NPX
23/06/2015 09:30
BUYBACK
PRICE SENSITIVE
REL: 0930 HRS Nuplex Industries Limited
BUYBACK: NPX: Share Buy-Back Trading Procedures Updated
NZX/ASX release 23 June 2015
On-market 5% Share Buy-Back Trading Procedures Updated
Nuplex Industries Board of Directors has announced that in addition to the
trading procedures announced on 18 March 2015, the following Governance
procedure has been adopted.
o Nuplex will cease the buy-back once Board papers for upcoming Board
meetings have been distributed to Directors, and until the conclusion of the
Board meeting.
In regard to the June 2015 Board meeting, this has resulted in the current
buy-back program being suspended on and from Friday 19 June 2015. This
suspension will continue until 30 June 2015 coinciding with the testing of
the Executive Long-Term Incentives in the lead up to year-end.
E James Williams
Company Secretary
_________________________________________
Extract of 18 March 2015 announcement "Update in relation to on-market share
buy-back"
To ensure that Nuplex does not unduly influence the price of its shares when
acquiring shares under the buy-back, the following trading procedures will be
applied:
o Nuplex will only purchase shares through the NZX order matching system;
o Nuplex will not purchase more than 25% of the trading volume over any 5 day
trading period;
o Nuplex will not take part in the opening transaction of any day and will
not trade in the last 15 minutes of the trading day; and
o Nuplex will not purchase shares under the buy-back at a price which is more
than 5% above the average volume weighted market price for the Company's
shares (calculated with reference to the volume weighted market price of the
Company's shares during the last five days on which sales in those shares
were recorded prior to the day on which a purchase under the buy-back is
made).
The Nuplex Board may from time to time change any of the trading procedures
referred to above or add any additional trading procedures.
As required by the exchanges, Nuplex will make daily announcements of any
shares bought back under the buy-back.
The timing and actual number of shares purchased under the buy-back will
depend on the prevailing share price, market conditions and other
considerations. All shares purchased under the buy-back will be cancelled.
End CA:00266022 For:NPX Type:BUYBACK Time:2015-06-23 09:30:22
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