Ann: GENERAL: SPK: Zero Commission NZ Limited - Unsolicited Offer

• Release Date: 22/01/16 10:51
• Summary: GENERAL: SPK: Zero Commission NZ Limited - Unsolicited Offer
• Price Sensitive: No
• Download Document  2.28KB

					SPK
22/01/2016 10:51
GENERAL
NOT PRICE SENSITIVE
REL: 1051 HRS Spark New Zealand Limited

GENERAL: SPK: Zero Commission NZ Limited - Unsolicited Offer

Market Announcement

22 January 2016

Zero Commission NZ Limited - Unsolicited Offer

Spark New Zealand advises that Zero Commission NZ Limited has notified its
intention to write to certain Spark New Zealand shareholders with an
unsolicited offer to buy their shares at $3.02 per share.  The market price
for Spark New Zealand shares was $3.24 per share as at close of trading on 21
January 2016, so the offer is 7% lower than the closing price on that date.

Spark New Zealand does not endorse this offer, or any subsequent offers made
by Zero Commission to purchase shares at a discount to the market price.

Spark New Zealand recommends that shareholders who receive an offer from Zero
Commission should:

- read Zero Commission's disclosure document and terms of offer carefully and
thoroughly;
- seek independent legal advice; and
- check the most recent market price for Spark New Zealand shares

Shareholders are under no obligation to accept any offer or to take any
action in respect of the Zero Commission offer. Unsolicited share offers are
subject to the Financial Markets Conduct Regulations 2014. Under these
regulations, unsolicited offers must be made within a clear and concise
disclosure document that outlines certain prescribed information.
Shareholders have the right to cancel any acceptance of the offer up to 10
working days after the date of their acceptance.

Shareholders accepting Zero Commission's offer should be aware that they are
likely to be in the position of being an unsecured creditor of Zero
Commission during the period between their shares being transferred to Zero
Commission and receiving full payment from Zero Commission.

If shareholders need or desire further advice on this matter we suggest they
contact an authorised financial adviser, a list of whom can be found on the
Financial Markets Authority website http://fma.govt.nz/

-ENDS-

For media queries, please contact:
Richard Llewellyn
Head of Corporate Communications +64 (0) 27 523 2362

For investor relations queries, please contact:
Stefan Knight
GM Finance and Business Performance +64 (0) 27 252 9438
End CA:00276714 For:SPK    Type:GENERAL    Time:2016-01-22 10:51:30