Monday, 26 February 2018

Announcement

OFFER: TWR: Completion of Rights Offer

15 Dec 2017 10:03NZX
15 December 2017

Market Information
NZX Limited
Level 1, NZX Centre
11 Cable Street
Wellington
New Zealand

Company Announcements Office
ASX Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
Australia

COMPLETION OF RIGHTS OFFER

Tower Limited (NZX/ASX: TWR) is pleased to announce the closure of its
underwritten 1 for 1 pro rata renounceable rights offer announced on 14
November 2017, with strong shareholder support.

Approximately 148.4 million new shares were taken up by shareholders,
representing approximately 88.0% of the new shares available under the rights
offer. This represents gross proceeds of approximately $62.3 million.

The underwriter of the offer, Goldman Sachs New Zealand Limited, has agreed
to take up approximately 20.3 million shares which were not taken up under
the offer.

New shares taken up under the rights offer are expected to be allotted and
begin trading on 20 December 2017.

ENDS

TOWER
Michael Stiassny
Chairman
Tower Limited
ARBN 088 481 234 Incorporated in New Zealand

For media queries, please contact:
Nicholas Meseldzija
Head of Corporate Communications
Mobile: +64 21 531 869
Email: Nicholas.meseldzija@tower.co.nz
End CA:00312033 For:TWR    Type:OFFER      Time:2017-12-15 10:03:34
Views: 216
Tower Ltd ordinary
 0.6600 Change:
0.00
0.00%
 
Open:0.6600 
High:0.6600 
Low:0.6600 
Volume:9,000 
Last Traded:07/02/18 09:10:09 
Bid:0.6600 
Ask:0.6600 
52-Wk High:1.4000 
52-Wk Low:0.6000