Tower Limited
Half year results24 May 2017
IntroductionMichael Stiassny
Chairman
Chairman's updateBusiness performance
Underlying business continues to perform well
Canterbury
Operating result is impacted by increase to Canterbury provisions
Scheme vote and non-binding proposal
Timing of Fairfax scheme vote to be confirmed, in the absence of a superior offer, the Tower board continues to unanimously recommend this scheme.
Commerce Commission to release findings on Suncorp non-binding proposal on 30 June 2017
Capital and dividend
Equity raising on hold pending outcome of Fairfax scheme vote
Solvency position strengthened through drawing on liquidity facility
Dividend payment remains suspended
3
Performance overviewRichard Harding
Chief Executive Officer
Tower Limited published this content on 24 May 2017 and is solely responsible for the information contained herein.
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