Sky Announces Share Consolidation

Sky New Zealand
PO Box 9059
Newmarket
Auckland 1149
New Zealand

10 Panorama Road
Mt Wellington
Auckland 1060
New Zealand

T. +64 9 579 9999

sky.co.nz




25 August 2021



SKY ANNOUNCES SHARE CONSOLIDATION
Sky announces share consolidation of 1 share per 10 shares currently on issue.
The Board of Sky Network Television Limited (Sky) (NZX / ASX: SKT) advises that it has resolved to
implement a share consolidation to rationalise the number of ordinary shares on issue.
Every 10 Sky shares held at 5:00 p.m. on 16 September 2021 will be consolidated into 1 share, with all
fractional entitlements rounded to the nearest whole number of shares and a fractional entitlement
to half a share being rounded up.
As a result of the consolidation, the number of shares on issue in Sky will be reduced from
1,746,879,558 to approximately 174,687,956 shares.
The intended timetable for the share consolidation is as follows:
Tuesday 14 September 2021 Last day for trading in pre-consolidation shares on the NZX
Main Board and ASX
Wednesday 15 September 2021 Ex-date for the consolidation. Sky’s shares are expected to
enter a two-day trading halt from this date
Thursday 16 September 2021 Record date for the consolidation
Friday 17 September 2021 Commencement of trading in post-consolidation shares on a
normal settlement basis on NZX and on a deferred
settlement basis on ASX
Monday 20 September 2021 Despatch of holding statements and trading in post-
consolidation shares on a normal settlement basis on ASX

Shareholders will receive a statement from Sky’s share registrar, Computershare, a few days after the
effective date of the consolidation notifying them of their new shareholding.
Pre-consolidation holdings in the same name will be aggregated for calculation of entitlements and
Sky reserves the right to aggregate holdings held by associated shareholders where it considers that
holdings have been split in order to take advantage of rounding.
This announcement has been authorised for release by the Sky Board of Directors.
Philip Bowman
Chair of the Board of Directors
Sky Network Television Limited

2

Queries may be directed to:
James Bishop
Company Secretary
P: +64 21 630 635
E: james.bishop@sky.co.nz

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Corporate Action Notice
(Other than for a Distribution)

Page 1 of 2
Section 1: issuer information (mandatory)
Name of issuer Sky Network Television Limited
Class of Financial Product Ordinary shares
NZX ticker code SKT
ISIN (If unknown, check on NZX
website)
NZSKTE0001S6
Name of Registry Computershare Investor Services Limited
Type of corporate action
(Please mark with an X in the relevant
box/es)
Share purchase
plan

Renounceable
Rights issue

Capital
reconstruction
x
Non
Renounceable
Rights issue

Call Bonus issue
Record date 16/09/2021
Ex-Date (one business day before the
Record Date)
15/09/2021
Currency NZD
Section 5: Capital reconstruction (delete if not applicable)
Nature of capital reconstruction
(Please mark with an X in
applicable box)
Financial Product
Split

Financial
Product
Consolidation
x
Other Amalgamation
Ratio (for example 1 for 2) New 1 Existing 10
Treatment of fractions
Fractional entitlements rounded to the nearest whole
number of shares (and a fractional entitlement to half a
share being rounded up)
Number of Financial Products to be
issued/ redeemed
As a result of the financial product consolidation, the
number of shares on issue in Sky will be reduced from
1,746,879,558 to approximately 174,687,956
Per Financial Product amount (if
cash reconstruction)
N/A
Payment date (if cash
reconstruction)
N/A
Allotment date 17/09/2021
Section 7: Authority for this announcement (mandatory)
Name of person authorised to make this
announcement
James Bishop
Contact person for this announcement James Bishop

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Contact phone number 021 630 635
Contact email address James.Bishop@sky.co.nz
Date of release through MAP 25/08/2021