Frequently Asked Questions
Below is a selection of commonly asked questions grouped into three categories. Please click on the appropriate category to jump to this area.
What are the key areas of business within Cavalier Corporation?
Cavalier Corporation operates two broadloom carpet businesses, a carpet tile business, a yarn business and a wool procurement business. It has a 50% interest in New Zealand's only commission wool scouring business, cavalier Wool Holdings Ltd.
What companies trade within the Cavalier Corporation group?
The companies operating within the group include:
- Cavalier Bremworth Ltd
- Knightsbridge Carpets Ltd
- Norman Ellison Carpets Ltd
- Elco Direct Ltd
- Radford Yarn Technologies (75% owned)
- Ontera Modular Carpets Pty Ltd (96.75% owned)
- Cavalier Bremworth Pty Ltd
- Kimberley Carpets Pty Ltd
- Norman Ellison Carpets Pty Ltd
How often does the Company report its results?
The company reports twice yearly. The annual result is announced in August and the half-year result in February.
What ticker is used for Cavalier on the stock exchange?
On the NZX, Cavalier Corporation is listed as CAV.
What is the company's dividend policy?
Cavalier Corporation usually pays dividends three times a year as follows:
- First interim announced at the annual meeting in early November and payable in early December.
- Second interim announced together with the half year result in mid-February and payable in early March.
- Final dividend announced together with the annual result in late August and payable in early October
Do the dividends carry any imputation or other tax credits?
Cavalier Corporation seeks to ensure that its dividends have full New Zealand taxation credits attached, though there is no assurance that tax credits will be available.
How are dividends paid?
Payments may be made either by cheque or direct credit to New Zealand bank accounts or in the form of additional shares as part of the Dividend Reinvestment Plan. When a dividend is paid, shareholders will receive a dividend advice at their registered address stating the amount they have been paid as well as information to assist in the completion of their tax return, if they are required to file one. Computershare can also provide a consolidated Dividend and Interest Notice showing all dividend and interest paid during the tax year by companies for which they act. This statement is available soon after 1 April each year by contacting Computershare. A fee is payable to Computershare.
Does the company have a Dividend Reinvestment Plan?
The Company has a Dividend Reinvestment Plan. The terms and conditions of the plan and how you can join can be viewed by downloading theDividend Reinvestment Plan .
What is the best way to have my dividends paid to me?
We strongly recommend payment by direct credit to your bank account as the safest and quickest way to receive "cash" dividends. If you wish to add or change your banking details, click here to go to Computershare's Investor Centre or print and complete the Direct Credit Payment Form and fax or post it to Computershare at the address below. For added protection you should include a bank deposit slip with the form.
Computershare Investor Services Ltd
Private Bag 92119
Auckland Mail Centre 1142
Who do I contact with questions about Cavalier Corporation dividends?
You should contact Computershare on 09 488 8777.
What do I do if my dividend cheque has been lost or stolen?
If you have lost a dividend cheque or think it has been stolen, you will need to send a fax or letter to Computershare, requesting that the cheque be cancelled and reissued.
If you have a dividend cheque that was issued more than six months ago, it will no longer be accepted by the bank. You will need to return the cheque to Computershare with a request to cancel the cheque and reissue the payment.
Who is Cavalier Corporation's share registrar and how do I contact them?
The Company's share registrar is Computershare Investor Services Ltd, Private Bag 92119, Auckland 1142. Phone 09 488 8700. Or visit the Computershare website.
What is a CSN?
This is a 'Common Shareholder Number' issued by the NZX to identify an individual shareholder who may have holdings managed by more than one sharebroker. Please contact your sharebroker to arrange one if required.
What is a FIN?
Your FIN (Faster Identification Number) is a security device, which operates in a similar way to a PIN on a bank account. You should keep your FIN in a safe place or commit it to memory. You will need to advise your sharebroker of your FIN when you wish to sell some shares.
What is Faster?
FASTER stands for Fully Automated Screen Trading and Electronic Registration. In simple terms, FASTER is the system the NZX uses for the electronic transacting of share purchases and sales.
What do I do if my FIN is lost or stolen?
If you think your FIN has been stolen or if you want to change your FIN for any reason, you should contact your sharebroker who can do this for you. You may either specify the 4 digit number you wish to have as your new FIN or you may allow FASTER (the NZX Fully Automated Screen Trading and Electronic Registration system) to generate a new random number for you. In either case the registry will mail confirmation of the new FIN to the address they have recorded for you on the register. As your FIN is confidential they will not verbally advise you of the number.
What do I do if I change my address?
If you wish to update the address held on the share register, you should print off and fill out a Change or Correction of Address Form. Once complete, fax or post it to Computershare (the details are on the form). You may also use the change of address card supplied by NZ Post. New Zealand law does not currently recognise electronic signatures, so we are unable to accept an email advising us of a change of address.
What do I do if I change my name?
If you wish to change the registered name on your shareholding, please state the change in writing and forward to Computershare with the following information:
- your shareholder number, CSN, old name and registered address, your new name in full and your signature in your new name (in the case of an individual)
- Supporting documentation for the change is as follows:
- Marriage: Marriage Certificate
- Divorce: Marriage Certificate AND Decree Nisi
- Return to maiden name (divorce not necessary):
- Marriage Certificate and Change of Name Statutory Declaration Form
- Name change for other reasons: Certificate of Change of Name or Amended Birth Certificate
- Your shareholder number, CSN and Certificate of Incorporation showing change of name (in the case of a company)
How do I advise Computershare of my IRD Number?
If your IRD number was not shown on your last Dividend Advice and you need to advise Computershare of this number, please send them a fax or letter stating the following:
- your full name and address
- your shareholder number (from a Shareholder FASTER Statement)
- your IRD number
- signatures of all the shareholders
Please note that the provision of your IRD number will not change the rate at which dividends are taxed but may alter the rate of tax for interest.
How do I transfer my shares to someone else?
If you wish to transfer shares into the name of another person or entity, you may arrange an off-market transfer, also known as a standard transfer. Download and complete an Off Market Transfer Form and fax or post to Computershare.
How do I buy or sell shares?
If you wish to buy Cavalier Corporation shares on the NZX, you will need to contact a licensed sharebroker to arrange the transaction. There are many sharebrokers to choose from, most of whom are listed in the Yellow Pages or on the NZX website.
What is a Security Reference Number (SRN) and how do I find out what my SRN is?
Issuer Sponsored holders are allocated two unique identification numbers - an SRN and a Holder Number. The SRN provides a higher level of security (similar to a credit card PIN); it is only shown on Issuer statements and must be provided to your broker when buying or selling shares. The unique holder number is quoted on other correspondence and cannot be used to sell your holding.
How can I check my shareholding?
You can do this via the Computershare website or by phoning Computershare on 09 488 8777.