As part of ongoing capital management, Vector Limited (NZX:VCT) has determined it should no longer continue to hold 4,245,000 of its own shares as treasury stock. Vector intends to sell these shares through the market, commencing 9 November 2017, and has engaged Forsyth Barr to assist it with the sale.
The proceeds will be initially applied to debt reduction but will be redeployed into new investment opportunities as they arise.
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