Pursuant to NZX Listing Rule 3.13.1, Mercury NZ Limited announces that the following securities have been redeemed:
Name of issuer: Mercury NZ Limited
NZX ticker code: MCY020
Class of financial product: Unsecured, subordinated capital bonds
ISIN: NZMCYDG002C0
Currency: NZ$
Number redeemed: 300,000,000
Nominal value (if any): $1.00
Redemption price per security: $1.00, together with accrued and unpaid interest
Nature of the payment (for example, cash or other consideration): Cash
Amount paid up (if not in full): Fully paid up
Percentage of total class of Financial Products redeemed (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence): 100%
For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date): Not applicable
Reason for redemption and specific authority for redemption (the reason for change must be identified here): Exercise of Mercury’s optional right of redemption on the First Reset Date, being 11 July 2024
Total number of Financial Products of the Class after the redemption (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the redemption: Nil
In the case of an acquisition of shares, whether those shares are to be held as treasury stock: Not applicable
Specific authority for the redemption, including a reference to the rule pursuant to which the redemption is made: Mercury Board Resolutions on 19 February 2024. Rule 3.13.1.
Terms or details of the redemption (for example: restrictions, escrow arrangements): As set out in the redemption notice dated 27 June 2024
Date of redemption: 11 July 2024
Name of person authorised to make this announcement: Howard Thomas, General Counsel &
Company Secretary
Contact person for this announcement: Howard Thomas
Contact phone number: 09 308 8270
Contact email address: [email protected]
Date of release through MAP: 11 July 2024
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