Air New Zealand completes share buyback, reduces outstanding shares

Air New Zealand has completed a capital change, acquiring a total of 1,392,455 ordinary shares. This includes 682,195 shares acquired on NZX and ASX, and an additional 710,260 shares purchased off-market from the Crown. The acquisitions, part of a Board-approved buyback programme announced on February 20, 2025, represent 0.0427% of the total class of financial products. All acquired shares will be cancelled and will not be held as treasury stock.

The on-market acquisitions were priced at an average of NZD $0.6007 for shares on NZX and AUD $0.5298 for shares on ASX. The off-market purchase from the Crown was executed at NZD $0.6010 per share. All transactions were settled in cash and paid in full.

Following these acquisitions, the total number of ordinary shares outstanding (excluding Treasury Stock) now stands at 3,262,876,571, with 93 shares held as Treasury Stock. The shares acquired on NZX and ASX are scheduled for settlement and cancellation on October 13, 2025, while shares acquired from the Crown will be settled and cancelled on October 14, 2025.