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NZK - Proposed Buyback of certain Option Shares

Monday 9th October 2023

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New Zealand King Salmon Investments Ltd (NZX & ASX: NZK) announces that the put option granted to Grant Rosewarne will remain available for exercise until 28 February 2024.

 

NZK announced on 1 November 2022 that, in connection with Mr Rosewarne’s resignation, the company had agreed to grant Mr Rosewarne a put option in connection with certain long term incentive plans for the purpose of repaying a loan owed by Mr Rosewarne to the company in relation to the acquisition of certain shares held by a family trust associated by Mr Rosewarne. The put option was initially approved for a 12 month period.

 

As the put option has not been exercised within 12 months of 1 November 2022, a further disclosure document for the purposes of section 61 of the Companies Act 1993 to facilitate the exercise of the put option on the terms disclosed on 1 November 2022 accompanies this announcement and will be sent to all shareholders shortly.

 

Authorised by:

Board of Directors of New Zealand King Salmon Investments Ltd

 

Ends

 



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