| All shares rank equally with one vote attached to each share, have no par value and are fully paid.On 15 May 2008, the Company announced a resolution allowing it to buy back up to 5,000,000 of its own shares. Shareholders approved an extension to the share buyback programme in July 2011. As at 31 March 2013, since the start of the buyback programme, 1,793,000 shares had been purchased at a total cost of $12,712,000 (2012: 1,756,000 shares at a total cost of $12,452,000). All shares repurchased were purchased through the NZX stock exchange at market price. As at 31 March 2013 56,000 of these shares had been reissued or cancelled (2012: 20,000).
|