Air New Zealand Purchases Over 500,000 Ordinary Shares for Cancellation

MT Newswires Live

04/08

Air New Zealand (ASX:AIZ, NZE:AIR) repurchased for cancellation 508,986 ordinary shares, according to a Tuesday filing with the New Zealand and Australian bourses.

The company acquired 317,152 ordinary shares on New Zealand's Stock Exchange at an average price of NZ$0.577 each and 191,834 ordinary shares on the Australian Securities Exchange for an average price of AU$0.525 apiece.

The company's shares rose 1% on the Australian bourse in recent Tuesday trade.

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