- Release Date: 11/03/13 11:44
- Summary: GENERAL: TWR: TWR Return of Capital and ISIN Change
- Price Sensitive: No
- Download Document 1.92KB
TWR 11/03/2013 09:44 GENERAL REL: 0944 HRS Tower Limited GENERAL: TWR: TWR Return of Capital and ISIN Change MEMORANDUM To : NZX Market Participants From : NZX Markets Date : 11 March 2013 Subject : Tower Limited ("TWR") Return of Capital and ISIN Change to TWR Message : On 17 December 2012 and 19 February 2013, Tower Limited (TWR) announced its proposed return of $120 million of capital to shareholders subject to Court approval and a special resolution being passed at its annual shareholders' meeting to be held on Thursday, 21 March 2013. Subject to Court and shareholder approval, the proposed repayment of capital will be on a pro-rata basis, with three (3) shares for every thirteen (13) ordinary shares held cancelled at the Record Date of Friday, 5 April 2013. TWR will pay shareholders $1.92 NZD for each cancelled share on the payment date of Friday, 12 April 2013. In order for the repayment of capital to be processed and for trading on the NZSX (NZX Main Board) to continue, a temporary ticker code ("TWRZ") with the ISIN NZTWRE0011S2 will be created. This temporary ticker code will be used from the Ex-Date, Wednesday, 3 April 2013 until market close on Friday, 5 April 2013. On Monday, 8 April 2013, trading will resume using the original Tower Limited ticker code (TWR) with the new ISIN, NZTWRE0011S2. At this time use of the temporary ticker code TWRZ will cease. Timetable: Event Date Annual Shareholders' meeting Thursday, 21 March 2013 Ex Date for capital return TWRZ commences trading with new ISIN* Wednesday, 3 April 2013 Record Date for capital return 5.00pm Friday, 5 April 2013 Trading resumes under TWR with new ISIN Monday, 8 April 2013 Payment date for capital return Friday, 12 April 2013 *ISIN and ticker code dates differ between NZX and ASX. Please contact Client and Market Services ("CMS") on +64 4 496 2853 with any queries. ENDS. End CA:00233991 For:TWR Type:GENERAL Time:2013-03-11 09:44:28
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- Ann: GENERAL: TWR: TWR Return of Capital and ISIN
Ann: GENERAL: TWR: TWR Return of Capital and ISIN
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Last
$1.05 |
Change
-0.005(0.48%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
$1.05 | $1.05 | $1.03 | $28.32K | 27.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 5444 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.05 | 2996 | 0 |
Last trade - 12.59pm 26/07/2024 (20 minute delay) ? |
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