BONUS: CEN: Profit Distribution Plan - strike price, bonus issue ratio

17 Mar 2010 8:39 am

CEN 17/03/2010 BONUS

REL: 0839 HRS Contact Energy Limited

BONUS: CEN: Profit Distribution Plan - strike price, bonus issue ratio

17 March 2010

PROFIT DISTRIBUTION PLAN - STRIKE PRICE AND BONUS ISSUE RATIO

Contact Energy Limited advises that the final strike price per non-taxable bonus share to be issued pursuant to the company's 2010 financial year interim distribution under the Profit Distribution Plan is $6.0962532.

The Bonus Issue Ratio is calculated as follows:

Distribution amount per share: $0.11

Volume weighted average sale price of Contact Energy Shares on NZSX (for the period 10 March to 16 March, inclusive): $6.0962532

Discount applicable: Nil

Strike Price: $6.0962532

The Bonus Issue Ratio is calculated as: $0.11 / $6.0962532

The Bonus Issue Ratio is therefore 0.01804387 bonus shares for every one share held, or one bonus share for every 55.42048364 shares held.

Contact gives notice in accordance with Rule 7.6.2 that pursuant to the Plan it will buy back up to a maximum of 10,815,501 of its ordinary shares, being the total number of non-taxable bonus shares to be issued in respect of the interim distribution, on 30 March 2010.

Shareholders are reminded that the cut-off time for receipt by Computershare Investor Services Limited of buy back offer acceptance notices is 12 noon on Thursday 25 March 2010. Shareholders wishing to retain the bonus shares to be issued to them under the Plan do not need to take any action.

An updated Appendix 7 has been provided to NZX.

Louise Griffin Communications Advisor 496 1567 End CA:00192574 For:CEN Type:BONUS Time:2010-03-17:08:39:13

More announcements for CEN