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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 :
After market close on 25 May 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.
