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- Release Date: 05/09/12 10:49
- Summary: BONUS: CEN: Profit Distribution Plan-Strike Price and Bonus Issue Ratio
- Price Sensitive: No
- Download Document 1.49KB
CEN
05/09/2012 08:49
BONUS
REL: 0849 HRS Contact Energy Limited
BONUS: CEN: Profit Distribution Plan-Strike Price and Bonus Issue Ratio
5 September 2012
Profit Distribution Plan - Strike Price and Bonus Issue Ratio
Contact Energy Limited advises that the final strike price per non-taxable
bonus share to be issued pursuant to the company's 2012 final distribution
under the Profit Distribution Plan is $4.87565121.
The Bonus Issue Ratio is calculated as follows:
Distribution amount per share: $0.12
Volume weighted average sale price of Contact Energy shares on NZSX (for the
period 29 August to 4 September 2012 inclusive): $4.87565121
Discount applicable: Nil
Strike Price: $4.87565121
The Bonus Issue Ratio is calculated as $0.12 / 4.87565121
The Bonus Issue Ratio is therefore 0.02461210 bonus shares for every one
share held.
Contact gives notice in accordance with Rule 7.6.2 that pursuant to the Plan
it will buy back up to a maximum of 17,728,186 of its ordinary shares, being
the total number of non-taxable bonus shares to be issued in respect of the
final distribution, on 21 September 2012.
Shareholders are reminded that the cut-off time for receipt by Link Market
Services Limited of buy back offer acceptance notices is 12 noon on Friday 14
September 2012. Shareholders wishing to retain the bonus shares to be issued
to them under the Plan do not need to take any action.
An updated Appendix 7 has been provided to NZX.
ENDS
End CA:00226927 For:CEN Type:BONUS Time:2012-09-05 08:49:35
