Spark NZ confirms final dividend conversion and DRP price

Spark New Zealand Limited (ASX:SPK) has put the final numbers around its six-month distribution, confirming a total payment of NZD 0.08705882 per share. For ASX investors, the declared equivalent is AUD 0.07022128 per share, based on an exchange rate of NZD 1.23977834 to AUD 1.00.

Distribution Components and Payment Date

The distribution comprises an ordinary dividend of NZD 0.08000000 and a supplementary dividend of NZD 0.00705882. Both components are 100% unfranked and relate to the reporting period ended 30 June 2026.

The key entitlement dates have already passed, with the ex-date on 10 September and the record date on 11 September. Spark will make the payment on 2 October 2026, meaning this announcement confirms the final cash amount rather than establishing a new entitlement.

DRP Price Set at NZD 2.03910

Shareholders who elected to participate in Spark’s full dividend reinvestment plan will receive new shares priced at NZD 2.03910. The price is based on the volume-weighted average sale price for price-setting trades on the NZX Main Board over the five business days from 10 to 16 September, with no discount applied.

Cash remains the default option for shareholders who do not elect to participate. The new DRP shares are scheduled to be issued on 2 October and will rank equally from their issue date. Spark may, at its discretion, decline DRP participation for shareholders whose addresses are outside New Zealand or Australia.

Withholding Tax Applies to Unfranked Payment

The filing states that a 15% non-resident withholding tax rate applies where an individual shareholder meets the requirements to use the double tax treaty between Australia and New Zealand. Because the distribution is entirely unfranked, Australian investors will need to consider the withholding treatment when comparing the cash payment with the DRP alternative.