Air New Zealand concludes share buyback, reduces total ordinary shares

Air New Zealand Limited announced the acquisition of 3,472,919 ordinary shares through its on-market and off-market buyback programmes. This move, approved by a board resolution on 20 February 2025, saw 1,701,461 shares acquired on NZX and ASX, and an additional 1,771,458 shares acquired off-market from the Crown. The total percentage of the class of financial products acquired represents 0.1053% of the existing shares, excluding any treasury stock.

The acquisitions were settled in cash and paid in full. The average price for shares acquired on NZX was NZD $0.6065, while those on ASX averaged AUD $0.5449. Shares acquired from the Crown were priced at NZD $0.6062. All acquired shares will be cancelled and will not be held as treasury stock.

Post-acquisition, the total number of ordinary shares, excluding treasury stock, stands at 3,294,821,146. The shares acquired on NZX and ASX on 04/09/2025 will be settled and cancelled on 08/09/2025, with those from the Crown acquired on 05/09/2025 to be settled and cancelled on 09/09/2025.