Air NZ redeems remaining $200 million of redeemable shares

GENERAL

Mon, Nov 28 2022 01:20 pm

Air New Zealand has today redeemed the remaining $200 million of redeemable shares on issue to the Crown.

Air New Zealand first issued $600 million of redeemable shares to the Crown in April and May 2022 as part of the airline’s recapitalisation undertaken earlier this year. Air New Zealand elected to redeem $400 million of those shares in June 2022. In August 2022 the airline indicated that the remaining $200 million would be redeemed once the airline’s recovery was further progressed.

The redemption today is the final redemption, and this facility has now been cancelled.

Ends.

Authorised for release to NZX and ASX by:
Jennifer Page
General Counsel & Company Secretary
[email protected]
+64 27 909 0691

For investor relations questions, please contact:
Kim Cootes
Head of Investor Relations
[email protected]
+64 27 297 0244

For media enquiries, please contact:
Air New Zealand Communications.
Email: [email protected] │ Phone: +64 21 747 320 │ Twitter: @AirNZMedia