In July 2009, New Zealand Oil & Gas Ltd announced the establishment of a Dividend Reinvestment Plan. Details of the Plan and acceptance forms were sent to shareholders.
Under the Plan, shareholders resident in New Zealand or Australia can choose to invest all or part of their future dividends in taking up additional NZOG Shares, instead of receiving cash.
The Plan provides a convenient way for an NZOG shareholder to reinvest dividends in Shares, without incurring brokerage charges. In addition, the Board has decided that, until determined otherwise, new Shares issued under the Plan will be offered at a discount. The number of Shares will be calculated at a 2.5% discount to the weighted average sale price for Shares sold on each of the first five business days immediately following the dividend record date.
Participation in the Plan is optional and if a shareholder takes no action they will continue receiving dividends in cash (by cheque or direct credit to a bank account).
All NZOG shareholders on the register as at 5pm Friday 18 September 2009 will be eligible for the 2009 Annual Dividend of 5 cents per ordinary share.
Shareholders wanting to to invest all or part of the 2009 dividend in taking up additional NZOG Shares, instead of receiving cash, need to return their acceptance form to Computershare, to be received no later than 5pm on Friday 18 September, 2009.
If a shareholder has lost or misplaced their acceptance form, they should contact Computershare on 0800 467 335 (NZ) or 1 800 501 366 (Aust) to request a replacement form.
NZOG Dividend Reinvestment Plan [6.0MB]
