|
Friday 15th October 2010 |
Text too small? |
Most Cavalier shareholders have opted to take cash over additional shares in New Zealand's only listed carpet maker, with stock issued under its dividend reinvestment plan amounting to less than 1% on issue.
Cavalier issued 278,756 new ordinary shares, valued at $2.94 apiece, as part of its dividend reinvestment plan which was launched on October 11, representing 0.4% of existing shares.
In August the company declared a fully-imputed final dividend of 11 cents a share, for the year ending June 2010, which is payable today.
The buyback price was calculated as the volume weighted average of all trades on the NZX between October 4 and October 8, and amounts to a 3% discount to Cavalier's closing price yesterday of $3.05.
Businesswire.co.nz
No comments yet
Godfrey Hirst appeals High Court ruling on Cavalier warranties
Cavalier Corporation announces preliminary announcement of June 2013 full year results
Cavalier cuts FY earnings guidance, won't pay interim dividend
Cavalier names Paul Alston as chief financial officer
Cavalier turns to FY loss on cost to restructure unprofitable business
Cavalier ceases spinning at Onehunga with 70 job losses
Cavalier Corporation
Cavalier forecasts FY loss after charges, no dividend; shares tumble
Cavalier says first-half profit plunges 59%, will miss full-year guidance
Cavalier Corporation
