AWF
11/11/2014 11:36
GENERAL
REL: 1136 HRS AWF Group Limited
GENERAL: AWF: Notification of Acquisition and Redemption of Securities
NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES
Pursuant to Listing Rule 7.12.1, AWF 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 A Shares. ISIN not applicable as
securities not quoted.
(b) Number redeemed: 64,800 Restricted A Shares.
(c) Redemption price: $2.50 per share.
(d) Payment terms: Cash.
(e) Amount paid up: Fully paid.
(f) Principal terms of the securities: The Restricted A 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 A 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: 33.64% Restricted A Shares.
(h) Reason for redemption: The 64,800 Restricted A Shares will not qualify
for reclassification as ordinary shares as the relevant holders left the
employment of AWF before the Qualification Date for those shares.
Accordingly, the Restricted A Shares are being redeemed by AWF under the
rules of the Scheme and cancelled.
(i) Authority for redemption: Directors' resolution dated 21 October 2014.
(j) Terms of redemption: The aggregate redemption price is to be applied by
AWF in full repayment of the loans made by AWF to the relevant holder in
respect of their Restricted A Shares.
(k) Total number of securities of the class in existence after redemption:
127,800 Restricted A Shares.
(l) Shares to be held as treasury stock: Nil
(m) Date of redemption: 11 November 2014.
Contact: Paul Mens, Company Secretary on +64 9 526 2646
End CA:00257484 For:AWF Type:GENERAL Time:2014-11-11 11:36:27
