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Works Finance (NZ) Limited Analysis
Overview
Works Finance (NZ) Limited is a wholly owned subsidiary of Downer EDI Limited and was formed for the purpose of issuing ROADS.
There are 200,000,000 ROADS on issue at a price of $1 each. First dividend payment was set as the 15th of June 2007 with subsequent payment dates being 15 June, September, December and March of each year until maturity.
The proceeds from the issue of ROADS were invested in Redeemable Preference Shares of Downer EDI Works Limited.
Performance
No performance was provided by the company.
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