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 100,000 shares and may acquire up to a further 5,043,673 shares under this on-market share buyback programme.
Shareholders could still elect a combination of new and old directors.
Last week the court refused to rule either way.
Market nerves have settled, says Forsyth Barr's Peter Sigley.
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