TWR
11/06/2014 16:29
GENERAL
REL: 1629 HRS Tower Limited
GENERAL: TWR: TOWER outlines options to dispose of small shareholdings
11 June 2014
Market Information
NZX Limited
Level 2, NZX Centre
11 Cable Street
Wellington
New Zealand
Company Announcements Office
Australian Stock Exchange Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
Australia
TOWER outlines options to dispose of small shareholdings
Further to the announcement on 27 May 2014, TOWER has today posted to
shareholders with fewer than 200 shares a letter outlining the options and
details for disposing of their small shareholdings.
Shareholders will have three months to make a decision in respect of their
small shareholdings. In summary they can:
1. Do nothing if they wish to have their shares cancelled by TOWER without
incurring brokerage or any fees. Payments will be made in the same manner as
dividend payments.
2. Increase their shareholding to more than 200 shares on the market through
any NZX or ASX sharebroker. Applicable brokerage charges will apply.
3. Notify TOWER in writing by filling in a Notification Form if they wish to
remain a TOWER shareholder with a small parcel and return this to
Computershare Investor Services.
If shareholders do nothing, their shares will be automatically cancelled on
12 September 2014 and they will receive NZ$1.72 per share being the volume
weighted average price for the five trading days prior to 27 May 2014.
Shareholders registered on the Australian register will be paid in Australian
dollars at the conversion rate applicable on the trading day prior to the
payment date (expected to be 17 September 2014).
ENDS
Michael Boggs
Chief Financial Officer
TOWER Limited
ARBN 088 481 234 Incorporated in New Zealand
End CA:00251463 For:TWR Type:GENERAL Time:2014-06-11 16:29:10
