Sunday, 18 February 2018

Announcement

ADMIN: AWF: NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES

26 Jan 2018 13:56NZX
NOTIFICATION OF ACQUISITION AND REDEMPTION OF SECURITIES
Pursuant to Listing Rule 7.12.1, AWF Madison Group Limited (NZX:AWF) advises
that the following securities issued by AWF under the AWF Group Restricted
Share Scheme ("Scheme") have been redeemed.
(a) Class of security:  Restricted A Shares.  ISIN not applicable as
securities not quoted.
(b) Number redeemed:  146,000 Restricted C Shares.
(c) Redemption price:  $2.57 per share.
(d) Payment terms: Cash.
(e) Amount paid up:  Fully paid.
(f) Principal terms of the securities:  The Restricted C Shares are
restricted and are unable to be traded until reclassified as ordinary shares
on the relevant "Qualification Date" (subject to the holder remaining
employed with AWF and the repayment of any loans made by AWF to the holder in
respect of the shares).  Restricted C Shares rank pari passu with existing
ordinary shares in respect of rights to dividends and other distributions and
voting rights.
(g) Percentage of total class redeemed:  100% Restricted C Shares.
(h) Reason for redemption: The 146,000 Restricted C Shares having
qualified for reclassification as ordinary shares, the holders elected not to
repay the company loans by 1 January 2018 and therefore those shares will not
be re-classified.  Accordingly, the Restricted C Shares are being redeemed by
AWF under the rules of the Scheme and cancelled.
(i) Authority for redemption:  Directors'' resolution dated 26 January
2018.
(j) Terms of redemption: The aggregate redemption price is to be applied
by AWF in full repayment of the loan made by AWF to the holder in respect of
the Restricted C Shares.
(k) Total number of securities of the class in existence after
redemption: Nil Restricted C Shares.
(l) Shares to be held as treasury stock: No.
(m) Date of redemption: 26 January 2018.

Contact: David Lazarus, Company Secretary on +64 9 526 8775.
End CA:00313477 For:AWF    Type:ADMIN      Time:2018-01-26 13:56:12
Views: 313
Allied Work Force Group
 2.270 Change:
0.06
2.58%
 
Open:2.330 
High:2.330 
Low:2.330 
Volume:100 
Last Traded:07/02/18 09:13:41 
Bid:2.270 
Ask:2.270 
52-Wk High:3.050 
52-Wk Low:2.200