TEL 0.88% $2.87 telecom corporation of new zealand limited

Ann: BUYBACK: TEL: Daily Buyback Notice

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    TEL
    16/11/2012 09:09
    BUYBACK
    
    REL: 0909 HRS Telecom Corporation of New Zealand Limited
    
    BUYBACK: TEL: Daily Buyback Notice
    
    SARAH MILLER
    Company Secretary
    
    Market Information Services Section
    NZX Limited
    Wellington
    
    16 November 2012
    
    NOTIFICATION OF ACQUISITION OF SECURITIES
    
    For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, this
    notice concerns those securities in Telecom Corporation of New Zealand
    Limited ("Telecom") that have been acquired on market by Telecom on 15
    November 2012.
    Details of the acquisition are as follows:
    
    a) Security Acquired Ordinary Shares
        ISIN NZTELE0001S4
    
    b) Number of securities acquired
     1,080,000
    c) Average consideration per security acquired
     $2.3726
    d) Payment type
     Cash Payment
    e) Any amount paid up (if not in full) Not applicable
    f) Percentage of total securities acquired
     0.0582%
    g) Reason for acquisition Return of surplus capital to shareholders
    
    h) Specific authority for the acquisition
    
    Directors' Resolution
    i) Any terms of the acquisition
     Not applicable
    j) Total number of securities after acquisition
     1,854,486,099
    
    k) Intentions for shares acquired
     Cancellation
    l) Date of acquisition
     15 November 2012
    
    Yours faithfully
    
    Sarah Miller
    Company Secretary
    End CA:00229824 For:TEL    Type:BUYBACK    Time:2012-11-16 09:09:22
    				
 
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