Brief: Investore Property Announces Share Buyback Programme To Purchase Up To 5% Of Ordinary Shares

Investore Property

31/07/2018 21:47

Aug 1 (Reuters) - Investore Property Ltd  IPL.NZ :
    * ANNOUNCES THAT IT WILL BEGIN AN ON-MARKET SHARE BUYBACK
PROGRAMME TO PURCHASE UP TO 5% OF ITS ORDINARY SHARES
    * BUYBACK TO ONLY ACQUIRE SHARES ON NZX MAIN BOARD & MAY
OCCUR
FROM 6 AUG FOR PERIOD OF UP TO 1YEAR FROM DATE OF THE NOTICE
    * STRIDE PROPERTY CONFIRMED THAT IT DOES NOT INTEND TO
PARTICIPATE
IN SHARE BUYBACK
    * ALSO CONSIDERING ADDITIONAL CAPITAL MANAGEMENT INITIATIVES
AT AN
APPROPRIATE TIME, WHICH MAY INCLUDE A SECOND BOND ISSUE

Source text for Eikon:  ID:nNZW8XHbLZ 
Further company coverage:  IPL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))