AWF
25/11/2015 13:46
GENERAL
NOT PRICE SENSITIVE
REL: 1346 HRS AWF Madison Group Limited
GENERAL: AWF: 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 C Shares; and Restricted D Shares. ISIN
not applicable as securities not quoted.
(b) Number redeemed: 34,000 Restricted C Shares; and 51,000 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 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 C Shares; and Restricted D 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: 16.83% Restricted C Shares; and
16.83% Restricted D Shares.
(h) Reason for redemption: The 34,000 Restricted C Shares; and the 51,000
Restricted D Shares did 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 C Shares; and the
Restricted D Shares are being redeemed by AWF under the rules of the Scheme
and cancelled.
(i) Authority for redemption: Directors' resolution dated 25 November 2015.
(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:
168,000 Restricted C Shares; and 252,000 Restricted D Shares.
(l) Shares to be held as treasury stock: No.
(m) Date of redemption: 25 November 2015.
Contact: David Lazarus, Company Secretary on +64 9 526 8775.
End CA:00274078 For:AWF Type:GENERAL Time:2015-11-25 13:46:54
