Air New Zealand completes share buyback, reducing capital structure

Air New Zealand has announced the acquisition of 914,008 ordinary shares through a board-approved buyback program, as detailed in a recent capital change notice. This total includes 447,793 shares acquired on NZX and ASX, and an additional 466,215 shares acquired off-market from the Crown. The on-market acquisitions were priced at an average of NZD $0.6212 on NZX and AUD $0.5394 on ASX, while the off-market acquisition from the Crown was completed at NZD $0.6218 per share.

The acquired shares represent 0.0282% of the total class of financial products and will be cancelled. Following these transactions, the total number of ordinary shares stands at 3,238,886,792, with 93 shares held as treasury stock. The on-market shares settled and cancelled on November 14, 2025, and off-market shares from the Crown settled and cancelled on November 17, 2025.

The buyback, announced on February 20, 2025, was authorized by a board resolution on the same date and adheres to NZX Listing Rules 4.14.1(a) and 4.14.1(b)(ii). The transaction was conducted for cash consideration, paid in full for all acquired shares.