CEN
16/02/2016 09:17
BUYBACK
NOT PRICE SENSITIVE
REL: 0917 HRS Contact Energy Limited
BUYBACK: CEN: Resumption of share buyback programme
MEDIA RELEASE
For immediate release
Tuesday 16 February 2016
Resumption of share buyback programme
Contact Energy Limited (Contact) announces that, as stated in its interim
financial results, it will resume its share buyback programme from today.
Contact has acquired 12.5 million shares for NZ$62 million since announcing
an on-market share buyback on 15 October 2015. The announced buyback was for
up to 25 million ordinary shares for an aggregate purchase price of up to
NZ$100 million.
The ordinary shares will only be acquired on the NZX Main Board.
The key principles under which the buyback will be executed are unchanged and
are summarised below:
o Shares purchased by Contact will be cancelled on acquisition, and the
number of shares on issue reduced accordingly.
o Contact will only buy shares through NZX's Clearing House during normal
trading hours (i.e. there will be no off-market transactions).
o Contact will adhere to an established set of principles that will ensure
the buyback does not distort the market price for shares.
o Contact will keep shareholders fully informed and monitor compliance with
its various information disclosure requirements throughout the buyback
period.
Craigs Investment Partners have been appointed to act as Contact's broker in
connection with this part of the buyback.
ENDS
Investor enquiries: Fraser Gardiner 021 228 3688
Media enquiries: Shaun Jones 021 204 4521
End CA:00277702 For:CEN Type:BUYBACK Time:2016-02-16 09:17:38
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