Tower Limited (ASX:TWR) Announces NZ$45m Capital Return to Shareholders
Capital Return Scheme
Tower Limited will return approximately NZ$45 million to shareholders through a court-approved scheme of arrangement, cancelling one ordinary share for every ten held on the record date. Shareholders will receive NZ$1.1858 per share cancelled.
Trading Halt Details
The company’s securities will be under a trading halt from 18 March 2025 until 20 March 2025 to facilitate the share cancellation. Normal trading will resume on 20 March 2025.
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