Announcement
GENERAL: PFI: PFI Share Buyback Programme to Pause
10:15am
PFI
01/07/2022 10:15
GENERAL
NOT PRICE SENSITIVE
REL: 1015 HRS Property for Industry Limited
GENERAL: PFI: PFI Share Buyback Programme to Pause
PFI SHARE BUYBACK PROGRAMME TO PAUSE
Property for Industry Limited (PFI or the Company) announced on 25 May 2022
that it would undertake an on-market share buyback programme (the Buyback
Programme).
To date, the Company has bought 724,527 shares or approximately 2.9% of the
shares able to be purchased under the programme, at an average price of
$2.4114.
The Buyback Programme is currently paused as PFI has entered a blackout
period under its Financial Products Trading Policy in relation to its 2022
interim results.
The Buyback Programme is expected to recommence on 23 August 2022, being the
day following PFI's interim results announcement on 22 August 2022, however
PFI will continue to assess market conditions, its prevailing share price,
available investment opportunities and all other relevant considerations, and
reserves the right to further suspend or terminate the Buyback Programme at
any time.
ENDS
ABOUT PFI & CONTACT
PFI is an NZX listed property vehicle specialising in industrial property.
PFI's nationwide portfolio of 97 properties is leased to around 133 tenants.
For further information please contact:
SIMON WOODHAMS
Chief Executive Officer
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Phone: +64 21 749 770
Email: woodhams@propertyforindustry.co.nz
CRAIG PEIRCE
Chief Finance and Operating Officer
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Phone: +64 21 248 6301
Email: peirce@propertyforindustry.co.nz
Property for Industry Limited
Shed 24, Prince's Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
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www.propertyforindustry.co.nz
End CA:00394727 For:PFI Type:GENERAL Time:2022-07-01 10:15:56
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