Carbon fund acquires CO2 units for treasury stock

Carbon Fund (NZX: CO2) has announced the acquisition of CO2 units, to be held as treasury stock, in accordance with Rule 3.13.1 of the NZX Listing Rules and pursuant to the Master Trust Deed. The initial acquisition, dated May 16, 2025, involved 51,000 units at a price of NZD 1.4959 per unit, totaling NZD 76,290.90. A second acquisition, dated May 19, 2025, added another 9,050 units, acquired at a price of NZD 1.5100 each, for a total of NZD 13,665.50. Following these transactions, the total number of fully paid ordinary units in existence, excluding treasury stock, stands at 30,114,495.00 as of May 16 and decreases to 30,105,445.00 units as of May 19. According to a related Net Tangible Assets (NTA) and Allotment Notice, the NTA per unit is NZD 1.7036 as of May 16, 2025. Carbon Fund invests in carbon credits in emissions trading schemes in New Zealand and offshore.