Spark accepts offer for HTAL shareholding

Spark New Zealand Limited   
ARBN 050 611 277 Spark City, Level 1, 50 Albert Street, Private Bag 92028, Auckland, New Zealand 



MARKET RELEASE – MONDAY, 23 JUNE 2025


Spark accepts offer for HTAL shareholding

Spark New Zealand (Spark) announced today that it has accepted an offer from Hutchison
Telecommunications (Amsterdam) BV, an indirect wholly owned subsidiary of CK Hutchinson Holdings
Limited, to sell its 10% shareholding in Hutchison Telecommunications (Australia) Limited (HTAL).

The Independent Expert report included within HTAL’s Target Statement valued HTAL’s shares within the
range of A$0.009 per share to A$0.022 per share. The offer of A$0.032 per share is a 45% premium to the
upper end of this valuation range, and a 39% premium to the three-month VWAP
1
on the ASX prior to the
announcement of the takeover offer.

The decision to divest the shareholding is consistent with Spark’s current strategic review of non-core
assets. The transaction is expected to deliver cash proceeds of NZ$47 million in July 2025, which will be
used to reduce net debt.


Authorised by:
Rodney Deacon
Finance Lead Partner – Investor Relations and Commercial



For more information contact

For media queries please contact:
Althea Lovell
Corporate Relations Lead Partner
(64) 21 222 2992
althea.lovell@spark.co.nz

For investor queries please contact:
Rodney Deacon
Finance Lead Partner – Investor Relations and Commercial
(64) 21 631 074
rodney.deacon@spark.co.nz


About Spark

As New Zealand's largest telecommunications and digital services company, Spark’s purpose is to help all
of New Zealand win big in a digital world. Spark provides mobile, broadband, and digital services to
millions of New Zealanders and thousands of New Zealand businesses.
www.sparknz.co.nz






1
Volume weighted average price