Air New Zealand completes share buyback, cancels 1.4m shares

Air New Zealand Limited has completed the acquisition of 1,473,072 ordinary shares, representing 0.0452% of its total class of financial products. This comprises 721,691 shares acquired on the NZX and ASX, and 751,381 shares acquired off-market from the Crown, acting through the minister of finance. The buyback aligns with programs announced on February 20, 2025.

The on-market acquisitions were executed at an average price of NZD $0.5976 on the NZX for 498,586 shares and AUD $0.5239 on the ASX for 223,105 shares. The off-market acquisition from the Crown was priced at NZD $0.5962 per share. All shares were acquired for cash and are paid in full.

These shares, acquired under Board resolutions and NZX Listing Rule 4.14.1, will be cancelled and will not be held as treasury stock. The NZX and ASX shares are scheduled for settlement and cancellation on October 21, 2025, with the Crown-acquired shares to follow on October 22, 2025.