Will there be a dividend paid in the next few months whilst they work through the sale process?
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Will there be a dividend paid in the next few months whilst they work through the sale process?
Aside from the interim dividend that was paid on 8 Dec-21 (7 cents), any other dividends paid prior to the implementation date will decrease the amount of $3.76 per Z shares that shareholders receive.
The other item to note is:
For each calendar day that the date of implementation of the Scheme is after 31 March 2022, Shareholders on the Scheme Record Date will also be entitled to receive NZ$0.00055 per Z Share per day (up to a maximum of 10c per Z Share).
Share price has narrowed to within 8 cents of take over offer.
Wonder what will happen to Z share price if Russian oil is banned as it will cause a worldwide shortage. And as countries scrabble for supplies how will we fare?
NZ imports from Russia in 2020 were close to 20% of total.
Attachment 13581
https://www.mbie.govt.nz/dmsdocument...w-zealand-2021
When does NZ (Marsden Point) move away from importing crude at all? Then will surely not care where the crude comes from because we'll just be getting Singapore refined.
The arrival of the Torm Ingeborg at Marsden Point this weekend is the last shipment, carrying 90782 metric tonnes. From 1 News.
Is it too late to say "We want to keep Z Energy" to the AMPOL raiders ? ;)