- Release Date: 08/04/13 19:31
- Summary: CAPREC: TWR: TOWER Limited Capital Return - Shares Cancelled
- Price Sensitive: No
- Download Document 1.54KB
TWR 08/04/2013 17:31 CAPREC REL: 1731 HRS Tower Limited CAPREC: TWR: TOWER Limited Capital Return - Shares Cancelled MEDIA STATEMENT 8 April 2013 For immediate release Market Information NZX Limited Level 2, NZX Centre 11 Cable Street Wellington NEW ZEALAND Company Announcements Office Australian Stock Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 AUSTRALIA TOWER Limited Capital Return - Shares Cancelled Further to TOWER Limited's 26 March announcement regarding its Capital Repayment plan, TOWER announced today that it has cancelled 3 in every 13 ordinary TOWER shares registered in the name of each TOWER ordinary shareholder. This has resulted in the cancellation of 62,097,656 shares, leaving 206,993,438 shares on issue. This cancellation has occurred pursuant to the return of capital arrangement approved by TOWER Limited shareholders at its Annual Shareholders' Meeting held on 21 March 2013. TOWER shares have been trading on an 'ex return of capital' basis on ASX from 28 March 2013, and on NZX from 3 April 2013. TOWER will, on Friday 12 April, pay NZ$1.92 for each share cancelled, meaning shareholders will receive a total payment of NZ$119,227,499.52 for all shares cancelled. Australian shareholders will receive approximately AUD$1.55 per cancelled share (based on a NZD/AUD exchange rate of 0.8065 as at the record date). Ends Bronwyn Walsh Company Secretary & Compliance Manager TOWER Limited ARBN 088 481 234 Incorporated in New Zealand End CA:00234984 For:TWR Type:CAPREC Time:2013-04-08 17:31:22
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