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TOWER Ltd (TWR.NZ)

TWR.NZ on New Zealand Stock Exchange

1.18NZD
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Latest Key Developments (Source: Significant Developments)

Tower says HY net loss attributable NZ$8.7 mln
Tuesday, 23 May 2017 04:31pm EDT 

May 24 (Reuters) - Tower Ltd ::Dividend payment suspension continued.HY net loss attributable NZ$8.7 million , down 8.05 percent year-over-year.HY underlying profit after tax was nz$8.1 million, a 7.6% increase from NZ$7.6 million in the first half of 2016.HY revenue from ordinary activities NZ$155.5 million, down 1.2 percent.All figures in NZ$.  Full Article

Tower Ltd announces financial impact from recent storm activity
Thursday, 20 Apr 2017 01:19am EDT 

April 20 (Reuters) - Tower Ltd :Financial impacts of recent storm activity.Maximum financial impact of storms associated with ex-cyclone Debbie will be $3.6 million after tax.Estimates gross claims costs for storms associated with cyclone debbie, including edgecumbe will reach between $10 million and $12 million.Cyclone Cook's impact was not as significant as expected.  Full Article

Suncorp Group says acquires 11.14 pct of ordinary shares in Tower
Tuesday, 21 Feb 2017 05:08pm EST 

Suncorp Group Ltd : Suncorp New Zealand acquires 11.14% of ordinary shares in Tower Limited in New Zealand . Standing in market to acquire up to 19.9% of shares in Tower .Proposed acquisition would help in creating a business with gross written premiums of NZ$1.6 billion.  Full Article

Tower confirms that it received a non-binding indicative proposal from Suncorp Group Ltd
Tuesday, 21 Feb 2017 04:34pm EST 

Tower Ltd : Confirms that it has now received a non-binding indicative proposal from Suncorp Group Limited .Suncorp is seeking to acquire all Tower shares at an indicative cash price of nz$1.30 per share.  Full Article

Tower says Vero agreed to purchase 18.8 mln ordinary shares in company
Tuesday, 21 Feb 2017 02:39pm EST 

Tower Ltd :Vero agreed to purchase 18.8 million ordinary shares in tower limited on-market from various holders at a sale price of nz$1.30 per share.  Full Article

Tower notes Suncorp unsolicited off-market share offer
Tuesday, 21 Feb 2017 02:30pm EST 

Tower Ltd : Tower notes Suncorp unsolicited off-market share offer . Suncorp Group acting through UBS, have approached shareholders seeking to initially buy up to a 19.99% stake in Tower . Offer at a fixed price of NZ$1.30 per share, with a view to escalating the offer to 100% of all shares . Board also reiterated that Tower insurance policies and the rights of policy holders remain unaffected . All policies and rights will remain with Tower Insurance Limited in event of a change in ownership of Tower Limited .Tower Chairman Michael Stiassny says board's advice to shareholders was to seek advice and not to sell their shares until board had fully reviewed offer.  Full Article

Tower updates on proposed acquisition by Fairfax Financial
Thursday, 16 Feb 2017 09:31pm EST 

Tower Ltd :Appoints Northington Partners to prepare an independent adviser's report on proposed acquisition of 100 pct of tower shares by Fairfax Financial.  Full Article

Tower says results for quarter ending Dec. 31 2016 remain in line with company's update
Wednesday, 8 Feb 2017 07:44pm EST 

Tower Ltd - : Tower's results for three months ending 31 December 2016 remain in line with company's update on 29 November 2016 . Gross written premium was stable at $77.1 million for three months ended 31 December 2016 .All figures in nz$.  Full Article

Tower says results for quarter ending Dec. 31 2016 remain in line with company's update
Wednesday, 8 Feb 2017 06:27pm EST 

Tower Ltd - : Tower's results for three months ending 31 December 2016 remain in line with company's update on 29 November 2016 . Gross written premium was stable at $77.1 million for three months ended 31 December 2016 .All figures in nz$.  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

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BRIEF-Tower says HY net loss attributable NZ$8.7 mln

* HY net loss attributable NZ$8.7 million , down 8.05 percent year-over-year