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- Release Date: 14/05/12 11:33
- Summary: GENERAL: NZX: Revised NZX Buyback/Cancellation Share Split Memo
- Price Sensitive: No
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NZX
14/05/2012 09:33
GENERAL
REL: 0933 HRS NZX Limited
GENERAL: NZX: Revised NZX Buyback/Cancellation Share Split Memo
To : Market Participants
From : NZX Client and Market Services
Date : 14 May 2012
Subject : REVISED
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 :
After market close on 25 May 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:00222820 For:NZX Type:GENERAL Time:2012-05-14 09:33:24
