Amended Burger Fuel Group Limited (“BFG”) – Capital Return
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:
Wednesday, 29 May 2024
Subject
: Burger Fuel Group Limited (“BFG”) – Capital Return to Shareholders
Message
:
On Friday, 27 October 2023 Burger Fuel Group Limited (BFG) announced its intention to return
approximately $4.077 million of capital to BFG shareholders by way of a Court and shareholder
approved scheme of arrangement under Part 15 of the Companies Act 1993 (Proposed
Scheme).
The terms of the Proposed Scheme are that:
a) 30% of the shares held by each shareholder shall be cancelled (together with all rights
attaching to those shares). If multiplying the number of shares owned by shareholders
by 0.30 (being the decimal form of 30%) does not result in a whole number, then the
resulting number will be rounded up or down to the nearest whole number of shares
(with 0.5 rounded up).
b) BFG shall pay NZ$0.27 to each shareholder for each share registered in the name of
that shareholder which has been cancelled.
In order to correctly reflect BFG’s market capitalisation, BFG’s information in NZX’s systems will
be displayed on a post-cancellation basis from Ex Date.
By 12pm on Wednesday, 5 June 2024, trading will resume in BFG ordinary shares.
A timetable of events is detailed below:
Event Date
Trading halt applied
Thursday, 30 May 2024 (at close of trading
day)
Ex Date
Friday, 31 May 2024
Record Date
5:00pm, Tuesday, 4 June 2024
Implementation Date
Wednesday, 5 June 2024
Post cancellation trading resumes, trading
halt lifted
By 12pm on Wednesday, 5 June 2024
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.
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