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
