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- Release Date: 08/04/14 12:37
- Summary: BUYBACK: MET: Notification of buyback of executive shares
- Price Sensitive: No
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MET
08/04/2014 10:37
BUYBACK
REL: 1037 HRS Metlifecare Limited
BUYBACK: MET: Notification of buyback of executive shares
NOTIFICATION OF BUYBACK OF EXECUTIVE SHARES
Metlifecare Limited (NZX: MET, ASX: MEQ) (the Company) has issued shares
today to members of its executive team under its restricted share plan
(Plan).
In addition to the issue of new shares, a participant in the Plan who was
allotted shares in 2012 has ceased employment with the Company during the
period while the shares were held in trust for him. The directors have
therefore authorised the Company to exercise a call option in respect of the
100,000 shares held by Metlifecare LTIP Trustee Limited for that employee. As
the buyback has been carried out under the Companies Act 1993, there is no
requirement to lodge any ASX appendices under the ASX Listing Rules.
The buyback has been effected off-market today.
ENDS
About Metlifecare
Metlifecare is a publicly-listed aged care and retirement lifestyle company.
Established in 1984, the company has a proven track record of successfully
owning and managing retirement villages in New Zealand. Metlifecare currently
owns villages in prime locations throughout the North Island of New Zealand,
with most providing a full continuum of care from independent villas and
apartments through to serviced apartments, rest homes and hospitals.
For more information, please contact:
Andrew Peskett
General Counsel & Company Secretary
Phone: +64 9 539 8000
www.metlifecare.co.nz
End CA:00249253 For:MET Type:BUYBACK Time:2014-04-08 10:37:59
