AWF
26/08/2015 14:42
GENERAL
NOT PRICE SENSITIVE
REL: 1442 HRS AWF Madison Group Limited
GENERAL: AWF: AWF Redemption Notice
NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES
Pursuant to Listing Rule 7.12.1, AWF Madison Group Limited (NZX:AWF) advises
that the following securities issued by AWF under the AWF Group Restricted
Share Scheme ("Scheme") have been redeemed.
(a) Class of security: Restricted C and D Shares . ISIN not applicable as
securities not quoted.
(b) Number redeemed: 12,000 Restricted C Shares and 8,000 Restricted D
shares
(c) Redemption price: $2.57 per share.
(d) Payment terms: Cash.
(e) Amount paid up: Fully paid.
(f) Principal terms of the securities: The Restricted Shares are restricted
and are unable to be traded until reclassified as ordinary shares on the
relevant "Qualification Date" (subject to the holder remaining employed with
AWF and the repayment of any loans made by AWF to the holder in respect of
the shares). Restricted Shares rank pari passu with existing ordinary shares
in respect of rights to dividends and other distributions and voting rights.
(g) Percentage of total class redeemed: 3.81% Restricted C Shares and 3.81%
Restricted D Shares.
(h) Reason for redemption: The 20,000 Restricted Shares will not qualify for
reclassification as ordinary shares as the relevant holders left the
employment of AWF Madison Group Limited before the Qualification Date for
those shares. Accordingly, the Restricted Shares are being redeemed by AWF
Madison under the rules of the Scheme and cancelled.
(i) Authority for redemption: Directors' resolution dated 26 August 2015.
(j) Terms of redemption: The aggregate redemption price is to be applied by
AWF Madison Group Limited in full repayment of the loans made by the Company
to the relevant holder in respect of their Restricted Shares.
(k) Total number of securities of the class in existence after redemption:
202,000 Restricted C Shares and 303,000 D Shares.
(l) Shares to be held as treasury stock: No.
(m) Date of redemption: 26 August 2015.
Contact: David Lazarus, Company Secretary +64 9 526 8775
End CA:00269117 For:AWF Type:GENERAL Time:2015-08-26 14:42:12
