AWF 0.00% 0.0¢ awf madison group limited

Ann: GENERAL: AWF: Notification Of Acquisition and Redemption of Securities

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    • Release Date: 30/03/16 15:59
    • Summary: GENERAL: AWF: Notification Of Acquisition and Redemption of Securities
    • Price Sensitive: No
    • Download Document  2.18KB
    					AWF
    30/03/2016 15:59
    GENERAL
    NOT PRICE SENSITIVE
    REL: 1559 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:  10,000 Restricted C Shares; and 15,000 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:  5.95% Restricted C Shares; and 5.95%
    Restricted D Shares.
    (h) Reason for redemption:  The 10,000 Restricted C Shares; and the 15,000
    Restricted D Shares did not qualify for reclassification as ordinary shares
    as the relevant holder 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 30 March 2016.
    (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:
    158,000 Restricted C Shares; and 237,000 Restricted D Shares.
    (l) Shares to be held as treasury stock: No.
    (m) Date of redemption: 30 March 2016.
    
    Contact: David Lazarus, Company Secretary on +64 9 526 8775.
    End CA:00280029 For:AWF    Type:GENERAL    Time:2016-03-30 15:59:16
    				
 
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