Ann: BUYBACK: AIR: Air New Zealand - Share Buy-Ba

• Release Date: 27/09/13 19:02
• Summary: BUYBACK: AIR: Air New Zealand - Share Buy-Back
• Price Sensitive: No
• Download Document  3.66KB

					AIR
27/09/2013 17:02
BUYBACK

REL: 1702 HRS Air New Zealand Limited (NS)

BUYBACK: AIR: Air New Zealand - Share Buy-Back

Attached is a copy of Appendix 3C (as required by ASX Listing Rule 3.8A) in
respect of the continuation of Air NZ's buy back that has just been
announced.

Ends.

Rule 3.8A
Appendix 3C
Announcement of buyback
(except minimum holding buyback)

Information and documents given to ASX become ASX's property and may be made
public.
Introduced 1/9/99.  Origin: Appendix 7B.  Amended 13/3/2000, 30/9/2001,
11/01/10

Name of entity  ABN
  Air New Zealand Limited (the "Company")   70 000 312 685

We (the entity) give ASX the following information.

Information about buyback

1 Type of buyback
 On-market buyback (NZSX and ASX)

2 +Class of shares/units which is the subject of the buyback (eg,
ordinary/preference)
 Ordinary

3 Voting rights (eg, one for one)
 One for one

4 Fully paid/partly paid (and if partly paid, details of how much has been
paid and how much is outstanding)
 Fully paid

5 Number of shares/units in the +class on issue
 1,106,524,270 (which is made up of 1,097,756,475 outstanding ordinary shares
and treasury stock of 8,767,795 ordinary shares)

6 Whether shareholder/unitholder approval is required for buyback
 No

7 Reason for buyback

 The Board has decided to extend its share buyback programme as it believes
that the current share price does not fairly reflect the underlying value of
the Company's shares.

8 Any other information material to a shareholder's/unitholder's decision
whether to accept the offer (eg, details of any proposed takeover bid)

 The Crown, which holds 72.68 per cent of the Company's ordinary shares, has
advised the Company that it will not participate as a seller into the share
buyback.

On-market buyback

9 Name of broker who will act on the company's behalf
 Craigs Investment Partners Limited
First NZ Capital Securities Limited

10 Deleted 30/9/2001.

11 If the company/trust intends to buy back a maximum number of shares - that
number
Note:  This requires a figure to be included, not a percentage.
 Up to 3% of the Company's outstanding ordinary shares (being 32,932,694
ordinary shares)

12 If the company/trust intends to buy back shares/units within a period of
time - that period of time; if the company/trust intends that the buyback be
of unlimited duration - that intention
 The buyback may commence from 2 October 2013 and may continue until 1
October 2014.

13 If the company/trust intends to buy back shares/units if conditions are
met - those conditions

 N/A

Employee share scheme buyback

14 Number of shares proposed to be bought back
 N/A

15 Price to be offered for shares
 N/A

Selective buyback

16 Name of person or description of class of person whose shares are proposed
to be bought back
 N/A

17 Number of shares proposed to be bought back
 N/A

18 Price to be offered for shares
 N/A

Equal access scheme

19 Percentage of shares proposed to be bought back
 N/A

20 Total number of shares proposed to be bought back if all offers are
accepted
 N/A

21 Price to be offered for shares
 N/A

22 +Record date for participation in offer
Cross reference: Appendix 7A, clause 9.
 N/A

Compliance statement

1. The company is in compliance with all Corporations Act requirements
relevant to this buyback.

2. There is no information that the listing rules require to be disclosed
that has not already been disclosed, or is not contained in, or attached to,
this form.

Sign here:  ............................................................
Date: .........................
  (Director/Company secretary)

Print name:  .........................................................
End CA:00241735 For:AIR    Type:BUYBACK    Time:2013-09-27 17:02:30