Capital Return to Shareholders Implemented

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
22 November 2022
Capital Return to Shareholders Implemented
Sky Network Television Limited (Sky) confirms it has implemented its capital return of approximately
NZ$70 million to its shareholders.
As part of the capital return, 1 ordinary share for every 6 ordinary shares held by shareholders on 21
November 2022 has been cancelled, with fractions rounded up or down to the nearest whole share
(with 0.5 rounded up). The total number of shares on issue following the capital return is 145,573,191.
Payments to shareholders will be processed on 29 November 2022 in accordance with the terms of the
capital return.
ENDS
Authorised by: James Bishop, Company Secretary
For further information, please contact:
James Bishop
Company Secretary
Sky Network Television Limited
James.Bishop@sky.co.nz
Investors can also submit queries to: investorrelations@sky.co.nz

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Capital Change Notice





Section 1: Issuer information
Name of issuer
Sky Network Television
Limited (Sky)
NZX ticker code SKT
Class of financial product Ordinary shares
ISIN (If unknown, check on NZX website) NZSKTE0001S6
Currency NZD / AUD
Section 2: Capital change details
Number issued/acquired/redeemed 29,115,132
Nominal value (if any) N/A
Issue/acquisition/redemption price per security
NZ$2.40, with shareholders
with an address on the register
in Australia on the record date
receiving A$2.21 based on the
NZD/AUD exchange rate of
0.921914.
Nature of the payment (for example, cash or other
consideration)
Cash
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)
16.67%
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)
N/A
Reason for issue/acquisition/redemption and specific authority
for issue/acquisition/redemption/ (the reason for change must
be identified here)
Return of capital to
shareholders by way of a Court
approved scheme of
arrangement under Part 15 of
the Companies Act 1993
(Scheme).
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.
145,573,191

No treasury stock
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
Part 15 of the Companies Act
1993.

Terms or details of the issue, acquisition, or redemption (for
example: restrictions, escrow arrangements)
One share cancelled for every
six shares held (together with
all rights attaching to those
shares) on the Record Date for
the return. Fractions of a share
will be rounded up or down to
the nearest whole number
(with 0.5 rounded up).
Shareholders will receive funds
by 29 November 2022 in
accordance with the terms of
the Scheme.
Date of issue/acquisition/redemption 22/11/2022
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 22/11/2022

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This appendix is available as an online form
Only use this form if the online version is not available +Rule 3.10.3E
+ See chapter 19 for defined terms
5 June 2021 Page 1
Appendix 3H
Notification of cessation of +securities
Information and documents given to ASX become ASX’s property and may be made public.
*Denotes minimum information required for first lodgement of this form.
Part 1 – Entity and announcement details
Question
no
Question Answer
1.1 *Name of entity
We (the entity named above) provide the following
information about our issued capital.
1

Sky Network Television Limited
1.2 *Registration type and number
Please supply your ABN, ARSN, ARBN, ACN or
another registration type and number (if you supply
another registration type, please specify both the
type of registration and the registration number).
ABN 70 653 143 224
1.3 *ASX issuer code SKT
1.4 *The announcement is
Select whichever is applicable.
☒ New announcement
☐ Update/amendment to previous
announcement
☐ Cancellation of previous
announcement
1.4a
*Reason for update
Answer this question if your response to Q 1.4 is
“Update/amendment to previous announcement”.
N/A
1.4b
*Date of previous announcement to this
update
Answer this question if your response to Q 1.4 is
“Update/amendment to previous announcement”.
N/A
1.4c
*Reason for cancellation
Answer this question if your response to Q 1.4 is
“Cancellation of previous announcement”.
N/A
1.4d
*Date of previous announcement to this
cancellation
Answer this question if your response to Q 1.4 is
“Cancellation”.
N/A
1.5 *Date of this announcement 22/11/2022

1
Listing rule 3.10.3E requires an entity to notify ASX of details of the cessation of:
(a) any securities issued under an employee incentive scheme:
(i) to key management personnel or an associate, within 5 business days of their cessation;
(ii) to someone who is not key management personnel or an associate, within 10 business days of the end of the
quarter in which the cessation occurred;
(b) any other equity securities not otherwise notifiable to ASX under rule 3.8A, within 5 business days of their cessation; or
(c) any quoted debt securities, within 5 business days of their cessation.
The notification must be in the form of, or accompanied by, an Appendix 3H.
Listing rule 3.8A requires an entity to notify ASX of the cessation of securities pursuant to a buy-back by giving ASX an
Appendix 3H:
• in the case of a minimum holding buy-back, within 5 business days of the completion of the buyback; or
• in all other cases, within 5 business days of giving ASX the final notice for the buy-back.

