11 May 2012

NZX to return $34m of capital to shareholders

9:06 am on 11 May 2012

The stock exchange says the High Court has approved the return of about $34.4 million of capital to shareholders.

Shareholders had already supported the move at NZX's annual meeting at the end of last month.

NZX will cancel 10% of its shares, giving investors $2.85 for each share cancelled. The stock will then be split on a seven for three basis.