A Dividend Reinvestment Plan (DRP) operates for Spark New Zealand shares.
The Dividend Reinvestment Plan lets shareholders conveniently increase their investment in Spark New Zealand without incurring brokerage fees.
Participation in the Plan is entirely optional. If you wish to increase your investment in Spark New Zealand, you can enrol in the Plan and Spark New Zealand will reinvest your dividends in additional Shares and pay for them with the net proceeds of your cash dividends.
If dividends are an important income source, you can do nothing and you will continue to receive all future dividends as cash without reinvesting the net proceeds or you can choose to receive a mix of both cash dividends and Shares.
Please find below Spark’s Dividend Reinvestment Plan Offer Document and Participation Notice.
Please read the booklet thoroughly and consult your own financial adviser if you have any questions.