Tag: Capital Return

Capital return final court orders received

Posted on 28 April 2017

New Zealand Oil & Gas has received final High Court orders approving a return of capital by way of a scheme of arrangement under Part 15 of the Companies Act 1993.

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Inland Revenue binding ruling on Scheme of Arrangement

Posted on 18 April 2017

A favourable ruling has been received from Inland Revenue on a scheme of arrangement that, if approved by the court, will return $100 million of capital to ordinary shareholders of New Zealand Oil & Gas.

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Special meeting – Updated voting results

Posted on 13 April 2017

A special meeting of New Zealand Oil & Gas shareholders yesterday voted on the following resolution:

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Shareholders Approve Scheme of Arrangement

Posted on 12 April 2017

A resolution approving a $100m return of capital was passed by a resounding majority at a special meeting of New Zealand Oil & Gas shareholders held at 10am this morning.

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Capital Return Interim Orders Received

Posted on 20 March 2017

On 8 March New Zealand Oil & Gas announced its intention to seek a court-approved scheme of arrangement to return $100 million of capital to shareholders.   
 
New Zealand Oil & Gas has now received initial orders from the High Court to seek shareholder approval of the scheme.  

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Scheme Of Arrangement – Financial Information

Posted on 10 March 2017

On 8 March New Zealand Oil & Gas announced its intention to seek a court-approved scheme of arrangement to return $100 million of capital to shareholders. New Zealand Oil & Gas will today file an application in the High Court for initial orders to begin the process implementing the scheme.

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Scheme of arrangement to return nz$100 million to shareholders

Posted on 8 March 2017

New Zealand Oil & Gas will seek a court-approved scheme of arrangement to return $100 million of capital to shareholders.

 

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Capital return final court orders

Posted on 29 January 2015

New Zealand Oil & Gas has received final High Court orders approving a return of capital.

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Timing for final Court orders for capital return

Posted on 22 December 2014

Final court orders approving the return of approximately $60 million of capital to shareholders by way of a Scheme of Arrangement under Part 15 of the Companies Act 1993 are expected in late January

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Special Meeting of Shareholders results

Posted on 19 December 2014

One resolution was voted on by shareholders at the Special Meeting of Shareholders of New Zealand Oil & Gas.

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