Ann: GENERAL: NZO: Capital return interim orders received

• Release Date: 21/11/14 14:59
• Summary: GENERAL: NZO: Capital return interim orders received
• Price Sensitive: No
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					NZO
21/11/2014 14:59
GENERAL

REL: 1459 HRS New Zealand Oil and Gas Limited

GENERAL: NZO: Capital return interim orders received

New Zealand Oil & Gas has received initial orders from the High Court to seek
shareholder approval to return approximately $60 million of capital to its
shareholders.

New Zealand Oil & Gas announced the capital return on 4 November 2014, and on
19 November sought initial orders from the High Court to convene a meeting of
shareholders to consider a scheme of arrangement to cancel 1 in 5 of its
shares and to return $0.75 per cancelled share. Shares that have been issued
as part of the Employee Share Ownership Plan will not participate in the
return of capital.

If shareholders approve the scheme, New Zealand Oil & Gas intends to seek
final orders sanctioning the scheme from the High Court under Part XV of the
Companies Act 1993.

A special meeting of shareholders will be organised before Christmas 2014.

John Pagani
External Relations Manager
+64 21 570 872
End CA:00257968 For:NZO    Type:GENERAL    Time:2014-11-21 14:59:06