Originally Posted by
Major von Tempsky
Aha! You mean you haven't read the 2 kgs/4.5lbs, 1.25inches thick, 525 pages "Share in Two Journeys" demerger document from cover to cover yet?
Shame! Shame!
May I refer you to page 25 of said tome where it states, inter alia, "it is anticipated that for FY12 ....a dividend policy to payout 25 cents per share".
And again, p136 (are you still with me?)
"...the payout will be pro-rated to reflect only the post-Demerger period" i.e. 1/11/2011 to 30/06/2012 inclusive. On page 25 it mentions that results will be declared in August 2012. It also mentions (both pages) that Chorus will start with a nil balance in its imputation account thus "Dividends paid are expected to be imputed to the extent possible".
The Non Executive Director Prue Flacks (p103) and the General Manager Human Resources Sara Broadhurst (p105) are not bad looking birds.
Any more questions?