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- Release Date: 11/05/12 14:10
- Summary: GENERAL: NZX: NZX Limited ("NZX") Buyback/Cancellation and Share Split
- Price Sensitive: No
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NZX
11/05/2012 12:10
GENERAL
REL: 1210 HRS NZX Limited
GENERAL: NZX: NZX Limited ("NZX") Buyback/Cancellation and Share Split
MEMORANDUM
To : Market Participants
From : NZX Client and Market Services
Date : 11 May 2012
Subject : NZX Limited ("NZX") Buyback/Cancellation and Share Split
Message:
Further to the announcements released by NZX on 20 February 2012 and 10 May
2012, regarding the compulsory buyback/cancellation and share split, NZX
Market Supervision ("NZXMS") confirms the following :
On 1 June 2012, one share in every ten NZX shares registered in the name of
each shareholder at the Record Date (5pm, 25 May 2012) will be cancelled.
Fractions of a share will be rounded up or down to the nearest whole number
(with half a share being rounded up) For each share cancelled, the
shareholder will receive a cash payment of $2.85, or approximately $0.285 per
share held.
Immediately after this cancellation, NZX will undertake a seven-for-three
share split.
The Key dates for these
Ex Date for share buyback/cancellation
Wednesday, 23 May 2012
Ex Date for share split
Wednesday, 23 May 2012
Record Date for share buyback/cancellation
5.00pm Friday, 25 May 2012
Record Date for share split
5.00pm Friday, 25 May 2012 (to occur immediately after share
buyback/cancellation)
Payment Date for share buyback/cancellation Friday, 1 June 2012:
If you have any further queries, please contact CMS on 04 496 2853.
ENDS.
End CA:00222768 For:NZX Type:GENERAL Time:2012-05-11 12:10:31
