FPH 2.75% $23.66 fisher & paykel healthcare corporation limited

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  1. 493 Posts.
    5 for 1 share split coming up This is a good result from a very good company

    FPH16/09/2004CAPREC REL: 1336 HRS Fisher & Paykel Healthcare Corporation Limited CAPREC: FPH: FPH Share Subdivision and Extension Share Buy Back FISHER & PAYKEL HEALTHCARE NOTIFICATION OF SHARE SUBDIVISION AND EXTENSION OFSHARE BUY BACK PROGRAMME Share SubdivisionAuckland, New Zealand, 16 September 2004 - Fisher & Paykel HealthcareCorporation Limited (NZX:FPH, ASX:FPH) advises that the Board has resolved tosubdivide the Company's existing ordinary shares. Each one existing ordinaryshare in the Company will be subdivided into five ordinary shares. The Boardconsiders that the subdivision will provide additional liquidity in themarket for the Company's shares. The record date for determining the subdivision will be Friday, 1 October2004. The share subdivision will take effect following the close of businesson that day. Shares will be available for trading on a subdivided basis whenthe markets open on Monday, 4 October 2004. All shares will carry equal voting rights and entitlements to futuredividends. All shareholders holding shares at 7.00 pm (New Zealand time) today will besent a letter by the Company advising them of the subdivision. As a result of the ordinary share subdivision the Company advises that itwill reorganise options issued under the Company's Option Plans. Between 2 November 2001 and 16 September 2004 the Company issued a total of3,503,900 options under the Plans, of which 3,388,802 options remainoutstanding. In accordance with the Plan Rules and both the ASX and NZXListing Rules, the outstanding options issued will be adjusted as follows: Date of grant Number of options outstanding Exercise price at date ofissue Number of options outstanding after adjustment Exercise price afteradjustment2 November 2001 1,212,502 NZ$10.65 6,062,510 NZ$2.138 November 2001 246,500 NZ$10.65 1,232,500 NZ$2.135 March 2003 930,300 NZ$11.00 4,651,500 NZ$2.2026 August 2004 999,500 To be calculated from base price of NZ$13.16increased by the cost of equity capital less dividends 4,997,500 Tobe calculated from base price of NZ$2.632 increased by the cost of equitycapital less dividendsThese adjustments will take effect simultaneously with the ordinary sharesubdivision. Share Buy Back In accordance with Listing Rule 7.6.2 and ASX requirements, Fisher & PaykelHealthcare advises that it intends to extend its existing share buy backprogramme which expires on 30 September 2004 for a further six months to 31March 2005 on the following terms (being the same terms of the existing buyback programme except for the extension of time). 1. The shares may be acquired at any time.2. The shares to be acquired are ordinary shares.3. The maximum aggregate amount to be applied by the Company in the buyback is $27,500,000.4. Shares will be purchased at market price.5. The maximum number of shares the Company proposes to purchase is2,400,000 (or 12,000,000 following subdivision) ordinary shares. The actualnumbers will depend on the market price payable, having regard to the maximumaggregate amount which the Company has committed to this buy back.6. To date, the Company has acquired 824,927 at a total cost ofNZ$10,233,682.16 with the remaining number of shares which the Company mayacquire under the share buy back programme being 1,575,073 (or 7,875,365following subdivision). The Company has appointed UBS New Zealand to provide financial advice andassistance in relation to the buy back and the acquisitions pursuant to thebuy back. About Fisher & Paykel HealthcareFisher & Paykel Healthcare is a leading designer, manufacturer and marketerof heated humidification products and systems for use in respiratory care andthe treatment of obstructive sleep apnea. It also offers an innovative rangeof patient warming devices and neonatal care products. The company'sproducts are sold in over 90 countries worldwide. Further information can be obtained by contacting Michael Daniell MD/CEO on+64 9 574 0161 or Tony Barclay CFO on +64 9 574 0119 at Fisher & PaykelHealthcare Corporation Limited or by visiting the company's website atwww.fphcare.com Ends//End CA:00105173 For:FPH Type:CAPREC Time:2004-09-16:13:36:36
 
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$23.66
Change
-0.670(2.75%)
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$23.87 $24.31 $23.19 $20.62M 871.6K

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2 15000 $23.24
 

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Price($) Vol. No.
$23.80 756 1
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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$23.53
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