Further to the announcements released by NZX on 20 February 2012 and 10 May 2012, regarding the compulsory buyback/cancellation and share split, NZX Market Supervision (“NZXMS”) confirms the following :
On 1 June 2012, one share in every ten NZX shares registered in the name of each shareholder at the Record Date (5pm, 25 May 2012) will be cancelled. Fractions of a share will be rounded up or down to the nearest whole number (with half a share being rounded up) For each share cancelled, the shareholder will receive a cash payment of $2.85, or approximately $0.285 per share held.
Immediately after this cancellation, NZX will undertake a seven-for-three share split.
The Key dates for these
Ex Date for share buyback/cancellation
Wednesday, 23 May 2012
Ex Date for share split
Wednesday, 23 May 2012
Record Date for share buyback/cancellation
5.00pm Friday, 25 May 2012
Record Date for share split
5.00pm Friday, 25 May 2012 (to occur immediately after share buyback/cancellation)
Payment Date for share buyback/cancellation Friday, 1 June 2012:
If you have any further queries, please contact CMS on 04 496 2853.
