Air New Zealand 2009 Annual Report Download - page 38

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19. DISTRIBUTIONS TO OWNERS
GROUP
2009
$M
GROUP
2008
$M
COMPANY
2009
$M
COMPANY
2008
$M
Distributions recognised
Final dividend for 2008 financial year on Ordinary Shares 37 53 37 53
Interim dividend for 2009 financial year on Ordinary Shares 32 53 32 53
69 106 69 106
Distributions paid
Final dividend for 2008 financial year on Ordinary Shares 34 49 34 49
Interim dividend for 2009 financial year on Ordinary Shares 29 51 29 51
63 100 63 100
On 26 August 2009, the Board of directors declared a final dividend for the 2009 financial year of 3.5 cents per Ordinary Share, payable on
18 September 2009 to registered shareholders at 11 September 2009. The total dividend payable will be $37 million. Imputation credits will be attached
and supplementary dividends paid to non-resident shareholders. This dividend has not been recognised in the June 2009 financial statements.
An interim dividend of 3.0 cents per Ordinary Share was paid on 27 March 2009. Imputation credits were attached and supplementary dividends paid
to non-resident shareholders. Under the dividend reinvestment plan, interim dividends payable of $4 million were settled by the issue of 4,120,448
Ordinary Shares, at $0.8761per Ordinary Share.
A final dividend in respect of the 2008 financial year of 3.5 cents per Ordinary Share was paid on 19 September 2008. Imputation credits were attached
and supplementary dividends paid to non-resident shareholders. Under the dividend reinvestment plan, dividends payable of $4 million were settled by
the issue of 3,520,740 Ordinary Shares, at $1.0669 per Ordinary Share.
A dividend reinvestment plan (the Plan) has been established which offers eligible shareholders the opportunity to increase their investment in the
Company by applying dividends received on some or all of their existing Ordinary Shares to the acquisition of additional Ordinary Shares. All shareholders
with registered addresses in New Zealand and Australia are entitled to participate in the Plan. The subscription price of Ordinary Shares issued under
the Plan will be at a discount of 1.5 percent of the volume weighted average sale price of the Ordinary Shares on the NZSX and ASX over the first five
trading days on which the Shares trade ex-entitlement on the NZSX. For participation in the Plan to be effective in relation to the Final dividend which is
proposed to be paid on 18 September 2009, a properly completed participation form must already be held, or will need to be received, by Link Market
Services Limited (the Company’s share registrar) prior to 5.00 pm (NZ time) on 11 September 2009.
AIR NEW ZEALAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
AS AT 30 JUNE 2009
36