Notification of dividend / distribution
Update Summary
Entity name
For personal use only
SOUTHERN CROSS ELECTRICAL ENGINEERING LTD
Security on which the Distribution will be paid
SXE - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
5/4/2022
Reason for the Update
Update to the Appendix 3A.1 released on 28 February 2022 to confirm the foreign exchange rate for dividends paid in NZD to holders with a registered address in New Zealand.
Refer to below for full details of the announcement
Notification of dividend / distribution
1 / 6
Notification of dividend / distributionAnnouncement Details
For personal use only
Part 1 - Entity and announcement details
1.1 Name of +Entity
SOUTHERN CROSS ELECTRICAL ENGINEERING LTD
1.2 Registered Number Type
ABN
1.3 ASX issuer code
SXE
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcementRegistration Number 92009307046
Update to the Appendix 3A.1 released on 28 February 2022 to confirm the foreign exchange rate for dividends paid in NZD to holders with a registered address in New Zealand.
1.4b Date of previous announcement(s) to this update 27/2/2022
1.5 Date of this announcement 5/4/2022
1.6 ASX +Security Code SXE
ASX +Security Description ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution: relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date) 31/12/2021
Notification of dividend / distribution
2 / 6
Notification of dividend / distribution
2A.4 +Record Date
30/3/2022
2A.5 Ex Date
29/3/2022
For personal use only
2A.6 Payment Date
13/4/2022
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASICACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
AUD 0.01000000
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market?
Yes
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment Plan (DRP)
2A.11a If the +entity has a DRP, is the DRP applicable to 2A.11a(i) DRP Status in respect of this
this dividend/distribution?
Yes
dividend/distribution Full DRP
2A.12 Does the +entity have tax component information apart from franking?
No
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
2B.2 Please provide a description of your currency arrangements
Notification of dividend / distribution
3 / 6
Notification of dividend / distribution
2B.2 Please provide a description of your currency arrangements
For shareholders with a registered address in New Zealand the default payment will be by direct credit in NZD and requires that a valid New Zealand bank account has been nominated for receipt of the dividend payment.
For shareholders who have a registered address in New Zealand but who have nominated payment to an Australian bank account then the dividend will be paid in AUD.
For personal use only
All other shareholders will receive their dividend in AUD.
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
Currency
NZD - New Zealand Dollar
2B.2b Please provide the exchange rates used for non-primary currency payments The dividends to be paid in NZD are being converted at an exchange rate of 1.0743
2B.2c If payment currency equivalent and exchange rates not known, date for information to be released
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?
Yes
2B.3a Please describe what choices are available to a securityholder to receive a currency different to the currency they would receive under the default arrangements
For shareholders who have a registered address in New Zealand but who have nominated payment to an Australian bank account then the dividend will be paid in AUD.
2B.3b Date and time by which any document or communication relating to the above arrangements must be received in order to be effective for this dividend/distribution
Tuesday March 29, 2022 20:00:00
2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged To update banking details please visitwww.computershare.com.au/easyupdate/SXE.
Any questions on the above can be directed to Computershare Investor Services (within Australia 1300 656 780, outside Australia +61 3 9415 4020)
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at this time?
No
3A.1b Ordinary Dividend/distribution amount per security
AUD 0.01000000
Payment currency equivalent amount per security NZD 0.01074300
Estimated or Actual?
Actual
3A.1a Ordinary dividend/distribution estimated amount per +security
AUD
Notification of dividend / distribution
4 / 6
Notification of dividend / distribution
3A.2 Is the ordinary dividend/distribution franked?
3A.2a Is the ordinary dividend/distribution fully franked?
Yes
Yes
3A.3 Percentage of ordinary dividend/distribution that is 3A.3a Applicable corporate tax rate for franking credit
franked 100.0000 %
(%) 30.0000 %
For personal use only
3A.4 Ordinary dividend/distribution franked amount per +security
AUD 0.01000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
AUD 0.00000000
Part 4A - +Dividend reinvestment plan (DRP)
3A.5 Percentage amount of dividend which is unfranked 0.0000 %
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP?
Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of election | 4A.3 DRP discount rate |
notices to share registry under DRP | |
0.0000 % | |
Thursday March 31, 2022 20:00:00 | |
4A.4 Period of calculation of reinvestment price | |
Start Date | End Date |
31/3/2022 | 6/4/2022 |
4A.5 DRP price calculation methodology |
Shares will be issued at the volume weighted average trading price for the 5 trading days following the record date of 30
March 2022
4A.6 DRP Price (including any discount):
AUD
4A.8 Will DRP +securities be a new issue?
4A.7 DRP +securities +issue date
Yes
4A.8a Do DRP +securities rank pari passu from +issue date?
Yes
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
No
4A.11 Are there any other conditions applying to DRP participation?
Yes
Notification of dividend / distribution
5 / 6
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
SCEE - Southern Cross Electrical Engineering Ltd. published this content on 05 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 06:37:06 UTC.