INVESTOR CENTRE

The dividend rate is reset every three years. The most recent reset was on 12 March 2020, where the rate was set for three years. This rate will be applicable through to 12 March 2023, at which point the rate will be reset once more.

The current rate, as set on 12 March 2020, is 2.46%. This rate is applicable until 12 March 2023, when the rate will be reset again.

Quayside Holdings Limited Perpetual Preference Shares are listed on the NZDX (visit www.nzx.com – security code QHLHA) and can be traded through your broker. Refer to the following link for a list of brokers in your region: https://www.nzx.com/services/market-participants/find-a-participant. Further information about your current holding in Quayside Perpetual Preference Shares can be obtained from Computershare Investor Services on email enquiry@computershare.co.nz.

Quayside’s member register is maintained by Computershare. Please email them at enquiry@computershare.co.nzor phone on +64 9 488 8777 to change your communication preferences.

Communications for our Perpetual Preference Shares are managed by Computershare. Please email them at enquiry@computershare.co.nzor phone on +64 9 488 8777 if you no longer wish to receive the annual report.

Communications for our Perpetual Preference Shares are managed by Computershare. Please email them at enquiry@computershare.co.nz or phone on +64 9 488 8777 to change your communication preferences.

The securities are Perpetual Preference Shares. Perpetual Preference Shares have no fixed term and are not redeemable. Dividends are paid on the shares quarterly in arrears. The shares carry no voting rights.

The shares can/must be repurchased by the Bay of Plenty Regional Council (100 per cent owner of Quayside) under the following scenarios:

Put option exercised by shareholders: shareholders may, by special resolution, require the Bay of Plenty Regional Council to purchase back the shares at $1, in any of the following events:

• Quayside Holdings fails to make a dividend payment within five business days of the dividend date;
• Quayside Holdings ceases to carry on business; or
• Quayside Holdings is subject to insolvency, liquidation, receivership or similar.

Call option exercised by the Bay of Plenty Regional Council, under the following two scenarios:

• The council can choose to buy back the shares at any time, so long as at least 100 million shares remain uncalled. The purchase price will be the greater of $1 or the average price that the shares have been trading at on the NZDX over the 10 preceding business days; or
• The council can choose to buy back all the shares if there is a ‘change in relevant regulation’ (for a definition of this refer to the investment statement), which has a material effect on the regulatory or tax treatment of the Perpetual Preference Shares or increases the cost to Quayside of maintaining the shares. The purchase price in this instance will be $1.

Yes – dividends are expected to be fully imputed, meaning the tax on the dividend is already paid for you. The cash amount you can expect to receive is the dividend, less 28 per cent tax (being the current company tax rate).  A dividend certificate will be received which shows you the gross amount of the dividend and the tax that has been paid on your behalf. This information should be used when completing your annual tax return.