Napier Port completes successful share buyback

Napier Port has announced the successful completion of its on-market share buyback programme.

The programme, which began in May 2022, resulted in the acquisition of 240,000 ordinary shares.

These shares will be held as treasury stock and used for the company's employee share ownership plans.

Following the completion of the share buyback, the total number of shares on issue is now 199,637,941.

Napier Port is New Zealand's fourth largest port by container volume and serves as the gateway for Hawke's Bay and the lower North Island's exports.