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- Release Date: 05/12/13 16:29
- Summary: BUYBACK: IFT: Infratil completes on-market buyback
- Price Sensitive: No
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IFT
05/12/2013 14:29
BUYBACK
REL: 1429 HRS Infratil Limited
BUYBACK: IFT: Infratil completes on-market buyback
The results of the on -market buyback conducted by Infratil Limited today are
as follows:
Class of security: Ordinary shares
ISIN: NZIFTE0003S3
Number of shares acquired: 24.8 million ordinary shares
Final buyback price: NZ$2.38 per share
Date acquired: 5 December 2013
Payment: In cash
Percentage of the total class of securities issued (after the acquisition):
4.42%
Reason for the acquisition: As per announcement on 15 November 2013
Specific authority for the acquisition: Shareholder approval dated 15 August
2011 and board resolution dated 12 November 2013
Total number of ordinary shares in existence after the acquisition:
586,731,916
Total number of ordinary shares in existence after acquisition and deduction
of treasury stock: 561,434,511
Treasury stock: Shares acquired will be held as treasury stock.
All offers at the final buyback price will be scaled in accordance with the
terms of the on-market buyback announced on 15 November 2013.
Shareholders who offered shares are expected to be notified of their final
participation in the buyback by their NZX participant share broker from 6
December 2013.
Settlement will take place on 10 December 2013.
Kevin Baker
Chief Financial Officer
End CA:00244790 For:IFT Type:BUYBACK Time:2013-12-05 14:29:17
