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- Release Date: 21/02/14 10:30
- Summary: BUYBACK: PGC: PGC announces buy-back to continue following migration
- Price Sensitive: No
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PGC
21/02/2014 08:30
BUYBACK
REL: 0830 HRS Pyne Gould Corporation Limited
BUYBACK: PGC: PGC announces buy-back to continue following migration
21 February 2014
PGC announces buy-back to continue following migration
Buy-back of shares
Consistent with the board's view that PGC's successful execution of its
strategy has not been reflected in the market price of PGC's shares to date,
PGC announced on 14 November 2013 an intention to establish an on-market
share buy back programme on the NZX Main Board. PGC intends to continue with
an on market share buy-back following the migration to Guernsey, believing it
to be in the best interests of shareholders.
The authority for this share buy back programme is contained in the Companies
(Guernsey) Law, 2008 (as amended) and in the New Guernsey Articles. The
share buy-back following the migration may commence from 26 February 2014 and
may continue until 20 February 2015. Such buy-back will not exceed
31,808,433 ordinary shares. As required by the NZX Main Board Listing Rules,
PGC will make daily announcements to NZX of any shares bought back under the
share buy back.
Media Contact:
David Lewis +64 21 976 119
End CA:00247288 For:PGC Type:BUYBACK Time:2014-02-21 08:30:24
