Please see attached a capital change notice in relation to the buyback of ordinary shares in New Zealand Rural Land Company Limited (NZX.NZL) under the on-market share buyback programme announced to the market on 26 May 2023.
NZL has acquired a total of 201,791 shares and may acquire up to a further 5,143,673 shares under this on-market share buyback programme.
The business is reportedly being hit hard by increasing air freight industry competition.
The S&P/NZX 50 Index rose 97.07 points, or 0.8%, to 12,447.68.
Fletcher Building subsidiary Iplex Australia to cover 80% of repair costs.
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