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CHORUS LIMITED — Capital/Financing Update 2014
Nov 20, 2014
64680_rns_2014-11-20_b5a7e3ee-d1b1-4d1d-9316-37b42c3a4dfd.pdf
Capital/Financing Update
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STOCK EXCHANGE ANNOUNCEMENT
Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington 6140 New Zealand Email: [email protected]
21 November 2014
Unsolicited offer for small shareholders
Zero Commission NZ Limited has notified Chorus of its intention to write to selected Chorus shareholders with an offer to buy their shares at NZ$1.90 per share. The market price for Chorus shares was NZ$2.08 per share as at close of NZX trading on 20 November 2014.
Zero Commission’s offer is expected to open on 22 November 2014 and close on 23 December 2014. However, Zero Commission may make further offers over the next six months.
Chorus does not endorse Zero Commission’s current, or any subsequent, offer.
Shareholders are under no obligation to accept Zero Commission’s offer or to take any other action. Shareholders accepting the offer may cancel their acceptance up to 10 working days after acceptance.
Chorus recommends that shareholders who receive an offer from Zero Commission:
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read Zero Commission’s disclosure document and offer terms carefully;
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seek independent financial and/or legal advice if they are uncertain about the offer; and
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check Chorus’ most recent share price at www.nzx.com/markets/NZSX/securities/CNU or in daily newspapers.
ENDS
For further information:
Ian Bonnar Brett Jackson GM Corporate Relations Investor Relations Manager Mobile: +64 (27) 215 7564 Phone: +64 4 896 4039 Email: [email protected] Mobile: +64 (27) 488 7808 Email: [email protected]