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- Release Date: 14/03/12 10:57
- Summary: DRP: CEN: Profit Distribution Plan-Strike Price and Bonus Issue Ratio
- Price Sensitive: No
- Download Document 1.48KB
CEN
14/03/2012 08:57
DRP
REL: 0857 HRS Contact Energy Limited
DRP: CEN: Profit Distribution Plan-Strike Price and Bonus Issue Ratio
14 March 2012
Profit Distribution Plan - Strike Price and Bonus Issue Ratio
Contact Energy Limited advises that the final strike price per non-taxable
bonus share to be issued pursuant to the company's 2012 interim distribution
under the Profit Distribution Plan is $4.95482499.
The Bonus Issue Ratio is calculated as follows:
Distribution amount per share: $0.11
Volume weighted average sale price of Contact Energy shares on NZSX (for the
period 7 March to 13 March inclusive): $4.95482499
Discount applicable: Nil
Strike Price: $4.95482499
The Bonus Issue Ratio is calculated as $0.11 / $4.95482499
The Bonus Issue Ratio is therefore 0.02220058 bonus shares for every one
share held.
Contact gives notice in accordance with Rule 7.6.2 that pursuant to the Plan
it will buy back up to a maximum of 15,732,514 of its ordinary shares, being
the total number of non-taxable bonus shares to be issued in respect of the
interim distribution, on 30 March 2012.
Shareholders are reminded that the cut-off time for receipt by Computershare
Investor Services Limited of buy back offer acceptance notices is 12 noon on
Friday 23 March 2012. Shareholders wishing to retain the bonus shares to be
issued to them under the Plan do not need to take any action.
An updated Appendix 7 has been provided to NZX.
ENDS
End CA:00220673 For:CEN Type:DRP Time:2012-03-14 08:57:28
