PGC

Frequently Asked Questions

Shares and Dividends

Who is PGC’s share registrar?
Link Market Services Limited manages PGC’s share registry.
Their contact details are below.

Link Market Services Limited
PO Box 384, Ahsburton

T 03 308 8887
F 03 308 1311
E Send an Email
W www.linkmarketservices.com
What is PGC’s ticker on the NZX?
PGC.
What is PGC’s current share price?
PGC’s current share price is displayed on the homepage of our website.
How can I find out how much my PGC shares are worth?
To find out the value of your shares you need to multiply the number of shares you hold (holding balance) by the current market price. You can check your current holding balance by clicking here.
How can I buy shares in PGC?
You will need to contact a sharebroker or financial adviser. If you do not have a broker, you can view a list of brokers in your area on the NZX website. Click here to go to the NZX site. A sharebroker will explain how you can buy shares in PGC
How do I sell my shares in PGC?
To sell your shares, you will need to contact your sharebroker or financial adviser. If you do not have a broker, you can view a list of brokers in your area on the NZX website. Click here to go to the NZX site. A sharebroker will explain how you can sell your shares in PGC.
Can I transfer my PGC shares to someone else?
Yes. For a private arrangement to transfer shares, you need to complete an off-market transfer form. Click here for the off-market transfer form.
My name is wrong on my share certificate, what should I do?
You can correct your details through the Link Market Services website. Click here to go to Link Market Services’ site.
How do I change the bank account my dividends are paid into?
You can update your bank account online through Link Market Services (PGC share registrar). Click here to go to Link Market Services’ site.
How can I find out how much I’ve received in dividends from PGC?
You can check your dividend record online through the Link Market Services website. Click here to go to Link Market Services’ site.
Do you send me a dividend statement each year?
Yes, Link Market Services (PGC’s share registrar) will send you a statement after the end of each financial year (31 March) showing the dividend paid, tax deducted and any tax credits attached to the dividend.
How are my dividends taxed?
The basic tax requirement is for companies to deduct resident withholding tax (RWT) from dividends paid, unless they have full imputation credits attached (see below). PGC has a policy of attaching full imputation credits to dividends paid, so we do not need to deduct RWT as well. This means that in effect the company has already paid tax on the dividends. You will only need to pay more tax on your dividends if your income is above the $60,000 threshold for the 39c tax rate. If your tax rate is below 33% you may be due a refund.


Imputation credits are shown on the dividend statement you receive each year.
What are imputation credits?
Companies pay tax on their profits. Some or all of the profits are distributed to shareholders as dividends. Because tax has already been paid on that money, it is not fair to tax it again in the shareholders’ hands. To avoid this, companies can give shareholders a credit for the tax they have already paid on the dividends. This is called imputation credit.
Imputation credits are shown on the dividend statement you receive each year.
I am a non-resident; 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%.

PGC has a policy of attaching supplementary dividends to the dividends paid to non-residents, so that the cash dividend received is the same as that received by New Zealand resident shareholders.

For more information about NRWT and non-resident tax obligations, visit Inland Revenue’s website, www.ird.govt.nz.
Do I have to show my dividends in a tax return?
If all of your income (including dividends) has been taxed at the correct rate before you receive it, you may not need to file a tax return. To check whether you need to file, visit Inland Revenue’s website. Click here to go to Inland Revenue’s website.

If you do need to file an IR 3 tax return, you must include the dividends received from PGC for the financial year. The amount of dividend and the imputation credits are shown on the dividend statement we send you.
I am executor for a PGC shareholder who has passed away. What do I need to do?
The deceased person’s PGC shares will form part of the estate to be distributed according to their will. There is more information about this on the Link Market Services website. Click here to go to Link Market Services’ site.

Board of Directors

How are the directors on the PGC board appointed?
They are elected by shareholders at the annual meeting. At each meeting, one-third of the directors retire from the board, but are able to be re-elected if they put themselves forward. For more details on how the board is appointed, click here.
How often does the PGC board meet?
The board schedules 11 meetings each year, and additional meetings may be called if needed.
What does the PGC board of directors do?
The directors are responsible for the overall direction and strategy of PGC, as well as corporate governance. For more details on the board’s functions, click here.