Vector share offer fully subscribed

Vector share offer fully subscribed

Vector Limited’s board of directors advise that Vector’s Share Offer has been fully subscribed, and is now closed.

Shares have now been allotted and the Final Price has been set at $2.38 per share.

Vector chairman Michael Stiassny says the company is very pleased that thousands of New Zealanders have elected to participate in this unique investment opportunity.

Shares have been allotted to successful applicants as set out below:

Pre-registered AECT Beneficiaries and eligible Vector employees:

Applicants will receive an allotment of shares issued at $2.38 each, which is the lesser of:

– the value of shares that you pre-registered for; or

– the value of shares that you applied and submitted payment for; or

– $3,146 worth of shares.

NGC Shareholders:

Acceptances have been received for shares in NGC taking Vector’s ownership to 92.75%. Remaining NGC shares will be compulsorily acquired with the same consideration as for those shareholders who accepted the offer.

Vector Capital Bondholders:

Pre-registered Capital Bondholders will receive the value of shares applied for at an issue price of $2.32 per share, but in any event not more than their pre-registered application amount.

General Offer:

No shares have been allocated to any applicant other than as previously stated.

Vector shares will be listing on the NZSX on Monday 15 August at 11:00am.

Successful applicants will receive holding certificates within the next few days. Refunds to unsuccessful applicants will be posted by Wednesday 17 August.

Vector would like to remind all applicants of the risk of selling shares until it is known if, and how many, shares have been allotted to them.

ENDS

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