- Release Date: 24/06/15 15:14
- Summary: GENERAL: TWR: TOWER advises impact of recent storm event
- Price Sensitive: No
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TWR 24/06/2015 15:14 GENERAL NOT PRICE SENSITIVE REL: 1514 HRS Tower Limited GENERAL: TWR: TOWER advises impact of recent storm event 24 June 2015 Market Information NZX Limited Level 2, NZX Centre 11 Cable Street Wellington New Zealand Company Announcements Office Australian Securities Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 Australia TOWER advises impact of recent storm event TOWER Limited (NZX/ASX: TWR) said today that it has received more than 200 claims related to the recent storm that affected the west coasts of the upper South Island and the lower North Island. Chief Executive Officer David Hancock said that TOWER was working hard to assist impacted customers, bringing in extra assessors and claims staff to help get people back into their homes as quickly as possible. TOWER anticipates the financial impact of the storm to be between $2.6m and $5.8m after tax. The financial impact of the event has been reduced by the reinsurance programme, which limits the potential impact to $5.8m after tax. The safety of customers is TOWER's top priority, and those requiring assistance should call TOWER on 0800 379 372 to lodge a claim, or visit www.tower.co.nz to lodge a claim online. ENDS For investor queries, please contact: Brett Wilson Chief Financial Officer TOWER Limited Mobile: +64 21 616 035 ARBN 088 481 234 Incorporated in New Zealand For media queries, please contact: Tracey Palmer Head of Corporate Communications Mobile: +64 21 837 860 Email: [email protected] End CA:00266109 For:TWR Type:GENERAL Time:2015-06-24 15:14:40
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