Sky’s New Share Buyback

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 March 2024

Sky’s New Share Buyback
Sky Network Television Limited (Sky) confirms that, as noted in its interim results on 22 February
2024, a new on-market share buyback programme will be in effect from 1 April 2024, immediately
following the conclusion of Sky’s current share buyback programme.
The buyback programme may run for up to 12 months and the Company will acquire shares through
the NZX and ASX at the prevailing market price from time to time in that period.
The buyback programme will be for a maximum aggregate purchase price of NZD$15 million and up
to a maximum of 7,033,120 shares. The number of shares is set in accordance with section 65 of the
Companies Act 1993.
The number of shares purchased under the buyback from time to time will be notified to the NZX
and ASX on the business day following the date on which those shares are bought back. Shares
bought back will be cancelled upon acquisition, so the number of shares on issue will reduce
accordingly.
The buyback programme is not expected to continue during any Prohibited Period (as defined in
Sky’s Securities Trading Policy available on its website: www.sky.co.nz). This includes, in respect of
Sky’s 2024 full year results, the period from the close of 30 May 2024 until the first trading day after
Sky’s full year results announcement is made in August 2024 and a similar period from the close of
30 November 2024 until the first trading day after the release of its half year results in February
2025.
Throughout the buyback period, Sky will continue to assess market conditions, its prevailing share
price, available investment opportunities and all other relevant considerations. Sky reserves the right
to suspend without notice or terminate the buyback programme at any time.
ENDS

Authorised by Kirstin Jones, Company Secretary
Kirstin.jones@sky.co.nz

Investor queries to: Media queries to:
Amanda West Chris Major
Investor Relations Chief Corporate Affairs Officer
amanda.west@sky.co.nz chris.major@sky.co.nz