TWR 0.00% 79.5¢ tower limited ordinary shares

Ann: ALLOT: TWR: Allotment of Shares

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    TWR
    23/05/2013 09:06
    ALLOT
    
    REL: 0906 HRS Tower Limited
    
    ALLOT: TWR: Allotment of Shares
    
    23 May 2013
    
    Market Information
    NZX Limited
    Level 2, NZX Centre
    11 Cable Street
    Wellington
    New Zealand
    
    Company Announcements Office
    Australian Stock Exchange Limited
    Exchange Centre
    Level 6, 20 Bridge Street
    Sydney NSW 2000
    Australia
    
    Notice of allotment of shares
    
    In accordance with NZSX Listing Rule 7.12.1, TOWER advises it has allotted
    200,000 shares following the exercise of 200,000 options by a former employee
    of TOWER under the TOWER Limited Executive Option Plan. The details are:
    
    a. Class of security issued: ordinary shares. ISIN NZTWRE0001S3
    b. Number Issued: 200,000
    c. Issue price: $1.79 (being the average weighted sale price of an ordinary
    share in TOWER on the NZX over the five trading days immediately preceding
    the date of exercise of the options)
    d. Payment Terms: Cash
    e. Amount paid up: $1.79 per share
    f. Percentage of total class: 0.10%
    g. Reason for issue: Exercise of options
    h. Authority for the issue: Executive share option plan
    i. Terms of issue: Not applicable
    j. Number of securities in existence after issue: 207,793,438  (being
    207,193,438 ordinary shares on issue and 600,000 options)
    k. Not applicable
    l. Date of issue: 23 May 2013
    
    In accordance with ASX Listing Rule 3.10.5, an Appendix 3B announcement is
    attached.
    
    Disclosure notices and an Appendix 3Y notice in relation to the change in the
    number of options and shares held by the trustee of the TOWER Limited
    Executive Option Plan are also attached.
    
    Bronwyn Walsh
    Company Secretary & Compliance Manager
    TOWER Limited
    ARBN 088 481 234 Incorporated in New Zealand
    End CA:00236542 For:TWR    Type:ALLOT      Time:2013-05-23 09:06:11
    				
 
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