Sky Network TV Ltd (“SKT”) – Capital Return to Shareholders
NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599
www.nzx.com
Memorandum
To:
Market Participants
From:
NZX Product Operations
Date:
Friday, 11 November 2022
Subject
: Sky Network Television Limited ("SKT") - Capital Return to Shareholders
Message
:
On 25 August 2022 Sky Network Television Limited ("SKT") announced that it intended to return
capital to its shareholders by way of scheme of arrangement. On 2 November 2022, SKT
shareholders approved the return of capital.
The scheme will involve SKT's shareholders:
(a) having 1 share cancelled for every 6 shares held (together with all rights attaching to those
shares). Fractions of a share will be rounded up or down to the nearest whole number (with 0.5
rounded up); and
(b) receiving a cash sum of NZD$2.40 for each share cancelled. Shareholders on the record
date for the scheme with an address on the register in Australia will be paid NZ$2.40 converted
into Australian dollars at an exchange rate approved by SKT on or about the record date.
In order to correctly reflect SKT’s market capitalisation, SKT’s information in NZX’s systems will
be displayed on a post-cancellation basis from Ex Date.
The trading halt on SKT ordinary shares will extend from the commencement of trading on
Friday, 18 November until the earlier of:
(a) an announcement by SKT that the scheme has been implemented; and
(b) 12.00pm Tuesday, 22 November.
A timetable of events is below
Event Date
Last day of trading in SKT on NZX Main
Board pre-cancellation
Thursday, 17 November 2022
Ex Date and trading halt applied Friday, 18 November 2022
Record Date 5.00pm, Monday, 21 November 2022
Implementation Date Tuesday, 22 November 2022
Post cancellation trading resumes,
trading halt lifted
By 12pm on Tuesday, 22 November 2022
Payment to Shareholders Tuesday, 29 November 2022
Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.
ENDS
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.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- SKL — Skellerup Holdings Limited: Issue of Shares2022-11-01
“Skellerup Holdings Limited Capital Change Notice This notice given under NZX Listing Rules 3.13.1 and 3.15.2 and relates to the exercise of options under the Skellerup Share Option Plan. After the exercise of the options detailed in this notice, there will be no furt…”
- SKC — SkyCity Entertainment Group Limited: 2022 ANNUAL MEETING OF SHAREHOLDERS AND TRADING UPDATE2022-10-27
“1 2 3 4 --- 1 2 3 4 5 --- • • • • • • --- • • • • • • • •…”
- SKL — Skellerup Holdings Limited: Issue of options under the Skellerup Share Option Plan2022-11-01
“Skellerup Holdings Limited Capital Change Notice Section 1: Issuer information Name of issuer Skellerup Holdings Limited NZX ticker code SKL Class of financial product Unquoted share options (Options), convertible to Skellerup Holdings Limited ordinary shares purs…”