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- Release Date: 21/02/14 15:18
- Summary: LISTING: MCK: Quotation Notice: MCK Limited Preference Shares ("MCKPA")
- Price Sensitive: No
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MCK
21/02/2014 13:18
LISTING
REL: 1318 HRS Millennium & Copthorne Hotels New Zealand Limited
LISTING: MCK: Quotation Notice: MCK Limited Preference Shares ("MCKPA")
QUOTATION NOTICE: NZX MAIN BOARD
MILLENNIUM & COPTHORNE HOTELS NEW ZEALAND LIMITED PREFERENCE SHARES ("MCKPA")
Company: Millennium & Copthorne Hotels New Zealand Limited ("MCK")
Security Code: MCKPA
ISIN: NZMCKE0003S1
Details of Issue: An offer of up to 174,634,365 redeemable, non voting
Preference Shares of the Company which rank equally with the Ordinary Shares
(MCK) in respect of all distributions except for any distributions made in
the context of a liquidation of the Company (in respect of which the
Preference Shares will have a preference).
The Preference Shares will be issued pursuant to a renounceable rights offer
of 1 Preference Share for every 2 Ordinary Shares.
Offer Price: NZ$0.64 per Preference Share
Redemption of Preference Shares:
All or part of the Preference Shares may be redeemed by MCK at any time after
receiving approval by at least 75% of the holders of Preference Shares by way
of special resolution.
Redemption Price: The higher of:
- the 20 day volume weighted average price of the Preference Shares; and
- the Issue Price of $0.64.
Share Registrar: Computershare Investor Services Limited ("RMLT")
Settlement Status: NZCDC Settlement System
Offer Document Dated: 17 February 2014
Rights Offer Opens: Monday, 3 March 2014
Rights Offer Closes: 5.00pm, Wednesday, 19 March 2014
Allotment Date: Monday, 24 March 2014
Mailing of Shareholder Notices: Monday, 31 March 2014
Commencement of Trading on the NZX Main Board: Tuesday, 25 March 2014
Tim Bennett
Chief Executive Officer
NZX Limited
21 February 2014
End CA:00247352 For:MCK Type:LISTING Time:2014-02-21 13:18:38
