Prospective Buyback of Securities On-Market
11 December 2018
BY EMAIL: announce@nzx.com
NZX Limited
WELLINGTON
Enprise Group Limited (ENS) – Prospective Buyback of Securities On-Market
ENS advises that it proposes to acquire up to a maximum of 478,878 ordinary fully paid shares in the
Company on-market at any time during the period commencing three Business Days after the date
of this market releases and ending 12 calendar months after the date of this market release.
The Board of the Company has resolved that the potential on-market acquisition of the shares is an
appropriate course of action to take for the following reasons:
The company considers the proposed purchase price is below market value and what the
board considers to be the fair value of those shares;
The company has no plans for or need to retain the funds it proposes to deploy towards
purchasing the ENS shares as part of the buyback. Acquiring the shares allows the company
to maintain an appropriate debt to equity ratio.
For further information please contact:
Elliot Cooper
CEO – Enprise Group Limited
Phone: 09 8295500
Email: elliotC@enprisegroup.com
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