Announcement
MKTUPDTE: VCT: Update and Withdrawal of Guidance
11:55am
VCT
31/03/2020 11:55
MKTUPDTE
NOT PRICE SENSITIVE
REL: 1155 HRS Vector Limited
MKTUPDTE: VCT: Update and Withdrawal of Guidance
Vector confirms that a number of its businesses are considered to be
essential businesses and continue to operate under COVID-19 Alert Level 4,
these include:
o Electricity distribution to Auckland customers
o Natural gas distribution to 110,000 Auckland homes
o Fibre network services
o LPG and natural gas sales and distribution (including the nationwide
distribution of bottled LPG gas)
o Metering fault resolution, safety disconnections and reconnections
Vector also confirms that it will be paying the 8.25 cents per share interim
dividend as scheduled on 8 April 2020.
Given the fluid nature and inherent uncertainty of the COVID-19 situation,
the Board has determined that it is prudent to withdraw the FY20 earnings
guidance and place this under review until such time that the impact on
earnings can be properly assessed.
ENDS
Investor contact
Jason Hollingworth, Chief Financial Officer, Vector
Jason.hollingworth@vector.co.nz, 021 312 928
Media contact
Sarah Williams, Chief Marketing and Communications Officer, Vector
Sarah.williams@vector.co.nz, 021 928 125
About Vector
Vector is New Zealand's leading network infrastructure company which runs a
portfolio of businesses delivering energy and communication services to more
than one million homes and commercial customers across the country. Vector is
leading the country in creating a new energy future for customers and
continues to grow and invest in the growth of Auckland, and in a wide range
of activities and locations. Vector is listed on the New Zealand Stock
Exchange with ticker symbol VCT. Our majority shareholder, with voting rights
of 75.1%, is Entrust. For further information, visit www.vector.co.nz
End CA:00350984 For:VCT Type:MKTUPDTE Time:2020-03-31 11:55:29
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