PDP: timeline, notice of amendment to terms and conditions
Contact Energy Limited Ordinary Shares (CEN)
PDP: timeline, notice of amendment to terms and conditions
11 March 2010
PROFIT DISTRIBUTION PLAN - TIMELINE AND NOTICE OF AMENDMENT TO TERMS AND CONDITIONS
Contact Energy Limited is today mailing to shareholders buy back acceptance notices under the company’s Profit Distribution Plan for the 2009/10 interim distribution.
Shareholders are reminded that if they wish to accept the buy back offer and receive cash, they must complete the buy back acceptance notice and return it by 12 noon on Thursday 25 March 2010. Shareholders wishing to retain their bonus shares need not take any action.
The buy back offer price will be the volume weighted average Contact share price for the period from 10-16 March (inclusive). This will be disclosed to NZX on 17 March 2010.
Due to a change in legislation affecting taxation for non-resident shareholders, the Board hereby provides notice to shareholders of a modification to the first paragraph of clause 8.2 of the Profit Distribution Plan terms and conditions, effective from 25 March 2010. A copy of the modified terms and conditions can be downloaded from the investor section of Contact’s website www.contactenergy.co.nz/investor.
Louise Griffin
Communications Advisor
04 496 1567
Related Attachments
Letter to shareholders.pdf 86 KB