Ann: BUYBACK: ARV: Adjustment to Arvida Shares

• Release Date: 16/03/15 09:13
• Summary: BUYBACK: ARV: Adjustment to Arvida Shares
• Price Sensitive: No
• Download Document  1.42KB

					ARV
16/03/2015 09:13
BUYBACK
NOT PRICE SENSITIVE
REL: 0913 HRS Arvida Group Limited (NS)

BUYBACK: ARV: Adjustment to Arvida Shares

Arvida Group Limited ("Arvida") gives notice that it has repurchased and
cancelled certain ordinary shares in Arvida for nominal consideration
following a review of the calculation of adjusted net assets used for the
purposes of determining the number of shares issued to the facility investors
pursuant to the Arvida aggregation and IPO:

a Class of security
Ordinary shares
ISIN
NZARVE0001S5

b Number acquired
1,469,998

c Nominal value
N/A
Acquisition price
$1.00 in aggregate

d Payment terms
Cash

e Amount paid up
N/A

f Principal terms
Quoted ordinary shares in Arvida

g Percentage of class of securities
0.65%

h Reason for acquisition
Acquisition and cancellation of shares for nominal consideration to correct
the number of shares allocated to facility investors under the aggregation
described in Arvida's prospectus dated 17 November 2014

i Authority for acquisition
Board resolution dated 16 March 2015 and entitled persons approval dated 17
December 2014

j Terms of acquisition
As above

k Number of securities in existence after acquisition
224,850,633 ordinary shares

l Treasury stock
N/A

m Date of acquisition
16 March 2015

Yours sincerely,

Jeremy Nicoll
Chief Financial Officer
Arvida Group Limited
[email protected]
End CA:00261866 For:ARV    Type:BUYBACK    Time:2015-03-16 09:13:53