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TOWER Ltd (TWR.NZ)

TWR.NZ on New Zealand Stock Exchange

0.93NZD
30 Sep 2016
Change (% chg)

$-0.01 (-1.60%)
Prev Close
$0.94
Open
$0.94
Day's High
$0.94
Day's Low
$0.93
Volume
581,262
Avg. Vol
656,200
52-wk High
$2.14
52-wk Low
$0.93

Latest Key Developments (Source: Significant Developments)

Tower increases its claims provisions for Canterbury
Wednesday, 7 Sep 2016 04:30pm EDT 

TOWER Ltd : Tower increases its claims provisions for Canterbury . Says "it expects to strengthen its claims provisions for Canterbury" . Says will consider the final report when it is delivered and will confirm the impact to the market . Says Deloitte, Tower's appointed actuary, has provided Tower with a draft of their latest actuarial review . Says "this draft shows a need to increase provisions for the Canterbury earthquakes" . Says "this increase is expected to result in a NZ$16.2M impact on tower's profit after tax" . Tower has commercial dispute with peak re, entered into in April 2015 and co remains confident in its position on basis of strong legal advice" . Says board has signaled its intention to review the dividend and dividend policy with the full year results .  Full Article

Tower Ltd says Zero Commission NZ intends to approach shareholders with offer
Monday, 15 Aug 2016 04:31pm EDT 

TOWER Ltd : Zero Commission NZ Limited - unsolicited offer . Notified by Zero Commission NZ Limited Of its intention to approach Tower shareholders with an unsolicited offer . Says offer to buy Tower shares at $1.26 per share . Offer at an 8 pct discount to the market price at close of trading on 10 August 2016 of $1.37 per share . All figures in NZ$ .  Full Article

Tower Ltd announces resignation of Brett Wilson as CFO
Monday, 18 Jul 2016 04:30pm EDT 

TOWER Ltd : Resignation of CFO . Resignation of Brett Wilson, chief financial officer. . Commenced executive search, with brett to remain in role until appointment of a new CFO is finalised .  Full Article

Tower Ltd announces share buy back
Tuesday, 2 Jun 2015 07:26pm EDT 

Tower Ltd:Says that on May 26, TOWER Ltd announced that it intended to undertake an on market buy back of up to 17.6 million TOWER shares (representing about 9.99 pct. of TOWER's issued capital as at May 22,) at prevailing market price from time to time on NZSX and ASX.Up to maximum aggregate purchase price of NZ$34 million.Says TOWER proposes to purchase up to 9.99 pct. of its issued shares over the next 12 months, though in order to comply with the limits under the Australian Corporations Act 2001 (Cth) a maximum of 8. pct. % may be purchased before Sept. 12.  Full Article

Tower Ltd announces half-year dividend
Monday, 25 May 2015 04:33pm EDT 

Tower Ltd:Announces half-year dividend of 8.5 cents per share unimputed.Dividend will be paid on June 30 to shareholders on the register on June 12.  Full Article

Tower Ltd appoints new chief financial officer
Tuesday, 17 Mar 2015 06:28pm EDT 

Tower Ltd:Says that it has appointed Brett Wilson as its new chief financial officer.Wilson will start with the company on March 23.  Full Article

Tower Ltd announces final dividend
Wednesday, 26 Nov 2014 08:00pm EST 

Tower Ltd:Announces final dividend of 8.0 cents per share unimputed.Says the final dividend will be paid on Feb. 3, 2015.Payable to shareholders on the register on Jan. 22, 2015.  Full Article