10 Sep 2012

Warning issued about low offers for shares

1:25 pm on 10 September 2012

Vector is warning shareholders to be aware of potential 'low ball' share offers, after two requests from third parties for Vector's share register.

Chairman Michael Stiassny says he's concerned that the requests will lead to unsolicited offers for shares, at a lower price than the current share price.

He says shareholders who receive an unexpected offer to buy their shares should seek advice and check the share price before deciding.

Last year more than 300 Vector shareholders responded to an unsolicited share offer and sold their shares for a third less than the market price.