Spark New Zealand commences on-market share buy-back

Spark New Zealand today announced that it will commence an on-market share buy-back of up to $350 million, with a maximum number of 93,471,173 shares to be purchased over the next 12 months.

The buy-back will be made under section 65 of the Companies Act 1993 and may run for up to 12 months from 6 April 2023.

The number of shares purchased and the average price will be notified to the NZX and ASX on the business day following the date on which those shares are bought back.

The buy-back programme is subject to variation, suspension or termination at any time.