CEN
23/10/2015 10:12
GENERAL
NOT PRICE SENSITIVE
REL: 1012 HRS Contact Energy Limited
GENERAL: CEN: Zero Commission NZ Limited - Unsolicited Offer
23 October 2015
Zero Commission NZ Limited - Unsolicited Offer
Contact Energy Limited (Contact) advises that Zero Commission NZ Limited
(Zero Commission) has notified Contact of its intention to write to selected
Contact shareholders with an offer to buy their shares at $4.75 per share.
The market price for Contact shares was $5.10 per share as at close of
trading on 22 October 2015, so the offer is 6.9% lower than the closing price
on that date.
Zero Commission's offer is expected to open on 23 October 2015 and close on
23 November 2015. Contact shareholders should be aware that Zero Commission
has indicated that they intend to make an unsolicited offer on the same or
similar terms within six months of the original offer.
Contact does not endorse this offer, or any subsequent offers made by Zero
Commission to purchase shares at a discount to the prevailing market price.
Contact recommends that shareholders who receive an offer from Zero
Commission:
- read Zero Commission's disclosure document and offer terms carefully;
- seek independent financial and/or legal advice if they are uncertain about
the offer; and
- check Contact's most recent share price at
www.nzx.com/markets/NZSX/securities/CEN
Shareholders are under no obligation to accept Zero Commission's offer or to
take any other action. Unsolicited share offers are subject to the Financial
Markets Conduct Regulations 2014. Under these regulations, unsolicited offers
must be made within a clear and concise disclosure document that outlines
certain prescribed information. Shareholders have the right to cancel any
acceptance of the offer up to 10 working days after the date of their
acceptance.
ENDS
For further information please contact:
Fraser Gardiner
Head of Investor Relations and Strategy
021 228 3688
End CA:00272246 For:CEN Type:GENERAL Time:2015-10-23 10:12:43
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
