Tower Acquires 38.1 Million Ordinary Shares as Part of Capital Return

MT Newswires Live

2025/03/21

Tower (NZE:TWR, ASX:TWR) bought back 38.1 million ordinary shares in the company for NZ$1.1858 each, according to a Friday filing with the New Zealand and Australian bourses.

The shares were acquired as part of the insurer's capital return.

As a result, 1 ordinary share for every 10 ordinary shares held on March 19 was canceled, per the filing.

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