NZO
29/01/2015 17:14
CAPREC
NOT PRICE SENSITIVE
REL: 1714 HRS New Zealand Oil and Gas Limited
CAPREC: NZO: MEMO:New Zealand Oil and Gas Limited ("NZO") Capital Return
MEMORANDUM
To: Market Participants
From: NZX Client and Market Services
Date: 29 January 2015
Subject: New Zealand Oil and Gas Limited ("NZO") Capital Return
Message:
On Tuesday, 4 November 2014, New Zealand Oil and Gas Limited (NZO) announced
a proposed capital return of approximately $63.2 million of capital to
shareholders, subject to High Court approval and a special resolution being
passed at a special meeting of shareholders that was held on Friday, 19
December 2014.
Shareholder approval was obtained on Friday, 19 December 2014 and High Court
approval was obtained on Thursday, 29 January 2015.
Shareholders will have 1 share cancelled for every 5 shares held on the
Record Date. For every cancelled share, holders will receive $0.75. Adjusted
NZO shares will be available at the registry on the morning of the first
business day after the Record Date, being Monday, 16 February 2015.
In order for the capital return to be processed and for trading on the NZX
Main Board to continue, a temporary ticker code ("NZOZ") with the ISIN
NZNZOE0002S4 will be created. NZOZ will be used from market open on the Ex
Date until market close on the Record Date.
On Monday, 16 February 2014, trading will resume using the original New
Zealand Oil and Gas ticker code (NZO) with the new ISIN (NZNZOE0002S4). At
this time, trading in NZOZ will cease.
A timetable of events is detailed in the attachment.
Please contact Client and Market Services on +64 4 496 2853 or [email protected]
with any queries.
ENDS
End CA:00260141 For:NZO Type:CAPREC Time:2015-01-29 17:14:43
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