NZM 1.14% 89.0¢ nzme limited

Ann: Sale of GrabOne - Satisfaction of Finance Condition, page-3

  1. 151 Posts.
    lightbulb Created with Sketch. 171
    hmmm. Now we're talking.

    I think they stated that they wouldn't make any capital allocation/return decisions until NZ emerges from its lockdown or the coast is clear at least.

    As they are going for 90%, this could well have another month and a half to run before we get their decision on this.

    Will be interesting to see how they do it. A buy-back would have been extremely compelling sub $1, especially as there was a bit of liquidity around the $0.70 mark.



 
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