New Zealand Oil and gas
SHAREPRICE

Minimum shareholdings and Gone No Address holders

Posted on 13 April 2018

New Zealand Oil & Gas has written to shareholders who have less than a minimum holding,
and shareholders whose mail is being returned 'Gone No Address'. A copy of the letters to the relevant shareholders is attached.

 

MINIMUM SHAREHOLDINGS

Around half the shareholders on the New Zealand Oil & Gas register hold fewer than 500 shares. Some small shareholders have expressed concern about the difficulty they face in selling their shares. The cost of brokerage in any sale would significantly reduce or eliminate the proceeds of that sale. Their shareholdings are essentially locked-in unless New Zealand Oil & Gas provides a facility to enable an economic sale.

The company has decided to operate a scheme that will enable those shares to be sold free of brokerage charges, in accordance with its powers under clause 9.9 of its constitution.

 

GONE NO ADDRESS HOLDERS

Some of the Gone No Address holdings date back to shares purchased in the 1980s and 1990s. While most GNA holdings are small, a few are significant. Shareholders who believe they may have historical New Zealand Oil & Gas holdings, but haven't heard from the company in the past year, should contact Computershare at these numbers or email addresses:

New Zealand

Freephone: 0800 467 335 (within New Zealand) Telephone: +64 9 488 8777 Email: enquiry@computershare.co.nz

Australia

Freephone: 1 800 501 366 (within Australia) Telephone: +61 3 9415 4083 Email: enquiry@computershare.co.nz