This appendix is available as an online form Appendix 3H
Notification of cessation of +securities
+ See chapter 19 for defined terms
5 June 2021 Page 2
Part 2 – Details of +equity securities or quoted +debt securities that
have ceased
Question
No.
Question Answer
2.1 *ASX +security code and description SKT
2.2 *Number of securities that have ceased 29,115,132
2.3 *Reason for cessation
Note: the conversion of a convertible security (which
is notifiable to ASX under Listing Rule 3.10.3B) is
not regarded as the “cessation” of the convertible
security for the purposes of this rule. Likewise, the
payment up of a partly paid security resulting in it
becoming a fully paid security (which is notifiable to
ASX under Listing Rule 3.10.3D) is not regarded as
the “cessation” of the partly paid security for the
purposes of this rule.
☐ Expiry of option or other convertible
security without exercise or conversion
☐ Lapse of conditional right to securities
because the conditions have not been,
or have become incapable of being,
satisfied
☐ Cancellation pursuant to a minimum
holding buy-back
☐ Cancellation pursuant to an employee
share scheme buy-back
☐ Cancellation pursuant to an on-market
buy-back
☐ Cancellation pursuant to an equal
access scheme buy-back
☐ Cancellation pursuant to a selective
buy-back
☐ Cancellation pursuant to another form
of buy back
☒ Cancellation pursuant to a reduction of
capital
☐ Cancellation pursuant to a scheme of
arrangement or other reconstruction
☐ Cancellation by agreement between
the entity and the holder
☐ Repayment or redemption of
+convertible debt security without
conversion
☐ Repayment or redemption of quoted
+debt security
☐ Redemption of redeemable preference
securities
☐ Redemption of units
☐ Cancellation of partly paid +securities
upon which a call or instalment has
not been paid
☐ Other
If you have selected ‘other’ please provide additional
details regarding the reason for cessation here:

This appendix is available as an online form Appendix 3H
Notification of cessation of +securities
+ See chapter 19 for defined terms
5 June 2021 Page 3
2.4 *Date of cessation 22/11/2022
2.5
*Is the entity paying any consideration for
the cessation?
Example: the payment of an amount to the holder of
an option or right as consideration for the holder to
agree to a cancellation of the option or right.
The repayment of the principal amount of a
convertible debt security or quoted debt security in
accordance with its terms is not regarded as
consideration paid for the cessation of that security.
Yes
2.6
*In what currency is the consideration
being paid?
Answer this question if your response to Q 2.5 is
“Yes”
NZD
2.6a
*Consideration amount per +security paid
by the entity for the cessation
Answer this question if your response to Q 2.5 is
“Yes”
The consideration amount per security should be
provided per the currency specified in Q2.6.
Note: This question is not applicable for buy-back
events (i.e. Minimum Holding, Employee, On-Market,
Equal Access, Selective),
NZD 2.40
2.6b
*Total consideration paid or payable for
the securities
The total consideration amount should be provided
per the currency specified in Q2.6.

Note: This question is applicable to buy-back events
only (i.e. minimum holding, employee share scheme,
on-market, equal access scheme, selective or other),
NZD$69,876,316.80
2.7
Any other information the entity wishes to
notify to ASX about the cessation?
Shareholders with an address on the
register in Australia on the record date will
receive A$2.21 based on the NZD/AUD
exchange rate of 0.921914.

Repeat the above questions if you are advising the cessation of more than one security class.

This appendix is available as an online form Appendix 3H
Notification of cessation of +securities
+ See chapter 19 for defined terms
5 June 2021 Page 4
Part 3 – Issued capital following changes
Following the cessation of the +securities the subject of this notification, the issued capital of the
entity will comprise:
3.1
*Quoted +equity securities and +debt securities (total number of each +class of
+securities quoted on ASX)
ASX +security code and description Total number of +securities on issue
SKT - Ordinary Fully Paid




145,573,191

3.2
*Unquoted +equity securities (total number of each +class of +equity securities
issued but not quoted on ASX):
ASX +security code and description Total number of +securities on issue
N/A




N/A

Note: the figures provided in the tables in sections 3.1 and 3.2 above are used to calculate the total market capitalisation of
the entity published by ASX from time to time. Please make sure you include in the relevant table each class of securities
issued by the entity.
If you have quoted CHESS Depository Interests (CDIs) issued over your securities, include them in the table in section 3.1.
Restricted securities should only be included in the table in section 3.1 if you are applying to have them quoted because the
escrow period for the securities has expired or is about to expire. Otherwise include them in the table in section 3.2.
Introduced 05/06/21