Telecom operates a Dividend Reinvestment Plan, which offers shareholders the opportunity to directly increase their investment in Telecom without incurring brokerage fees.
Participation in the Plan is entirely optional. If a shareholder chooses to participate in the Plan then Telecom will reinvest the shareholder's dividends in new shares and pay them up with the net proceeds of the cash dividends. Telecom's Board of Directors expects to price new shares issued under the Plan at the prevailing market price but has retained the flexibility to issue shares at a small discount.
If dividends are an important source of income, a shareholder can do nothing and they will continue to receive all future dividends as cash without reinvesting the net proceeds. Alternatively, they can choose to receive a mix of both cash dividends and shares.
A Dividend Reinvestment Plan is available to ordinary shareholders.
If you are a shareholder and wish to participate in the Plan, please contact Computershare Investor Services Limited, phone (NZ toll free) 0800-737-100 or +649 488 8700 or email email@example.com
Alternatively you may download a copy of the Telecom Dividend Reinvestment Plan Offer Document here