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- Release Date: 15/03/13 10:46
- Summary: BUYBACK: TEL: Daily DRP Buyback Notice
- Price Sensitive: No
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TEL
15/03/2013 08:46
BUYBACK
REL: 0846 HRS Telecom Corporation of New Zealand Limited
BUYBACK: TEL: Daily DRP Buyback Notice
LAURA BYRNE
Company Secretary
Market Information Services Section
NZX Limited
Wellington
15 March 2013
NOTIFICATION OF ACQUISITION OF SECURITIES
For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, this
notice concerns those securities in Telecom Corporation of New Zealand
Limited ("Telecom") that have been acquired on market by Telecom on 14 March
2013.
Details of the acquisition are as follows:
a) Security Acquired Ordinary Shares
ISIN
NZTELE0001S4
b) Number of securities acquired
500,000
c) Average consideration per security acquired
NZ$2.2903
d) Payment type
Cash Payment
e) Any amount paid up (if not in full)
Not applicable
f) Percentage of total securities acquired
0.0275%
g) Reason for acquisition
Eliminate an increase in capital arising pursuant to the Dividend
Reinvestment Plan
h) Specific authority for the acquisition
Directors' Resolution
i) Any terms of the acquisition
Not applicable
j) Total number of securities after acquisition
1,815,996,462
k) Intentions for shares acquired
Cancellation
l) Date of acquisition
14 March 2013
Yours faithfully
Laura Byrne
Company Secretary
End CA:00234152 For:TEL Type:BUYBACK Time:2013-03-15 08:46:27