Channel Infrastructure NZ issues new shares via dividend reinvestment plan
Channel Infrastructure NZ Limited (NZX:CHI) has issued 2,193,529 new ordinary shares, increasing its total ordinary shares in circulation to 412,198,231. This capital change, effective September 24, 2025, represents a 0.54% increase in the total class of financial products. The shares were issued at NZD 2.2995 per security and are fully paid.
The issuance is a result of the dividend reinvestment plan, which allows shareholders to reinvest their dividends for the 2025 interim dividend, payable on September 24, 2025. This action was authorized by a board resolution dated August 25, 2025, and aligns with NZX Listing Rule 4.8.1. The newly issued shares rank equally with all existing ordinary shares.
Chris Bougen, general counsel and company secretary, is the contact person for this announcement.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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