Sky Network Television Limited logo

Completion of share consolidation

Capital Change16 September 2021SKTCommunication Services

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



17 September 2021






SKY COMPLETES SHARE CONSOLIDATION

Further to the announcement on 25 August 2021, Sky Network Television Limited (Sky) (NZX / ASX:

SKT) advises that the consolidation of every 10 Sky shares held at 5:00 p.m. on 16 September 2021

into 1 share has now been completed.

The total issued capital of shares after the consolidation is 174,688,323 shares as set out in the

attached capital change notice, slightly higher than the 174,687,956 estimated prior to the start of the

consolidation process. This was due to the rounding of fractional entitlement to shares.

Sky’s share registry, Computershare, will be sending out notices to shareholders on Monday 20

September regarding their new shareholdings.

Sky’s shares will resume trading on NZX on a post consolidation basis today.

On ASX, the post-consolidation shares are also expected to resume trading on a deferred settlement

basis under the code SKTDA today. Trading in the post-consolidation shares on a normal settlement

basis will commence under the code SKT on Monday, 20 September 2021.

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


Queries may be directed to:

James Bishop

Company Secretary

P: +64 21 630 635

E: james.bishop@sky.co.nz



Capital Change Notice


Updated as at 17 October 2019




Section 1: Issuer information

Name of issuer Sky Network Television

Limited

NZX ticker code SKT

Class of financial product Ordinary shares

ISIN (If unknown, check on NZX website) NZSKTE0001S6

Currency NZD

Section 2: Capital change details

Number issued/acquired/redeemed 1,572,191,235

Nominal value (if any) N/A

Issue/acquisition/redemption price per security N/A

Nature of the payment (for example, cash or other

consideration)

Rounding of shares during

consolidation process

Amount paid up (if not in full) N/A

Percentage of total class of Financial Products

issued/acquired/redeemed/ (calculated on the number of

Financial Products of the Class, excluding any Treasury Stock,

in existence)

1


89.999979%

For an issue of Convertible Financial Products or Options, the

principal terms of Conversion (for example the Conversion

price and Conversion date and the ranking of the Financial

Product in relation to other Classes of Financial Product) or the

Option (for example, the exercise price and exercise date)

Not applicable

Reason for issue/acquisition/redemption and specific authority

for issue/acquisition/redemption/ (the reason for change must

be identified here)

Rounding of shares due to

fractional entitlements as a

result of share consolidation

exercise where every 10

shares were consolidated into

1 share (Board resolution)

Total number of Financial Products of the Class after the

issue/acquisition/redemption/Conversion (excluding Treasury

Stock) and the total number of Financial Products of the Class

held as Treasury Stock after the issue/acquisition/redemption.

174,688,323

In the case of an acquisition of shares, whether those shares

are to be held as treasury stock

N/A

Specific authority for the issue, acquisition, or redemption,

including a reference to the rule pursuant to which the issue,

acquisition, or redemption is made

Board resolution

Terms or details of the issue, acquisition, or redemption (for

example: restrictions, escrow arrangements)

N/A


1

The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion.



Date of issue/acquisition/redemption

2

17/09/2021

Section 3: Authority for this announcement and contact person

Name of person


authorised to make this announcement James Bishop

Contact person for this announcement James Bishop

Contact phone number +64 21 630 635

Contact email address james.bishop@sky.co.nz

Date of release through MAP


17/09/2021





2

Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant

issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.