|
|
|
| Company |
Code |
Released |
Type |
Headline |
| Comvita Limited |
CVT |
3 Oct, 2007, 08:41 |
ALLOT |
1,833,555 shares issued for purchase of Olive
Products |
| Full Text of Announcement |
2nd October 2007
Announcement to NZX
For immediate release
1,833,555 shares issued for purchase of Olive Products
business
We hereby advise the NZX in accordance with NZSX
Listing Rule 7.12.1 that Comvita Limited ("CVT")
has issued securities, the details of which are as
follows:
(a) Class of Security and ISIN: Ordinary Shares
NZCVTE000157
(b) the number issued or acquired: 1,833,555;
(c) the nominal value (if any) and issue or
acquisition price: $3.3677 per share;
(d) whether payment was in cash: Issued in part
payment for Olive Products business;
(e) any amount paid up (if not in full): N/A;
(f) the percentage of the total Class of Securities
issued or acquired: 7.22% of issued Ordinary Shares
before this share issue;
(g) the reason for the issue or acquisition: Issue in
connection for part payment of Olive Products
business;
(h) the specific authority for the issue or
acquisition (if any): Shareholders and Directors
Resolution;
(i) any terms or details of the issue or acquisition
(such as an escrow provision): Holder has agreed not
to dispose of 775,593 of the shares for 12 months from
the issue date; 1,057,962 shares are subject to
earnout targets being achieved and will be held in
escrow for two years;
(j) the total number of Securities of the Class in
existence after the issue or acquisition: 27,224,562;
(k) 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: N/A; and
(l) the dates of issue or acquisition: 2 October 2007.
|
|
|
|
|
|
