- Release Date: 30/06/14 17:13
- Summary: CAPREC: MCK: MEMO: MCK and MCKPA Capital Reconstruction and ISIN changes
- Price Sensitive: No
- Download Document 2.16KB
MCK 30/06/2014 17:13 CAPREC REL: 1713 HRS Millennium & Copthorne Hotels New Zealand Limited CAPREC: MCK: MEMO: MCK and MCKPA Capital Reconstruction and ISIN changes MEMORANDUM To: Market Participants From: NZX Client and Market Services Date: 30 June 2014 Subject: Millennium and Copthorne Hotels New Zealand Limited ("MCK") Capital Reconstruction and ISIN changes Message: On Wednesday, 4 June 2014, Millennium and Copthorne Hotels New Zealand Limited (MCK) announced a proposed capital reduction of approximately 70% of Ordinary Shares and approximately 70% of Preference Shares through the distribution in specie of First Sponsor Group Limited ("FSGL") Shares to shareholders, subject to (among other things*) Court approval and special resolutions being passed at a special meeting of shareholders held on Thursday, 19 June 2014. Shareholder approval was obtained on Thursday, 19 June 2014. MCK is still seeking High Court approval, which is expected to be obtained on Thursday, 10 July 2014. The reduction of capital will be on a pro-rata basis, with 698 for every 1,000 Ordinary or Preference Shares held cancelled at the Record Date. For every 698 cancelled Ordinary or Preference Shares, holders will receive 327 shares in FSGL. Adjusted MCK shares and MCKPA preference shares will be available at the registry on the morning of the first business day after the Record Date and Scheme Effective Date. In order for the reduction in capital to be processed and for trading on the NZX Main Board to continue, temporary ticker codes ("MCKZ", "MCKPAZ") with the ISINs NZMCKE0004S9 and NZMCKE0005S6 respectively will be created. MCKZ and MCKPAZ will be used from the Ex Date until market close on the Record Date. On Friday, 18 July 2014, trading will resume using the original Millennium and Copthorne Hotels New Zealand Limited ticker codes (MCK, MCKPA) with the new ISINs NZMCKE0004S9 and NZMCKE0005S6 respectively. At this time, trading in MCKZ and MCKPAZ will cease. A timetable of expected events is detailed in the attached. Please contact Client and Market Services on +64 4 496 2853 or [email protected] with any queries. ENDS End CA:00252242 For:MCK Type:CAPREC Time:2014-06-30 17:13:55
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- Ann: CAPREC: MCK: MEMO: MCK and MCKPA Capital Reconstruction and ISIN changes
Ann: CAPREC: MCK: MEMO: MCK and MCKPA Capital Reconstruction and ISIN changes
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Last
$1.66 |
Change
-0.070(4.05%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
$1.70 | $1.71 | $1.66 | $11.89K | 6.965K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 7 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.75 | 128 | 0 |
Last trade - 11.00am 04/10/2024 (20 minute delay) ? |
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