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- Release Date: 26/10/12 11:49
- Summary: BUYBACK: AIR: Notification of Acquisition of Securities - 26 October 2012
- Price Sensitive: No
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AIR
26/10/2012 09:49
BUYBACK
REL: 0949 HRS Air New Zealand Limited (NS)
BUYBACK: AIR: Notification of Acquisition of Securities - 26 October 2012
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, this
notice concerns those securities in Air New Zealand Limited ("Air NZ") that
have been acquired on market by Air NZ. Details of the acquisition are as
follows:
a) Class of security and ISIN Ordinary shares (NS) ISIN NZAIRE0001S2
b) Number of securities acquired 140000 (held as Treasury Stock)
c) Average consideration per security $1.2373
acquired
d) Payment in cash Yes
e) Any amount paid up (if not in full) Not applicable
f) Percentage of total class of securities 0.013%
acquired
g) Reason for acquisition The Board of Air NZ decided to undertake
the share buyback as it believes that the current share price does not fairly
reflect the underlying value of Air NZ's shares.
h) Specific authority for the acquisition Directors' resolution
i) Any terms of the acquisition Not applicable
j) Total number of securities of the class
after acquisition
Total Ordinary Shares 1,100,824,118
Less Treasury Stock 1,057,242
Total Ordinary Shares after acquisition 1,099,766,876
k) Treasury Stock Yes
l) Date of acquisition 25/10/2012
End CA:00228903 For:AIR Type:BUYBACK Time:2012-10-26 09:49:49
