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- Release Date: 14/02/14 15:51
- Summary: BUYBACK: PGC: Listing Rule 7.12.1 - notice of acquisition of securities
- Price Sensitive: No
- Download Document 1.46KB
PGC
14/02/2014 13:51
BUYBACK
REL: 1351 HRS Pyne Gould Corporation Limited
BUYBACK: PGC: Listing Rule 7.12.1 - notice of acquisition of securities
Notice to NZX
14 February 2014
Listing Rule 7.12.1 - notice of acquisition of securities
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, this
notice concerns those securities in Pyne Gould Corporation Limited that have
been acquired by Pyne Gould Corporation Limited from its shareholders who
have exercised minority buy-out rights under sections 110-119 of the
Companies Act 1993. Details of the acquisition are as follows:
Class of security and ISIN Ordinary shares
ISIN: NZPGCE0001S6
Number of securities acquired 1,676,795
Average consideration per security acquired $0.4500
Payment in cash Yes
Any amount paid up (if not in full) Not applicable
Percentage of total class of securities acquired 0.7994%
Reason for acquisition Shareholders exercising minority buy-out rights under
sections 110-119 of the Companies Act 1993 in relation to the migration
announced by PGC today.
Specific authority for the acquisition Sections 110-119 of the Companies Act
1993.
Any terms of the acquisition Not applicable
Total number of securities of the class after acquisition 208,087,519
Intentions for shares acquired Cancellation
Date of acquisition 14 February 2014 (in accordance with section 112C(1)
of the Companies Act 1993).
Media Contact
David Lewis
021 976 119
End CA:00247025 For:PGC Type:BUYBACK Time:2014-02-14 13:51:49
