Q. I am a non-resident; in the event that PGG Wrightson pays dividends how are my dividends taxed?
Non-resident withholding tax (NRWT) is deducted from dividends paid to shareholders who are not tax residents of New Zealand. New Zealand has tax treaties with many other countries, and for residents of those countries NRWT is deducted at 15%. For residents of other countries, NRWT is deducted at 30%. For more information about NRWT and non-resident tax obligations, visit Inland Revenue’s website.
Q. I am executor for a PGG Wrightson shareholder who has passed away. What do I need to do?
The deceased person’s PGG Wrightson shares will form part of the estate to be distributed according to their will if the deceased has made one. There is more information about this on the Computershare Investor Centre website at www.computershare.co.nz/investorcentre
Q. How are the Directors on the PGG Wrightson board appointed?
They are elected by shareholders at the annual meeting. At each annual meeting, one third of the Directors (or the nearest number to one third) shall retire from office. Retiring Directors shall be eligible for re-election if they put themselves forward. More information on how the board is appointed is available under Corporate Governance policies.