on the Australian register will be calculated on the NZD/AUD foreign exchange hedge rate of
0.8819.
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
CurrencyPayment currency equivalent amount per security
AUD - Australian DollarAUD 0.12450353
2B.2b Please provide the exchange rates used for non-primary currency payments
NZD/AUD 0.8819
2B.2c If payment currency equivalent and exchange
rates not known, date for information to be released
21/9/2022
Estimated or Actual?
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the
default arrangements?
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at
this time?
3A.1a Ordinary dividend/distribution estimated amount
per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.12000000
3A.2 Is the ordinary dividend/distribution franked?
3A.3 Percentage of ordinary dividend/distribution that is
franked
0.0000 %
No
No
No
Actual
Yes

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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 0.12000000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
3F.2 Is the supplementary dividend/distribution
estimated at this time?
3F.2a Supplementary dividend/distribution estimated
amount per +security
NZD
3F.2b Supplementary dividend/distribution amount per +security
NZD 0.02117647
3F.3 Is the Supplementary dividend/distribution franked?
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 %
3F.7 Supplementary dividend/distribution unfranked amount per security
NZD 0.02117647
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
4A.2 Last date and time for lodgement of election
notices to share registry under DRP
Friday September 16, 2022 15:00:00
4A.3 DRP discount rate
2.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
19/9/2022
End Date
23/9/2022
4A.5 DRP price calculation methodology
Do not participate in DRP (i.e. cash payment)
No
No
Yes

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4A.5 DRP price calculation methodology
The price is calculated as the average of the daily volume weighted average sale price for a share (expressed in cents
and fractions of a cent) calculated on all sales of shares which took place through the NZX Main Board on the five trading
days commencing on 19 September 2022 in accordance with the DRP terms and conditions.
4A.6 DRP Price (including any discount):
NZD
4A.7 DRP +securities +issue date
30/9/2022
4A.8 Will DRP +securities be a new issue?
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
4A.11 Are there any other conditions applying to DRP participation?
4A.11a Conditions for DRP participation
The DRP is only available to holders of shares who have an address on the Mercury share register in New Zealand or
Australia. The full terms and conditions of the DRP are set out in the DRP Offer Document at the link below.
4A.12 Link to a copy of the DRP plan rules
https://www.mercury.co.nz/investors/dividends
4A.13 Further information about the DRP
Security holders who participate in the DRP will be transferred fully paid ordinary shares by way of the re-issue of existing
treasury stock.
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 0.12000000
plus a supplementary dividend of NZD 0.02117647 payable to non-New Zealand resident shareholders.
5.2 Additional information for inclusion in the Announcement Summary
The foreign exchange rate used for the FY2022 final dividend of the company payable to Australian investors in Australian
Dollars (NZD/AUD) has been set to 0.8819. The dividend will be paid on 30 September 2022.
Yes
No
No
No