Monday, 26 February 2018

Announcement

SECISSUE: TWR: Allotment of new shares under rights offer

20 Dec 2017 10:21NZX
20 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

NZX Main Board and Debt Market - Notice pursuant to Listing Rule 7.12.1

(a) Class of Security: Ordinary shares
ISIN: NZTWRE0011S2

(b) Number issued: 168,662,150

(c) Issue price: NZ$0.42 per share (A$0.39 per share)

(d) Whether payment was in cash: Payable in cash

(e) Any amount paid up: Fully paid

(f) Principal terms of the Securities The shares have identical
rights, privileges, limitations and conditions as, and rank equally with, the
existing ordinary shares

(g) Percentage of the total Class of Securities issued, acquired or
redeemed: 100% of the total number of shares on issue immediately prior
to the issue of the new shares

(h) Reason for the issue, acquisition or redemption: Allotment
pursuant to renounceable rights offer of 1 new share for every 1 share held
as at 7.00 pm 22 November 2017 (record date)

(i) Specific authority for the issue, acquisition or redemption: Board
resolutions dated 13 November 2017

(j) Terms or details of the issue, acquisition or redemption: The
new shares will rank equally in all respects with existing ordinary shares

(k) Total number of Securities of the Class in existence after the issue:
337,324,300

(l) In the case of an acquisition of shares by an Issuer which is a
company registered under the Companies Act 1993, whether those shares are to
be held as Treasury Stock: Not applicable

(m) Dates of issue, acquisition or redemption: 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:00312226 For:TWR    Type:SECISSUE   Time:2017-12-20 10:21:20
Views: 98
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