KRK
10/02/2016 17:37
MEMO
NOT PRICE SENSITIVE
REL: 1737 HRS Kirkcaldie & Stains Limited
MEMO: KRK: KRK - Share Cancellation and Return of Capital
Memorandum
To: Market Participants
From: NZX Client and Market Services
Date: 10 February 2016
Subject: Kirkcaldie & Stains Limited - Share Cancellation and Return of
Capital
Message:
On Friday, 27 November 2015, Kirkcaldie & Stains Limited ("KRK") announced
that it had filed applications seeking orders from the High Court to approve
a scheme of arrangement to return approximately $19.354 million of capital to
shareholders.
High Court approval was obtained yesterday, Tuesday, 9 February 2016.
The return of capital will be on a pro-rata basis, with four (4) out of every
five (5) shares held cancelled at the Record Date of Thursday, 25 February
2016. Adjusted shares will be available at the registry on the morning of the
Share Adjustment Date of Friday, 26 February 2016. Shareholders will be paid
NZD$2.3602 for each cancelled share on the Cash Payment Date of Monday, 29
February 2016.
In order for the repayment of capital to be processed, KRK ordinary shares
will be placed in a trading halt from close of business on Monday, 22
February 2016 until market open on Friday, 26 February 2016.
A timetable of events is set out in the attached document.
Please contact Client and Market Services on +64 4 496 2853 or [email protected]
with any queries.
ENDS
End CA:00277473 For:KRK Type:MEMO Time:2016-02-10 17:37:58
