This notice is given under NZX Listing Rule 3.13.1 and s.65(2) of the Companies Act 1993, and relates to the acquisition of ordinary shares in Chorus Limited under the on-market share buyback programme announced by Chorus to the market on 21 February 2022.
Section 1: Issuer information
Name of issuer
Chorus Limited
NZX ticker code
CNU
Class of financial product
Ordinary Shares
ISIN (If unknown, check on NZX website)
NZCNUE0001S2
Section 2: Capital change details
Number issued/acquired/redeemed
520,858
Nominal value (if any)
N/A
Issue/acquisition/redemption price per security
NZD $8.1380 (average) in
respect of 20,858 ordinary
shares acquired on NZX
AUD $7.6433 (average) in
respect of 500,000 ordinary
shares acquired on ASX
Nature of the payment (for example, cash or other
Cash
consideration)
Amount paid up (if not in full)
Paid in full
Percentage of total class of Financial Products
0.1173%
issued/acquired/redeemed/ (calculated on the number of
Financial Products of the Class, excluding any Treasury Stock,
in existence)
For an issue of Convertible Financial Products or Options, the
N/A
principal terms of Conversion (for example the Conversion
price and Conversion date and the ranking of the Financial
Product in relation to other Classes of Financial Product) or the
Option (for example, the exercise price and exercise date)
Reason for issue/acquisition/redemption and specific authority
Acquisition under Board
for issue/acquisition/redemption/ (the reason for change must
approved buyback programme
be identified here)
announced on 21 February
2022
Total number of Financial Products of the Class after the
Stock) and the total number of Financial Products of the Class
None held as treasury stock
held as Treasury Stock after the issue/acquisition/redemption.
In the case of an acquisition of shares, whether those shares
No
are to be held as treasury stock
Specific authority for the issue, acquisition, or redemption,
Board resolution dated 18
including a reference to the rule pursuant to which the issue,
February 2022
acquisition, or redemption is made
NZX Listing Rule 4.14.1(a)
Terms or details of the issue, acquisition, or redemption (for
Shares acquired will be
example: restrictions, escrow arrangements)
cancelled
Date of issue/acquisition/redemption
16/12/2022
Section 3: Authority for this announcement and contact person
Name of person authorised to make this announcement
Andrew Carroll
Chief Financial Officer
Contact person for this announcement
Brett Jackson
Investor Relations Manager
Contact phone number
+64 4 896 4039
+64 27 488 7808
Contact email address
Brett.Jackson@chorus.co.nz
Date of release through MAP
19/12/2022
The identity of the seller or sellers (and the beneficial owner or owners) of the Chorus ordinary shares is not known to Chorus.
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Disclaimer
Chorus Limited published this content on 19 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 December 2022 20:02:04 UTC.
Chorus Limited is a New Zealand-based fixed line communications infrastructure business. The Company maintains and builds a network predominantly made up of fiber and copper cables, local telephone exchanges and cabinets. The Companyâs product portfolio encompasses a range of wholesale broadband, data and voice services across a mix of regulated and commercial products. Its products include fiber broadband, copper-based broadband, fiber premium (point-to-point), copper-based voice, field services products, value-added network services, infrastructure, data services over copper and others. The Company works with phone and broadband providers to keep New Zealanders connected through a range of products and services. It has one wholly owned Subsidiary, Chorus New Zealand Limited (CNZL).