Share
- Release Date: 10/05/12 19:00
- Summary: CAPREC: NZX: NZX receives approval from High Court for return of capital
- Price Sensitive: No
- Download Document 1.35KB
NZX
10/05/2012 17:00
CAPREC
REL: 1700 HRS NZX Limited
CAPREC: NZX: NZX receives approval from High Court for return of capital
NZX Limited receives approval from High Court for return of capital
10 May 2012 - NZX Limited ("NZX") advises that the High Court has today
granted orders approving the return of approximately $34.4 million of capital
to shareholders, on a pro rata basis, by way of a scheme of arrangement
pursuant to Part XV of the Companies Act 1993.
The return of capital was approved by shareholders at NZX's annual meeting on
30 April 2012.
The order from the High Court was submitted to the New Zealand Companies
Office today.
The Record Date for the capital return will be 5.00pm, 25 May 2012.
On 1 June 2012, every holder of ordinary shares registered at 5.00pm on the
Record Date will receive $2.85 for each share cancelled, or approximately
$0.285 per share held.
One share in every ten NZX shares registered in the name of each shareholder
at the Record Date 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).
NZX will undertake a seven-for-three share split immediately after the return
of capital has been effected (based on post-cancellation balance).
The key dates are as attached.
ENDS.
End CA:00222731 For:NZX Type:CAPREC Time:2012-05-10 17:00:48
