Vector Limited (NZX:VCT) advises that it has sold its 4,244,923 treasury shares, to various investors, following a book build undertaken by Forsyth Barr.
The shares were sold at a 2.9% discount to the closing price on 8 November 2017, for $3.30 per share, which represents a 57% gain on Vector’s acquisition price. The proceeds will be initially applied to debt reduction but will be redeployed into new investment opportunities as they arise.
ENDS