Announcement
MKTUPDTE: NWF: Q1 FY2023 DIVIDEND AND MARKET UPDATE
11:03am
NWF
08/12/2022 11:03
MKTUPDTE
PRICE SENSITIVE
REL: 1103 HRS NZ Windfarms Limited
MKTUPDTE: NWF: Q1 FY2023 DIVIDEND AND MARKET UPDATE
8 December 2022
NZX Announcement
For immediate release
NZ WINDFARMS LIMITED: Q1 FY2023 DIVIDEND AND MARKET UPDATE
Q1 FY2023 Dividend
NZ Windfarms Ltd (NZX code: NWF) is pleased to announce an unimputed FY2023
Q1 dividend of $0.0005 per share. The Board has taken the prudent approach to
maintain higher cash levels to cover expected costs from repower consenting
and feasibility workstreams. The Company's dividend policy provides for
quarterly dividends of 70% to 100% of free cash flow. For more details please
refer to the accompanying NZX distribution notice also released today.
Market Update
Guidance issued on 29 August 2022 estimated EBITDAF to be in the range of
$5.0m - $6.5m. This guidance range is reaffirmed today with the next
scheduled market update to occur in February 2023 with the release of the
Company's interim results or if a material event occurs.
Following on from NZ Windfarms NZX announcement "Application Submitted for
Fast-Track Consent - TRH Repower" on 17 November 2022, the Fast Track Consent
Application and related correspondence is now available on the Environmental
Protection Authority's (EPA) website
https://www.epa.govt.nz/fast-track-consenting/referred-projects/te-rere-hau-w
ind-farm-repowering/ A link to this information is also available on NWF's
website www.nzwindfarms.co.nz
On behalf of the Board and management, I would like to wish everybody a Merry
Christmas and a prosperous New Year.
For further information, contact Warren Koia, Chief Executive, by phone on 06
280 2773, or by email at info@nzwindfarms.co.nz
Nga mihi | Thank you
Craig Stobo
Chairman
End CA:00403785 For:NWF Type:MKTUPDTE Time:2022-12-08 11:03:33
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