Buy 50T 430 Last 433 4 0.9% 5:36 pm High 434 Open 429 Volume 1,217,097 433 Sell 4.5T Low 426 Prev. Close 429 Turnover $5,230,042
RE: 4.62781 placement 1/7/2002 calendar TEL chessplayer 2/6/02 10:43:05 PM RE: 4.62781 placement 1/7/2002 calendar TEL ilrobbinrosso 22/5/02 6:17:39 PM 4.62781 placement 1/7/2002 calendar TEL ilrobbinrosso 21/5/02 11:55:19 AM banned for Tel did I say something wrong? viking116 17/5/02 5:44:11 AM 1st of July Important date in Tel's calander bullboard121 14/5/02 2:58:08 PM
http://www.oanda.com/convert/classic --------------------------------------------------------------------- Tuesday, May 21, 2002 5.50 New Zealand Dollar = 4.62781 Australian Dollar 5.50 Australian Dollar (AUD) = 6.53657 New Zealand Dollar (NZD) --------------------------------------------------------------------- TELECOM CORPORATION OF NEW ZEALAND LIMIT 2001-05-23 ASX-SIGNAL-G --------------------------------------------------------------------- HOMEX - Sydney --------------------------------------------------------------------- +++++++++++++++++++++++++ MEDIA RELEASE --------------------------------------------------------------------- Telecom New Zealand announced today that overnight it has entered into arrangements to raise NZ$500 million in new equity through a placement of 91 million new ordinary shares with institutional investors in New Zealand, Australia and internationally. --------------------------------------------------------------------- The Company has agreed to issue the new shares at a price of NZ$5.50per share. These shares will rank equally with existing Telecomshares. --------------------------------------------------------------------- Chief Financial Officer Marko Bogoievski said Telecom has taken an opportunity to raise new equity and strengthen its balance sheet. --------------------------------------------------------------------- "This is a prudent course for the Company as we invest for growth," Mr Bogoievski said. ""A share placement of this type is currently the most efficient means of strengthening our balance sheet and ensuring Telecom has the financial flexibility to support its growth strategies. The proceeds will be used to repay short-term debt." --------------------------------------------------------------------- The shares in the placement have not been, and will not be, registered under the United States Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements. --------------------------------------------------------------------- Further information: Martin Freeth Telecom New Zealand Tel: 64 4 498 9361 Mob: 025 242 0174
SPK Price at posting:
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